The latest technology news coverage. We bring you the latest information on what is happening in Korea today.
SEOUL, Oct. 9 (Korea Bizwire) — More than a decade after introducing the world’s first mass-produced OLED TV, LG Electronics continues to lead the global market thanks to what analysts call a “compounding advantage” born from years of steady innovation and refinement. According to a recent analysis by the U.S. technology outlet PCMag, LG’s long-term investment [...]
SEOUL, Oct. 9 (Korea Bizwire) — South Korea’s streaming industry is rapidly embracing ad-supported subscription models, reshaping the country’s online video landscape and fueling a new surge in digital advertising. Once defined by ad-free viewing, online video platforms—or OTT (over-the-top) services—have increasingly adopted hybrid plans offering lower fees in exchange for ads. The trend began [...]
SEOUL, Oct. 8 (Korea Bizwire) — Global sales of refurbished smartphones have entered a plateau, with growth stagnating in advanced economies but Apple gaining strong momentum in emerging markets, according to a new industry report. Market tracker Counterpoint Research said Wednesday that worldwide sales of refurbished, or “refurb” phones—devices repaired and resold after return or [...]
SEOUL, Oct. 8 (Korea Bizwire) — South Korea’s leading electronic component makers, Samsung Electro-Mechanics and LG Innotek, are expected to post stronger-than-expected earnings in the third quarter, buoyed by robust demand for Apple’s new iPhone 17 and a strategic shift toward higher-margin products. According to market tracker Yonhap Infomax, the consensus estimate for LG Innotek’s [...]
SEOUL, Oct. 8 (Korea Bizwire) — Naver Cloud has claimed first place at a leading international competition for optical character recognition (OCR), cementing its standing as a global leader in text recognition technology. According to the ICT industry on Wednesday, Naver Cloud ranked first at the OCR competition held during the International Conference on Document [...]
SEOUL, Oct. 8 (Korea Bizwire) — Samsung Electronics’ latest foldable smartphones, the Galaxy Z Fold7 and Flip7, have received the highest ratings from leading consumer publications in the United States and Europe, reinforcing the company’s dominance in the premium foldable market. According to industry sources on Wednesday, consumer advocacy magazines in five countries — including [...]
SEOUL, Oct. 7 (Korea Bizwire) — As South Korea’s population rapidly ages, LG Electronics is ramping up its efforts to capture the growing senior consumer market through customized products and accessible services, from simplified televisions to tailored AI home training programs. The company announced Wednesday that it will host AI Home usage workshops for seniors [...]
SEOUL, Oct. 7 (Korea Bizwire) — Naver has rolled out artificial intelligence–powered summaries to its location search service, extending the use of its AI briefing tool beyond news and finance into daily life navigation. According to the tech giant on Tuesday, the new “Place AI Briefing” provides concise overviews of businesses and venues, compiling key details [...]
SEOUL, Oct. 7 (Korea Bizwire) — As Japan confronts the strains of a rapidly aging population with robots and digital care technologies, a new report is urging South Korea to follow suit and invest in “Age-tech” — a burgeoning industry combining artificial intelligence, robotics, and ICT to support the elderly. According to a study released [...]
SEOUL, Oct. 6 (Korea Bizwire) – Nearly 60 percent of South Koreans feel a sense of anxiety about falling behind the trend of using generative artificial intelligence (AI) models to help with investments, a survey showed Monday. According to the poll by the Korea Press Foundation on 1,000 South Koreans, 59.1 percent of respondents expressed [...]