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More than 63 pct of S. Koreans Use Mobile Phones for Financial Services: Poll

More than 63 pct of S. Koreans Use Mobile Phones for Financial Services: Poll

SEOUL, Mar. 26 (Korea Bizwire) — More than 63 percent of South Koreans have used banking and payment services via smartphones as a growing number are getting familiar with the tech device in their everyday lives, a central bank poll showed Tuesday. The survey of 2,597 adults, conducted by the Bank of Korea (BOK) last [...]

Mobile Phone Use by Soldiers Might Ease Their Social Isolation

Mobile Phone Use by Soldiers Might Ease Their Social Isolation

SEOUL, Feb. 1 (Korea Bizwire) — An Army battalion in Gapyeong-gun, Gyeonggi Province held a meeting on Thursday to discuss the recent policy of allowing soldiers to use mobile phones at military bases. Soldiers at the battalion have been using cellphones since last August. At the meeting, officers and soldiers exchanged their views on the [...]

North and South Korea Should Develop Peninsula-wide Communications Network: Researchers

North and South Korea Should Develop Peninsula-wide Communications Network: Researchers

SEOUL, Dec. 20 (Korea Bizwire) — With the active use of mobile phones in North Korea increasing, suggestions have been made that the two Koreas should cooperate to introduce mobile financial services in North Korea and ultimately create a unified Korean Peninsula network. According to the IBK Economic Research Institute on North Korea, there are [...]

More South Korean Seniors Prefer Smartphones over Flip-Phones

More South Korean Seniors Prefer Smartphones over Flip-Phones

SEOUL, May 4 (Korea Bizwire) – A rising number of seniors are purchasing the latest smartphones, industry data showed Thursday, breaking the perception that older users normally buy traditional handsets with buttons.  According to the data compiled SK Telecom Co., 74 percent of its users aged 60 and above used smartphones as of April. The [...]

Americans Look at Their Smartphones More Than 9 Billion Times Daily, Up 13 Percent From 2015

Americans Look at Their Smartphones More Than 9 Billion Times Daily, Up 13 Percent From 2015

NEW YORK, Dec. 13 (Korea Bizwire) – A new survey released by Deloitte today confirms American consumers’ dependence on mobile phones continues to rise as the platform of choice for work, home and self across an increasing range of tasks. Consumers now check their smartphone more than 9 billion times per day and increasingly do so while [...]

“Phone-Parazzi” Compensation Soars with Law on Smartphone Purchases

“Phone-Parazzi” Compensation Soars with Law on Smartphone Purchases

SEOUL, Sept. 27 (Korea Bizwire) – Korea’s Mobile Device Distribution Improvement Act went into effect in October 2014, setting a price cap on the amount of subsidies that one can receive when purchasing a new smartphone. The law was intended to establish more generalized smartphone prices, which tended to fluctuate highly from store to store, [...]