Gloops prides itself in having 427 employees, annual sales of ¥ 237 billion, ordinary profit of ¥ 5.8 billion, and net earnings of approximately ¥ 30 billion (as at June 2012). The fact that it is well ahead of major Korean mobile game companies in terms of profit is one of the first things that catch one’s eye – out of many

NTT DOCOMO, INC., Japan’s leading mobile operator and provider of integrated services centered on mobility, and KT Corporation, South Korea’s leading telecom operator, have agreed to develop a cross-border e-money service that would enable DOCOMO customers with compatible smartphones purchased in Japan to use a prepaid e-money service called “Cashbee” in South Korea.

Anypang, South Korea’s mobile-based, HEXA style puzzle game, with 18 million smartphone downloads and 7 million daily users, played on KAKAOTALK Platform. Anypang’s sales projection is reaching 250,000,000 won (224,000$) on a daily basis. It’s service used some sensible choice architecture with multi-level marketing strategy

Belladati has got 2 partners dedicated to reselling and technical support in Seoul, Bizcom and Osskorea. For the Korean market they have introduced BellaDati Piccolo mobile extension for Samsung and android devices

CEO of Samsung Electronics CE, Boo-Keun Yoon outlined Samsung’s goal to be the 1st choice for consumer electronics by 2015.

The new stereoscopic technology ‘Sound Ball’ being developed in South Korea revealed that they have developed a system where virtual speakers can be placed anywhere – even right next to your ear.

Samsung Electronic’s Smartpad ‘Galaxy Note 10.1’ sales have gone through the roof; its daily sales rate of 1800 sales per day well exceeds the number of iPads sold per day of a mere 500. Given that the sales of the iPad series’ exceeded the Galaxy tab series by 24 times, this phenomenon is unusual yet anticipated.

A quick question: with the current Korean economy in mind, which is more desirable, economic democracy or entrepreneurship? With the presidential election coming up in December, this is one of the hot potatoes of the current South Korean Politics scene.

Since 2010, SK telecom suffered a 28.3% reduction in their overall SMS service, and fears a further 32.3% decline by the end of next year if the current trend persists. Their SMS count per person dropped from 1,819 message per person in 2010 to a mere 1,268 in 2011. It is expected to continue reducing, as the count as of June 2012 was 429 messages per person.

Daniel Tudor is a British journalist and first-time author based in Seoul, Korea. His book Korea: The Impossible Country will be released in November 2012. We caught up with Daniel to learn more about the book.

South Korea’s smartphone users have reached 30 million in August 2012 and there is a noticeably quick shift from web-based to mobile-based games in the gaming industry. Recently, the Ministry of Equal Opportunity and Family offered a very vague regulation guidance for a ‘shutdown’ law and has faced criticism due to its ambiguity. South Korea’s government has tried to battle gaming addiction after a series of cardiopulmonary-related deaths and a game-related murders. But many people criticize the measure and question in which the policy prevents young gamers from addiction.

10月 25日、韓国の優秀ITスタートアップ７チームがKOCCA（韓国コンテンツ振興院）の積極的な支援を受け、公式的にサービスを紹介する予定だ。

As mobile phone fraud cases are increasing, SK Telecom, KT, LG U+ and organisations such as Korea Internet and Security Agency (KISA) and Korea Association of ICT Promotion have meeting discussing prevention measures for mobile loan fraud schemes.

A new app was developed that translates Korean to English (and vice versa) that surpasses Google’s current translation services. Korean Tourism Organization announced that Electronics and Telecommunications Research Institute (ETRI) had finished developing an app named ‘Genie Talk’ that they have been working for the past 4 years. ETRI held a conference celebrating its launch and will be providing this service for free.

After LG U+’s first run in the market competing with Set-top box model, SK and KT Broadband joined
the new competition. New smart TV “Set-top box model” has capability to use apps including web-
searching, VOD, and live TV show functions.

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Samsung is recruiting people for 3 areas: game planning, 2D/3D design, and Server Client developments in the Samsung group. There were no confirmed reports about what segment of the gaming industry Samsung would enter. It will be interesting to watch the entry of this technology giant into the gaming industry.

On November 6, Finovate travels to Singapore to unveil FinovateAsia 2012, a new one-day showcase of the best innovations in financial and banking technology from a mixture of leading established companies and hot young startups.

The Vega R3 has been gaining huge attention because of its innovative functions, features and its practical applications in real life. Experts take optimistic views for the future of the Vega R3. We will now have to see if Pantech will recapture the No.2 place in the smartphone market in Korea which they are aiming at.

Tech Cocktail, a media company and events organization for startups, entrepreneurs, and technology enthusiasts, has released a special report, based on over 100 interviews over 6 months, about the trend of young entrepreneurs in Asia defying their culture and taking big risks.