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Price War Imminent in Budget Phone Industry

Price War Imminent in Budget Phone Industry

Competition in the ‘budget phone’ market has been fierce from the start of the year, with the affordable phones rapidly gaining popularity. By the end of last year, one out of ten people was using a budget phone. (Image : Yonhap) SEOUL, Jan.6 (Korea Bizwire) – Competition in the ‘budget phone’ market has been fierce [...]

Post Office to Release Postage Stamps Featuring Two Founders of Korean Chaebols

Post Office to Release Postage Stamps Featuring Two Founders of Korean Chaebols

SEOUL, Aug. 25 (Korea Bizwire) – The Office of Postal Service of Korea (Korea Post) announced that it will release two special postage stamps featuring Lee Byung-chul of Samsung and Chung Ju-young of Hyundai on August 26. Korea Post selected the two late founders of Korean conglomerates among 12 candidates after deliberation by a postage stamp issuance committee [...]

Korea Post to Make a Discount Phone Offer You Can’t Refuse

Korea Post to Make a Discount Phone Offer You Can’t Refuse

SEOUL, Oct. 1 (Korea Bizwire) — The Korea Post said on September 30 that it would unveil on October 1 a new rate plan for its discount mobile phone service in commemoration of the first anniversary of the service’s launch. The plan charges no minimum monthly fee and imposes no set contract terms or early-termination charge. All [...]

No. of Internet Banking Users Approaching 100 Mil.

No. of Internet Banking Users Approaching 100 Mil.

SEOUL, Aug. 20 (Korea Bizwire) — The number of Internet banking service subscribers is projected to reach 100 million within this quarter by the end of September. Of these, the ratio of smartphone-based banking customers has increased to 45.5 percent. According to the Bank of Korea on August 19, the total number of registered customers to Internet [...]

Korea Post Sells 660 Low-cost Phones on First Day

Korea Post Sells 660 Low-cost Phones on First Day

SEOUL, South Korea, Sept 30 (Korea Bizwire) – The Korea Post said on September 28 that it began selling low-cost phones on the 27th and signed up 660 subscribers for the first day. Of these, 194 were changing their calling plan only while the remaining 427 bought phone devices as well as signing up for the [...]