The latest technology news coverage. We bring you the latest information on what is happening in Korea today.
SEOUL, Feb. 10 (Korea Bizwire) — Kakao Corp., the operator of the country’s top mobile messenger, said Friday its 2022 net income fell 38 percent due to a base effect. The company’s net profit totaled 1.02 trillion won (US$810.2 million) on a consolidated basis in 2022, compared with a profit of 1.64 trillion won a [...]
DAEJEON, Feb. 10 (Korea Bizwire) — The University of Science and Technology said Thursday that its two PhD students have developed artificial intelligence (AI)-based CCTV technology that can sense and judge a variety of complex abnormal situations. The technology passed the Korea Internet and Security Agency’s seven intelligent CCTV certification categories, including loitering, intrusion, falling, [...]
SEOUL, Feb. 9 (Korea Bizwire) — KT Corp., South Korea’s No. 2 wireless carrier, said Thursday its net profit declined last year from a year earlier due to a higher base effect. KT’s net income amounted to 1.38 trillion won (US$1.1 billion) on a consolidated basis in 2022, down 4.9 percent from the previous year’s [...]
SEOUL, Feb. 9 (Korea Bizwire) — Samsung Electronics Co. said Thursday that it has been chosen as the provider of up-to-date 5G solutions by the Japanese telecommunications operator KDDI Corp. Under the deal, Samsung will provide KDDI with 5G standalone (SA) core solutions, regarded as the heart of a 5G network in delivering essential network [...]
SEOUL, Feb. 8 (Korea Bizwire) — Kakao Mobility Corp., the nation’s leading taxi-hailing service, was fined Wednesday for inappropriately requiring users to agree to provide personal information to a third-party company. The Personal Information Protection Commission said it decided to impose a fine of 6 million won (US$4,760) on the company for violating the personal [...]
SEOUL, Feb. 8 (Korea Bizwire) — Meta, the parent company of Facebook and Instagram, was fined by South Korea’s data protection watchdog on Wednesday for allegedly disadvantaging its customers refusing to provide personal information. The Personal Information Protection Commission (PIPC), a central administrative body, said it decided at a plenary meeting to impose a penalty [...]
SEOUL, Feb. 8 (Korea Bizwire) — Kakao Games Corp., the gaming unit of South Korean tech giant Kakao Corp., said Wednesday it swung to the red last year due to increased spending involving its investment in a local game developer. Kakao Games logged a net loss of 164.2 billion won (US$130.6 million) on a consolidated [...]
SEOUL, Feb. 8 (Korea Bizwire) — Samsung Electronics Co.’s newest Galaxy S23 flagship smartphones set a new record in India for the number of pre-orders in a single day. Raju Pullan, senior vice president of Samsung India, said that the number of pre-orders for the Galaxy S23 reached 140,000 units just 24 hours after its [...]
SEOUL, Feb. 8 (Korea Bizwire) — SK Telecom Co., South Korea’s largest wireless carrier, said Wednesday its net profit dropped 60.8 percent last year from a year earlier due mainly to the exclusion of its equity gains from its chipmaking affiliate. The company logged a net profit of 947.8 billion won (US$754.6 million) on a [...]
SEOUL, Feb. 8 (Korea Bizwire) — South Korea plans to conduct its first formation flight of stealth drones around 2025, Korean Air Co. said Wednesday, as the aircraft development project gained traction following North Korea’s drone infiltrations late last year. The country’s flag carrier unveiled the plan during a forum on combat systems incorporating both [...]