The latest technology news coverage. We bring you the latest information on what is happening in Korea today.
SEOUL, Feb. 3 (Korea Bizwire) — South Korea’s financial regulator said Friday that local credit card firms can introduce Apple Pay, the long-awaited mobile payment service of U.S. tech giant Apple Inc., as they have followed relevant procedures. There have been reports for months that Hyundai Card Co., a local credit card unit of Hyundai [...]
SEOUL, Feb. 3 (Korea Bizwire) — South Korean internet portal giant Naver Corp. said Friday its net profit plunged in 2022 from a year earlier due to a one-off factor stemming from a business integration a year earlier. Its net income reached 664 billion won (US$544.1 million), down 96 percent from 16.5 trillion won tallied [...]
SEOUL, Feb. 3 (Korea Bizwire) — LG Uplus Corp., South Korea’s No. 3 mobile carrier, said Friday its 2022 net profit fell from a year earlier due to increased financial costs. Its net income reached 662.6 billion won (US$540.8 million) for 2022, down 8.5 percent from a year ago, the company said in a regulatory [...]
SEOUL, Feb. 3 (Korea Bizwire) — South Korea’s video game industry is suffering from a delay in the development of new games, a deterioration of business performance resulting from lower than expected popularity of game titles, and the global economic slump. Against this backdrop, layoffs are spreading, particularly among small and medium-sized game developers. Wonder [...]
SEOUL, Feb. 3 (Korea Bizwire) — SK C&C Co., an IT service unit of South Korean conglomerate SK Group, said Thursday it had signed a business agreement with Microsoft Korea Co. to launch into the global digital healthcare solution market as well as to expand its industry ecosystem. Under terms of the agreement, SK C&C’s [...]
SEOUL, Feb. 2 (Korea Bizwire) — South Korea’s industry ministry said Thursday it agreed with Dutch semiconductor equipment supplier ASM to boost cooperation for the firm’s planned investment of US$100 million to build a production factory and a research and development center in South Korea. The two sides signed a memorandum of understanding (MOU) in [...]
SEOUL, Feb. 2 (Korea Bizwire) — Thousands of South Korean iPhone users lost Thursday in a lawsuit seeking compensation from Apple Inc. over allegations that the company purposely slowed the performance of older models to compel users to buy new ones. The Seoul Central District Court ruled against 9,851 owners of previous iPhone models without [...]
SAN FRANCISCO/SEOUL, Feb. 2 (Korea Bizwire) — South Korean tech giant Samsung Electronics Co. said Thursday it will collaborate with Qualcomm and Google to build an ecosystem for extended reality (XR). Samsung announced the partnership at the Galaxy Unpacked event in San Francisco on Wednesday (local time), where it unveiled new Galaxy S flagship smartphones [...]
SEOUL, Feb. 2 (Korea Bizwire) — Samsung Electronics Co. introduced the next line of its Galaxy S flagship smartphones in San Francisco on Wednesday (local time), as the tech giant is facing economic headwinds that compel consumers to postpone discretionary purchases like personal electronic devices. Samsung, the world’s largest smartphone maker, unveiled three models of [...]
SEOUL, Feb. 2 (Korea Bizwire) — The Korea Institute of Science and Technology announced the development of new technology that can produce electrical energy by adapting itself to various vibrations generated in surrounding environments. A research team from the institute developed an energy harvester that can convert resonant frequencies for itself depending on changes in [...]