SEOUL, May 14 (Korea Bizwire) — Kakao Corp., a major South Korean tech firm, beat its rival Naver Corp. in terms of average wage for three consecutive years through 2022, data showed Sunday. Kakao, which operates the country’s most popular mobile messenger, KakaoTalk, saw its average wage reach 139 million won (US$103,422) last year, hovering [...]
SEOUL, May 2 (Korea Bizwire) — Instead of sluggish demand for products like TVs and semiconductors, South Korea’s major tech companies are finding a new cash cow in the automotive business. Harman International, an automotive electronics subsidiary of Samsung Electronics Co., recorded sales of 3.17 trillion won ($2.36 billion) and an operating profit of 130 [...]
SEOUL, Feb. 1 (Korea Bizwire) — South Korean tech firms are cutting off support for various add-on services to focus on their primary services and overcome the current economic downturn. Kakao Corp., the operator of South Korea’s largest messenger app KakaoTalk, shut down a subscription platform service last month. This service was launched in June [...]
SEOUL, Aug. 25 (Korea Bizwire) — Ahead of the Chuseok holiday set for Sept. 9-12, tech firms are offering a variety of discounts and promotions. Major telecom operator KT Corp. plans to offer special discounts through its AI and big data-based text commerce K-Deal. For customers who purchase more than 150,000 won (US$112) worth of [...]
SEOUL, April 2 (Korea Bizwire) — South Korean baseball fans are increasingly using online means to watch games as the coronavirus continues to rage on. With the 2021 season of the Korea Baseball Organization (KBO) begins Saturday, tech companies are releasing a series of broadcasting services with special features to meet audience demand. Online gaming [...]
SEOUL, March 12 (Korea Bizwire) — South Korean tech firms and game developers are competing to recruit new employees, promising “good rewards.” After Nexon Co. decided to raise the annual wage of all management staff by 8 million won (US$7,000) last month, Netmarble Corp. and Com2uS followed suit by offering raises of the same amount. [...]
SEOUL, Sept. 18 (Korea Bizwire) — South Korean tech firms are joining the race for the growing remote work market, industry officials said Friday, as businesses brace for a drawn-out fight against the COVID-19 pandemic. The country’s workplaces have been reshaped this year as many companies opt to keep their workers out of offices to [...]
SEOUL, July 13 (Korea Bizwire) — A combined market value of Naver Corp., South Korea’s top internet portal operator, and other so-called ‘untact’ stocks, such as Kakao Corp., have seen their combined market cap surpass the 100-trillion won (US$83.27 billion) mark for the first time amid the novel coronavirus outbreak. The market capitalization of the [...]
SEOUL, June 20 (Korea Bizwire) — Major South Korean tech firms are supporting the country’s virus fight with their own smartphone applications for QR code-based registration, a scheme meant to stem further spread of the new coronavirus and trace potential cases, industry sources said Saturday. Starting on June 10, the country has enforced QR code-based [...]
SEOUL, Feb. 5 (Korea Bizwire) — The spread of coronavirus in China is likely to push up prices of semiconductors and display panels, analysts said Wednesday, amid possible supply chain disruptions of key industrial materials. China, where the outbreak originated, is home to manufacturing facilities of many of South Korea’s major tech firms, including Samsung [...]