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Ratio of Mobile Shopping to Retail Sales Hits New High in Q2

Ratio of Mobile Shopping to Retail Sales Hits New High in Q2

SEJONG, Aug. 17 (Korea Bizwire) — The ratio of mobile shopping to South Korea’s retail sales reached an all-time high in the second quarter of the year, government data showed Thursday, as more consumers are turning to smartphones and other mobile devices to buy goods. Purchases made through smartphones and tablets surged 41.5 percent on-year [...]

LG to Adopt ‘OLED Full Vision’ on New Flagship Smartphone

LG to Adopt ‘OLED Full Vision’ on New Flagship Smartphone

SEOUL, Aug. 3 (Korea Bizwire) — LG Electronics Inc. said Thursday it plans to adopt what it calls organic light-emitting diode (OLED) Full Vision display for its new flagship smartphone set to be showcased later this month. The latest display marks an update from the 18:9 ratio Full Vision display that was adopted by the [...]

Samsung Posts Surprise, Record-high Operating Profit for Q2

Samsung Posts Surprise, Record-high Operating Profit for Q2

SEOUL, Jul. 7 (Korea Bizwire) — South Korean tech giant Samsung Electronics Co. predicted Friday that its second-quarter operating profit shot up nearly 72 percent on-year to post a record-high quarterly level, apparently helped by the robust performance of its chip business. The stronger-than-expected operating profit was estimated at 14 trillion won (US$12.1 billion), compared [...]

Samsung SDI, LG Chem Race to Develop Safer Battery

Samsung SDI, LG Chem Race to Develop Safer Battery

SEOUL, Jul. 4 (Korea Bizwire) — South Korea’s two leading battery manufacturers are racing to develop a new type of smartphone power source that can significantly improve safety, industry sources said Tuesday. According to industry watchers, Samsung SDI Co. and LG Chem Ltd. are currently seeking to commercialize solid-state batteries, which use solid-type electrolytes. The [...]

1 in 5 South Koreans Spends 5 Hours on Smartphone Apps

1 in 5 South Koreans Spends 5 Hours on Smartphone Apps

SEOUL, June 28 (Korea Bizwire) – One out of five South Korean users of Android-powered smartphones accessed applications for more than five hours a day last month, data showed Wednesday. According to industry tracker App Annie, South Korea posted the longest application usage time held by the top 20-percent bracket of users, followed by Mexico, Brazil, and [...]