The latest technology news coverage. We bring you the latest information on what is happening in Korea today.
SEOUL, Sept. 30 (Korea Bizwire) — LG Electronics is set to complete the stock market listing of its Indian subsidiary as early as October, a move that could raise nearly 1.8 trillion won ($1.3 billion) and significantly bolster the company’s balance sheet. The South Korean manufacturer said Tuesday its board approved the sale of a [...]
SEOUL, Sept. 30 (Korea Bizwire) – Samsung Electronics Co. is expected to unveil its first tri-folding smartphone at the upcoming Asia-Pacific Economic Cooperation (APEC) summit, industry sources said Tuesday, According to the sources, the South Korean tech giant plans to showcase the new model at an exhibition on the sidelines of the multilateral summit, scheduled [...]
SEOUL, Sept. 30 (Korea Bizwire) — Naver Corp.’s sudden move to acquire Dunamu, operator of the global cryptocurrency exchange Upbit, has sent shock waves through South Korea’s technology sector, raising questions about the search giant’s long-term strategy and corporate governance. The deal, announced six months after founder Lee Hae-jin’s return as chairman of Naver’s board, is [...]
DAEJEON, Sept. 30 (Korea Bizwire) — South Korean scientists have unveiled the country’s first system capable of producing clean hydrogen at significantly lower costs, a development that could accelerate the nation’s transition to renewable energy. The Korea Institute of Machinery and Materials (KIMM) said Monday that a research team led by principal researcher Kim Young-sang [...]
DAEJEON, Sept. 30 (Korea Bizwire) — South Korea’s national standards institute has unveiled an artificial eye designed to mimic the human retina, a breakthrough aimed at improving the accuracy of diagnostic imaging for retinal diseases. The Korea Research Institute of Standards and Science (KRISS) said Monday it has developed a “retinal phantom,” a synthetic model [...]
SEOUL, Sept. 29 (Korea Bizwire) — KT Corp. on Monday unveiled SOTA K built on GPT-4o, a large language model developed in collaboration with Microsoft that the company says is optimized for Korean language and culture. The release marks the first time a Korean telecom has rolled out an AI system designed to overcome the [...]
SEOUL, Sept. 29 (Korea Bizwire) — Kakao Corp. has moved to roll back a major redesign of its flagship messaging app, KakaoTalk, after a wave of user backlash forced one of the most unusual reversals in the app’s 15-year history. According to industry officials on Monday, Kakao decided over the weekend to restore the original [...]
SEOUL, Sept. 29 (Korea Bizwire) — The use of payment services employing passwords, biometric data and other authentication methods rose more than 11 percent in the first half, reflecting the growing trend of contactless commerce, central bank data showed Monday. The daily average value of simple payment transactions reached 1.046 trillion won (US$745.77 million) in [...]
SEOUL, Sept. 29 (Korea Bizwire) — Kakao Corp.’s biggest revamp of its flagship KakaoTalk messenger in 15 years has sparked a wave of criticism from users, rattling confidence in the app that dominates South Korea’s mobile communications. The update, rolled out last week, is part of Kakao’s push to reposition KakaoTalk from a basic messenger [...]
SEOUL, Sept. 29 (Korea Bizwire) — South Korea’s second-largest telecom carrier, KT, is under mounting criticism from consumers and legal experts for refusing to disclose key network data in cases involving unauthorized mobile phone payments, even as reports of such incidents climb. Authorities say nearly 19,300 cases of fraud involving mobile micropayments were reported last [...]