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Internet Banks to Start Business This Year

Internet Banks to Start Business This Year

SEOUL, April 9 (Korea Bizwire) — South Korea’s financial regulator said Thursday that Internet-only banks are expected to be launched in South Korea in 2015 as it is working on detailed measures to encourage big name IT firms like Naver and Daum Kakao to invest in the online banking industry. Under the current financial laws, a [...]

KakaoTalk Emoticons to Feature Endangered Animals

KakaoTalk Emoticons to Feature Endangered Animals

SEOUL, April 3 (Korea Bizwire) – To raise awareness about endangered animals threatened with extinction in Korea, and promote the value of our environment, the Korean government and a mobile messenger provider will distribute emoticons featuring the animals. The Ministry of Environment and Daum Kakao, the operator of mobile messenger app KakaoTalk, announced on April 2 [...]

Daum Kakao Rolls Out Cab-hailing App

Daum Kakao Rolls Out Cab-hailing App

SEOUL, March 31 (Korea Bizwire) – Daum Kakao, the operator of South Korea’s top mobile messenger, KakaoTalk, rolled out Tuesday its cab-booking mobile application for smartphone users, extending the service to a full lineup after it launched a similar platform for taxi drivers early this year. KakaoTaxi, available for downloading at Google Play for Android users, [...]

Viber Appeals S. Korean Court Ruling on Patent Feud with SK Telecom

Viber Appeals S. Korean Court Ruling on Patent Feud with SK Telecom

SEOUL, March 2 (Korea Bizwire) — Global mobile messenger provider Viber said Monday it will appeal a South Korean court ruling that may ban its local operation, signaling a protracted battle with South Korea’s No. 1 mobile carrier, SK Telecom. “Because Viber believes the court’s decision was made in error, it is appealing the court’s [...]

Seoul City Signs Deal on Provision of Disaster Info

Seoul City Signs Deal on Provision of Disaster Info

SEOUL, Jan. 30 (Korea Bizwire) — The Seoul city government said Friday it signed an agreement with Daum Kakao Corp., the operator of the top messaging app KakaoTalk, to provide Seoul citizens with real-time information on disasters via the messenger. The service would allow subscribers to quickly and conveniently get information on real-time situations and [...]