SEOUL, June 8 (Korea Bizwire) — The global mobile application market exceeded approximately US$500 billion last year, an industry tracker said Wednesday. According to a recent report from data.ai Inc., mobile advertising generated consumer spending of $336 billion last year, representing a 14 percent increase year on year and accounting for 66.8 percent of the [...]
SEOUL, Oct. 30 (Korea Bizwire) — A so-called “open banking” service, which allows users to withdraw and transfer money from multiple bank accounts using just one mobile application, will be put into operation on a trial basis. Ten major South Korean banks, including KB Kookmin Bank and Shinhan Bank, began piloting open banking at 9 [...]
SEOUL, Jul. 1 (Korea Bizwire) — Roaring K-pop boy band BTS launched Monday an official mobile application channel to connect with fans around the world. The septet announced the opening of BTS Weverse, an official fan community based on the application Weverse. Through the channel, BTS will communicate with fans using text messages as well [...]
SEOUL, May 10 (Korea Bizwire) – South Korea has trumped other major countries in terms of mobile application usage, with local smartphone users using various software to play games, a report showed Wednesday. People here used mobile apps on an average of 200 minutes per day during the first quarter of this year, outpacing Brazil, [...]
SEOUL, Dec. 7 (Korea Bizwire) – The impeachment vote to bring down President Park Geun-hye is planned for Friday, but it’s not going to stop angry Koreans from once again gathering on Saturday for what will be the 7th nationwide rally, with protestors calling for Park to step down immediately. This weekend’s rally, however, will [...]
SEOUL, Nov. 28 (Korea Bizwire) – For the fifth weekend in a row, hundreds of thousands of Koreans took to the streets demanding the resignation of President Park Geun-hye, who is suspected of a host of illicit activities related to corruption and abuse of power. The latest protests, however, were noted by their integration with [...]
SEOUL, Nov. 28 (Korea Bizwire) – Those making frequent use of their mobile devices can easily get frustrated when the process of installing a new app requires access to a bunch of sensitive information, often raising questions of personal data ending up in the wrong hands. In an effort to help smartphone users better protect [...]
SEOUL, Sept. 22 (Korea Bizwire) – The Korea Communications Commission (KCC) Wednesday decided in favor of a new revision to the Telecommunications Business Act that will soon allow consumers to delete pre-installed applications that come with new smartphones. The revision will prohibit acts that block users from erasing software that are not essential to the [...]
SEOUL, June 28 (Korea Bizwire) – Japan-based global messaging app operator LINE Corp. said Tuesday that it has set the price range of its initial public offering (IPO) at between 2,700 yen and 3,200 yen (US$31.60) a share, roughly matching its previously hoped-for price of 2,800 yen per share, amid increased market tumult sparked by [...]
SEOUL, May 30 (Korea Bizwire) – Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME) recently developed a new mobile phone application called ‘Glassdoor’ as part of efforts to strengthen company morale in light of recent financial difficulties. The new app, released on May 16, boasts a registry of 2,300 employees out of the 12,000 [...]