SEOUL, May 11 (Korea Bizwire) — ONE store Co., a South Korean mobile app market platform, decided Wednesday to withdraw its plans for an initial public offering (IPO) due to lackluster investor confidence, financial industry sources said. The No. 2 mobile app market operator here, after Google Play store, received lackluster response from institutional investors [...]
SEOUL, May 9 (Korea Bizwire) — ONE store Co., a South Korean mobile app market platform, will go public this month as planned, its CEO said Monday, amid concerns its initial public offering (IPO) may draw weaker-than-expected demand in the face of lackluster market conditions. ONE store, the No. 2 mobile app market operator here [...]
SEOUL, Aug. 23 (Korea Bizwire) — One store, a South Korean app market operator, said Monday it has joined hands with Microsoft Corp. to develop a global app market by next year in its latest move to boost its presence against bigger rivals operated by global tech giants. The app market is currently available on [...]
SEOUL, June 1 (Korea Bizwire) — ONE store, a South Korean app market operator, said Tuesday it received a combined 17 billion won (US$15 million) in funding from Microsoft Corp. and the venture capital arm of Deutsche Telekom as it prepares to go public later this year. Microsoft will invest 11.3 billion won in the [...]
SEOUL, March 3 (Korea Bizwire) — Major South Korean telecom operators KT Corp. and LG Uplus Corp. said Wednesday they invested a total of 26 billion won (US$23.1 million) for a minority stake in the homegrown app market ONE store, bolstering the smaller local rival to Google’s Play store. KT has invested 21 billion won [...]
SEOUL, Feb. 21 (Korea Bizwire) — South Korea’s app market ONE store has drawn attention as a possible alternative to Google’s Play store as local app developers worry about increasing costs over the U.S. tech giant’s decision to expand its 30 percent commission fee to all in-app digital goods purchases later this year. ONE store, [...]
SEOUL, Dec. 1 (Korea Bizwire) — In the mobile application store business where only a few IT giants dominate the global market, it takes herculean efforts for newcomers to overcome the high entry barriers and make their presence known to industry players. To survive in the market monopolized by Google’s Play Store for Android devices [...]
SEOUL, June 3 (Korea Bizwire) — South Korean mobile carriers said Wednesday they have opened a unified app store for their smartphone users, as part of an effort to bolster their presence in the growing app content sector dominated by two app giants: Google and Apple. The One Store is a consolidated mobile version of [...]
SEOUL, March 22 (Korea Bizwire) — The three biggest mobile network operators in Korea, SK Telecom, KT and LG Uplus have joined forces to launch a unified app store platform, One Store, in a move that will combine their current offerings, T Store, Olleh Market and U Plus Store. The three mobile operators invited 350 app developers [...]