SEOUL, Jun. 26 (Korea Bizwire) — Samsung Electronics Co.’s advertisement of its flagship Galaxy S8 smartphone won seven awards from the Cannes Lions International Festival of Creativity, the company said Monday. The South Korean tech giant said it has won three gold, two silver and two bronze prizes from the festival with its advertisement dubbed [...]
SEOUL, Jun. 20 (Korea Bizwire) — Naver Corp., South Korea’s top Internet portal operator, said Monday that it will work with global chipmaker Qualcomm Inc. to further develop its artificial intelligence (AI) platform, Clova. Under an agreement with Qualcomm’s subsidiary, Qualcomm Technologies, Naver will provide Clova for use with the global giant’s Internet of Things (IoT) [...]
SEOUL, Jun. 14 (Korea Bizwire) — The rise of fintech is reshaping the landscape of the South Korean financial industry. Fintech, a portmanteau of the words ‘finance’ and ‘technology’, refers to the use of IT services to replace traditional human-based processes or interaction, examples of which include internet payment systems such as Paypal. Similar services [...]
SEOUL, Jun. 12 (Korea Bizwire) — Sony Corp.’s resurgence in the premium TV market is starting to threaten the lead enjoyed by South Korea’s Samsung Electronics Co. and LG Electronics Inc., industry data showed Sunday. Data provided by the global market tracker IHS showed that in the first half of this year, Sony accounted for [...]
SEOUL, June 7 (Korea Bizwire) – As drone sales worldwide are forecast to reach 2.5 million units this year, the growing interest in unmanned aerial vehicles in South Korea is seeing a number of drone events take place around the country. The Ministry of Land, Infrastructure, and Transport (MOLIT) is holding a competition for 3D [...]
SEOUL, Jun. 5 (Korea Bizwire) — The monthly data consumption of South Koreans using the fourth-evolution network (LTE) surpassed 6 gigabytes for the first time in April, reflecting the rising demand for video streaming and other services in the mobile environment, industry data showed Friday. According to the data compiled by the Ministry of Science, [...]
SEOUL, Jun. 1 (Korea Bizwire) — China-based tech manufacturer ZTE Corp. is gradually expanding its presence in the South Korean market by joining forces with local companies, industry watchers said Wednesday. There are currently three ZTE-manufactured devices being sold in South Korea, including the LINE Friends smartphone released through KT Corp., the country’s No. 2 [...]
SEOUL, May 29 (Korea Bizwire) — LG Electronics Inc. is likely to cut losses in its smartphone business in the coming months, but the company’s efforts to revive its mobile fortunes are “highly dependent” on sales of the flagship G6 smartphone, an assessment by an international ratings agency said Saturday. LG’s smartphone division has posted [...]
SEOUL, May 23 (Korea Bizwire) – South Korea’s largest consumer electronics and technology trade fair will kick off in Seoul later this week to showcase the latest mobile gadgets and telecommunications technologies, the ICT ministry said Tuesday. The World IT Show, hosted by the Ministry of Science, ICT and Future Planning, will kick off Wednesday [...]
SEOUL, May 22 (Korea Bizwire) – Samsung Display Co. said Monday it will showcase the world’s first “stretchable” panel during a U.S. tech fair slated for this week, which is expected to open a new era for the industry. The South Korean company said the stretchable OLED display is unique since it can bend in [...]