The top three mobile apps in South Korea -- KakaoTalk, YouTube and Naver -- attracted over 40 million users each in June this year, accounting for the bulk of the country’s population of 52 million, according to data compiled by research firm Mobileindex Insight. The list of popular apps also includes Chrome, a web browser from global search engine Google, Korea’s top online retailer Coupang and popular photo-based social media Instagram, a unit of Facebook. The common thread conn

South Korea’s own app market operator ONE Store said Monday it will go global in 2022 and challenge the dual hegemony of Google and Apple by charging commissions up to one-third cheaper. During an online press conference, CEO Lee Jae-hwan announced that the firm has teamed up with Blizzard, Microsoft and Tencent to expand beyond the Korean market and launch a global version of the ONE Store in 2022. “Due to the recent monopoly issue in the app market, ONE Store is getting incre

South Korean stocks turned to losses late Friday morning as concerns about the possibility of US Fed's earlier-than-expected tapering pulled down stock prices. The benchmark Korea Composite Stock Price Index (Kospi) retreated 20.52 points, or 0.66 percent, to 3,077.31 points as of 11:20 a.m. Stocks opened with mild gains after the Kospi retreated nearly 2 percent Thursday, marking the biggest daily loss since Feb. 26 and the lowest closing price since early April. But stocks fell back below t

400MW/1,600MWh supplied by LG Energy Solution to Vistra's Moss Landing Energy Storage Facility, recognized at facility's Media Day event Simplified TR1300 installation saved construction time and costs while maximizing safety and energy density SEOUL, South Korea, Aug. 20, 2021 /PRNewswire/ -- LG Energy Solution, South Korea's leading manufacturer of advanced lithium-ion batteries, and Vistra Corp. celebrated the completion of the 400MW/1.6GWh Vistra Moss Landing Energy Storage Facility

South Korea’s mobile carriers are adjusting their business strategy to expand their non-telecom businesses in a bid to take a share in the growing demand for digital content delivered via both mobile and fixed-line networks. SK Telecom, KT and LG U+ each witnessed an increase in the share of non-telecom business in their total revenue in the April-June period this year, as more people stayed home and spent time watching video on IPTV and mobile platforms. Top executives of the three ma

South Korean stocks retreated for an eighth straight session Tuesday as disappointing Chinese economic data raised concerns about a slowdown in global economic recovery. The Korean Won fell against the US dollar. The benchmark Korea Composite Stock Price Index (Kospi) slumped 28.2 points, or 0.89 percent, to close at 3,143.09 points. Trading volume was high at about 680 million shares worth some 21.9 trillion won ($18.6 billion), with losers outnumbering gainers 786 to 117. Foreigners sold a

South Korean stocks opened a tad higher Tuesday as tech large caps showed signs of a rebound from their weeklong plunge, in addition to strong advances by financial stocks. The benchmark Korea Composite Stock Price Index (KOSPI) rose 1.63 points, or 0.05 percent, to 3,172.92 points in the first 15 minutes of trading. The key stock index opened with mild gains as the country's two largest chipmakers rose after tumbling on pessimism about a future price fall of DRAMs. Gains by financial and ban

South Korean stocks opened lower Tuesday, tracking overnight losses on Wall Street over the resurgence of the new coronavirus and its delta variant. The benchmark Korea Composite Stock Price Index (Kospi) fell 4.68 points, or 0.14 percent, to 3,255.74 points in the first 15 minutes of trading. Stocks retreated amid concerns that the highly contagious delta variant may hamper the ailing global economy. The Dow Jones Industrial Average declined 0.3 percent, with the S&P 500 slipping 0.09 pe

South Korean stocks opened higher Friday, tracking overnight rallies on Wall Street that stemmed from optimism over jobless data. The benchmark Korea Composite Stock Price Index (Kospi) rose 6.6 points, or 0.2 percent, to trade at 3,282.73 points in the first 15 minutes of trading. The Kospi got off to a solid start on bio and financial gains. Overnight, the S&P 500 gained 0.6 percent to close at a record high, with the Dow Jones Industrial Average and the tech-heavy Nasdaq composite both

IPTV operators in South Korea are attempting to nurture a new segment -- “tablet TV” -- to meet growing demand for another TV screen, as more people tend to stay home due to the prolonged COVID-19 pandemic. Streaming on-demand video via mobile phones and tablet computers is nothing new, as millions of Koreans already enjoy Netflix and other services. For IPTV operators that rely heavily on fixed-line networks, however, such a “cord-cutting” trend in which viewers dit

SeeSo recognized in Best Mobile Innovation for Connected Living at MWC Barcelona 2021 BARCELONA, Spain, Aug. 2, 2021 /PRNewswire/ -- VisualCamp, eye tracking software company and a member of Born2Global Centre, won "Best Mobile Innovation for Connected Living" at the Global Mobile (GLOMO) Awards at MWC Barcelona 2021. GSMA judges recognized that SeeSo unlocks new possibilities in accessibility and usability across mobile platforms with eye tracki

LG Energy Solution aims to achieve carbon neutral by 2050; convert to 100% renewable energy in its global business operations by 2030. Leading battery manufacturer boasts efforts to lead sustainable future and declares ESG vision "We CHARGE toward a better future." "ESG management is a new guide in creating sustainable social value, and LG Energy Solution will accelerate its efforts to innovatively transform human lives," said Jong Hyun Kim, President and CEO of

A growing number of clashes between parents and their children revolve around the use of parental control apps that filter out obscene content on online platforms, but there are concerns these apps may not even be working. The prolonged COVID-19 pandemic is forcing students to study from home through smartphone apps, prompting parents to apply filtering apps to block harmful online content. Parental control apps can be installed on computers and mobile devices, with a comprehensive list of

KT on Thursday announced the launch of pure end-to-end 5G service, becoming the first mobile carrier in South Korea to commercialize a 5G standalone network. Starting from Thursday, users of Samsung Galaxy S20, S20+ and S20 Ultra phones who subscribe to KT’s 5G mobile plans will be able to access the 5G SA connection simply by updating their device software. Standalone refers to it being pure 5G from end to end, without occasional transitioning to 4G Long Term Evolution networks. S

A class action lawsuit against SK Telecom, filed by a group of 5G mobile service users in South Korea, formally started Thursday, amid conflicting claims about the quality of the mobile service. In the lawsuit, 237 people who signed up for SK Telecom’s 5G service presented their case at the Seoul Central District Court through local law firm Serim. In February, the law firm recruited Korean 5G users who experienced problems with the service and wanted to join the class action suit. On