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Samsung’s Galaxy S8 Advert Wins Cannes Lions Awards

Samsung’s Galaxy S8 Advert Wins Cannes Lions Awards

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 [...]

Naver to Cooperate with Qualcomm on AI Patform

Naver to Cooperate with Qualcomm on AI Patform

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) [...]

Fintech Reshaping the South Korean Financial Industry

Fintech Reshaping the South Korean Financial Industry

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 [...]

Drone Events Enter the Mainstream Amid Growing Public Interest

Drone Events Enter the Mainstream Amid Growing Public Interest

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 [...]

S. Koreans’ Monthly Smartphone Data Usage Hits 6 GB

S. Koreans’ Monthly Smartphone Data Usage Hits 6 GB

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, [...]

ZTE Seeks to Expand Presence in S. Korean Market

ZTE Seeks to Expand Presence in S. Korean Market

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 [...]

LG’s Mobile Fortunes ‘Highly Dependent’ on G6 Sales

LG’s Mobile Fortunes ‘Highly Dependent’ on G6 Sales

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 [...]

World IT Event to Showcase Latest Devices, Technologies

World IT Event to Showcase Latest Devices, Technologies

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 [...]