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The latest technology news coverage. We bring you the latest information on what is happening in Korea today.

President Moon Checks Out Next Generation Internet-Based Banking

President Moon Checks Out Next Generation Internet-Based Banking

SEOUL, Aug. 8 (Korea Bizwire) — President Moon Jae-in paid a visit yesterday to a conference to experience new innovations that are changing the fintech sector. The event at Seoul City Hall was held with the goal of vitalizing Internet-based banks. Moon participated in the conference which also showcased various examples of innovative fintech practices [...]

Samsung Seeks to Revitalize Weak Smartphone Sales with Note 9

Samsung Seeks to Revitalize Weak Smartphone Sales with Note 9

SEOUL, Aug. 8 (Korea Bizwire) — Samsung Electronics Co. is betting on the Galaxy Note 9 to revitalize its sluggish smartphones sales, although it is still uncertain that the upcoming phablet will appeal to customers in the wake of weak demand for the Galaxy S9, industry watchers said Wednesday. The South Korean tech giant’s IT [...]

Gov’t Promises to Help Finance Smart Factory Clusters

Gov’t Promises to Help Finance Smart Factory Clusters

SEOUL, Aug. 6 (Korea Bizwire) — Companies that share similar production processes will be able to finance high-quality “smart” factories cost-effectively by coming together in clusters of five or more. The Ministry of SMEs and Startups revealed yesterday that it would be partially funding the establishment of factories that would benefit companies through economies of [...]

Samsung Ratchets up Lobbying in U.S. Adapting to Rising Protectionism

Samsung Ratchets up Lobbying in U.S. Adapting to Rising Protectionism

SEOUL, Aug. 5 (Korea Bizwire) – Samsung Electronics Co. is greatly increasing its lobbying efforts in the United States amid a rise in protectionist trends under the Donald Trump administration, industry sources said Sunday. Sources said the world’s largest maker of semiconductors and smartphones is relocating its Washington, D.C. office right next to Capitol Hill [...]

LG Beats Samsung in Home Appliance Profit Margin for First Half

LG Beats Samsung in Home Appliance Profit Margin for First Half

SEOUL, Aug. 3 (Korea Bizwire) — LG Electronics Inc. profited more for every home appliance sold in the first half of 2018 compared with its bigger rival Samsung Electronics Co., industry data showed Friday. Samsung Electronics posted sales of 20.1 trillion won (US$17.8 billion) over the January-June period for the home appliances segment, above LG [...]

Transportation Ministry Rules Car Sharing App “ChaCha” Illegal

Transportation Ministry Rules Car Sharing App “ChaCha” Illegal

SEOUL, Aug. 1 (Korea Bizwire) – The South Korean government has found that “ChaCha,” an app-based car sharing service similar to that offered by Uber around the globe, is operating illegally. The Ministry of Land, Infrastructure and Transport (MOLIT) said that after numerous complaints from members of the public regarding the legitimacy of ChaCha’s services, [...]

Unlimited Data Plan Subscribers Use 20 GB Monthly

Unlimited Data Plan Subscribers Use 20 GB Monthly

SEOUL, Aug. 1 (Korea Bizwire) — The monthly data usage by South Koreans subscribing to unlimited package plans came to nearly 20 gigabytes (GB), government findings showed Wednesday. According to the Ministry of Science and ICT, local smartphone users subscribing to unlimited data plans used an average of 19.8 GB of data in June, more [...]

LG Electronics Opens First Overseas AI Research Lab

LG Electronics Opens First Overseas AI Research Lab

SEOUL, Aug. 1 (Korea Bizwire) — LG Electronics Inc. said Wednesday it has opened its first overseas research center devoted solely to the development of artificial intelligence (AI) technologies. The South Korean tech giant said the Toronto AI Lab in Canada will carry out various research through cooperation with the University of Toronto starting from [...]

New Smartphone Payment System: “A Single Tap is All You Need”

New Smartphone Payment System: “A Single Tap is All You Need”

SEOUL, Jul. 31 (Korea Bizwire) – JUSTOUCH, a new payment system based on near-field communication (NFC), is set to initiate services on August 1 with seven out of eight Korean credit companies offering the new system as a payment option for consumers. According to industry insiders, consumers will be able to make payments with JUSTOUCH [...]