Korean News
Korean Gaming Heavyweight, Smilegate, Buys $112 million stake in Sundaytoz, Becomes Biggest Share Holder
2014년 03월 28일

Smilegate, Korea-based maker of online games, has just announced a $112 million buyout of 20% of Sundaytoz’ stock in a move that makes the company behind global success, Crossfire, the largest stake holder. Smilegate is one of the most successful players in the Korean online gaming industry. For the last last two consecutive years Smilegate has been the proud owner / developer of the world’s highest grossing online game. Crossfire, with revenues of…

Foreigner vs Korean Apps: The review of “I Love Coffee”
2014년 03월 26일

Since 2011, PatiGames has been making Korean Mobile Applications. This is a review of their game I love Coffee. In the game, you serve customers coffee, clean up and even make coffee. It runs kind of like Diner Dash. The concept is actually quite good and it has the potential to be a great game. The Good This game has a wonderful graphic interface. It is reminds me of the gameboy interface….

Another One Bites The Dust: Groupon, Another Global Tech Corporation Plans Exit From Korea
  ·  2014년 03월 25일

Groupon recently announced liquidation of all assets of Groupon Korea, and a plan to focus all its efforts to promote its recent acquisition Ticket Monster (TMON) in Asia’s third largest e-commerce market. Groupon now joins the long list of global companies, which have failed to capture market share in South Korea. Recently (December 2012), Yahoo also shut down its Korean operations, as profitability became an issue in South Korea. South Korea is…

Cisco Aggressively Expanding Into Korea, Plans Long Term Agreements with KT and Samsung
2014년 03월 17일

KT – Cisco team up for 5G network Korean telecommunications giant KT said recently that it aims to jointly develop a fifth-generation (5G) network with Cisco Systems under new corporate initiatives being pursued by KT CEO Hwang Chang-gyu. “While 5G is still just a concept rather than a reality, you should keep in mind that being proactive means thinking and acting ahead of anticipated trends,” said a KT executive. The remarks come…

Shifting Tides: The Korean Portal Market in Flux as Naver Eats Daum, and Nate (and Google Emerges)
2014년 03월 13일

Between 1997 and 2001, 3 web portal giants were born in Korea in a mini .com boom that mirrored similar in the west. Daum, Naver and Nate utilized the incredible IT infrastructure that had been built through a massive, strategic cash injection from the Korean government that aimed (and succeeded) in powering Korea to the status of one of the most progressive technology hubs in the world. This legacy still prevails and…

Google Lends Its Name To Korean Mobile Start-ups To Avoid Costly ‘Kakao Tax’(UPDATE: Not True)
2014년 03월 04일

A Google spokesperson has reached out to TechInAsia who also posted this news, and pointed out that “it hasn’t done or offered any of the things described in this post.” References  were initially sourced from ZDnet Korea (http://www.zdnet.co.kr/news/news_view.asp?artice_id=20140219145110). They have since taken down the articles used as reference for this article. We apologize for the inaccuracy of this post. Korea has long been a brand-obsessed shopping nation. Now Google aims to assist up-and-coming app…

Top News Items From Korean Tech: Mobile Commerce Grows, Naver Shares Bounce Back, Pantech in Trouble
2014년 03월 03일

Mobile Shopping Users In Korea Exceed 20M For First Time A recent survey has shown that Koreans using mobile shopping applications has grown such that there are now more mobile shoppers than there are KakaoGame players in Korea. According to Rankey.com who conducted the survey, the number of shopping app users totaled 21.63M, as of January 2014. This figure is 2.7M higher than the number of KakaoGame Play users and represents a…

Mobile App, Whoscall, Now Helping Over 10M People Block Spam On Thier Mobile
2014년 03월 03일

Camp Mobile, an app developer that was acquired by Line last year has just announced that its mobile app, Whoscall, which is designed to protect users from “smishing,” or SMS phishing, has passed the 10-million-mark in cumulative downloads in about 40 countries worldwide. The downloading of Whoscall is now active in about 40 countries, with the mobile app being selected as the Best App of the Year 2013 at Google Play in seven…

Two Top Stories From Samsung at Mobile World Congress This Week
2014년 02월 25일

Samsung unveils Tizen-based wearable devices Samsung Electronics Co., the world’s largest maker of smartphones, unveiled its first wearable devices that run on its own mobile operating system Tizen in Spain on Sunday, as it seeks to break its heavy reliance on Google Inc.’s Android software. The unveiling of the Samsung Gear 2 and Gear 2 Neo, Samsung’s successors to the Galaxy Gear, which was released in September last year, also comes as…

Korea Stands Out In Asia As a Key Test Market For Global Tech Companies, Including Facebook
2014년 02월 24일

There has been much talk about Facebook’s inability to crack the tough, localized Korean market, but in an interview with Facebook’s top brass in Korea, this situation seems to be improving. Korea is a key test market for Facebook and this should send a message to other global tech companies hoping to do business in Korea, particularly those engaged with expansion on mobile. It was also proven last year that Facebook was taking…

K-Glass, Faster and More Powerful than Google Glass
2014년 02월 21일

The researchers at KAIST (Korea Advanced Institute of Science and Technology) announced that they developed a head-mounted display–30 times faster processing speed compared to that of Google Glass. ‘K-Glass’, developed by Yoo Hoi-Jun, Professor of Electrical Engineering at KAIST, and his team, is a high-performance, extremely low-powered head-mounted display (HMD) embedding an augmented reality (AR) chip–30x faster and with 3 to 12x longer operating time than Google Glass. Despite the sensation that Google created…

As Facebook Buys WhatsApp, What’s The Future of Korea’s Top Messaging App, Kakao Talk?
2014년 02월 20일

Kakao Corp., developers of Korea’s favorite messaging service and social platform, Kakao Talk, will be listing its stock publicly next May. This follows the recent news that SundayToz also successfully listed its stock in August 2013, and demonstrates further growth in the domestic tech industry, that has been attracting much attention in the international press attention recently. What’s more interesting though is the potential opportunity that Facebook has presented following today’s news that…

Google is Actually Doing Well In Korea, Catching Up To Local Players In Ad Revenue
2014년 02월 20일

Google, which has been relatively slow in expanding its market presence in South Korea, is now fast catching up to local rivals in display Ad sales (one segment of online advertising), according to industry sources. This news will be a surprise to many who have been watching Google’s advance in Korea with skepticism, as reported by beSUCCESS only a month ago.   This news will also fall sweetly on the ears of…

Korea’s Mobile Ad Market Nearly Doubles in 2013
2014년 02월 20일

The local market for mobile advertisement nearly doubled year-on-year in 2013, a government report showed Tuesday, amid the soaring number of smartphone users in the country. The Ministry of Science, ICT and Future Planning said the size of South Korea’s mobile advertising market was estimated at 416 billion won (US$392 million) last year, a leap from the 215.9 billion won (US$202.5 million) in 2012. Last year’s figure accounted for 4 percent of…

Asian Chat Apps, Like Kakao Talk, Look Likely To Upset The Global Tech Establishment
2014년 02월 19일

Reuters: Asian chat services KakaoTalk, LINE and WeChat threaten to overturn the mobile order of things, usurping the role of Google Inc, Apple Inc, Amazon.com Inc, Facebook Inc and telecoms carriers as gatekeeper to the consumer. Where these internet and telecoms giants once controlled the lucrative choke points of the industry, social messaging services are fast emerging as an alternative distribution channel for adverts, apps, and goods and services. For example, Tencent Holdings’ WeChat allows its more than…

LG Aims For No. 3 Global Smartphone Spot in 2014, Unveils G Pro 2
2014년 02월 17일

With the launch of a large-screen smartphone-tablet hybrid on Thursday, LG Electronics is attempting to achieve an ambitious goal:  regain the No. 3 spot in the global smartphone market place. It may be a long shot. Last month, Chinese PC maker Lenovo announced plans to buy Google’s Motorola Mobility handset unit for $2.9 billion. There has been a lot of coverage in the press about the recent Lenovo-Motorola deal, but internally LG has been focusing on boosting their own…

German-Korean Entrepreneur Disrupting $5Bn Delivery Market, Bets on Offline-Online Megatrend
2014년 02월 13일

Naldo today announced a new online instant-delivery ordering service that aims to disrupt a domestic industry worth $5Bn. The company provides “immediate delivery of almost any item for B2B and B2C customers within a maximum timeframe of 90 minutes via a browser-based online ordering-system”. The existing offline instant-delivery market in Korea is already huge and sprawling, but Naldo aims to provide a much more streamlined and cost-efficient experience to customers. The early…

South Korean Startup Support Gets Mixed Reception
2014년 02월 11일

Published on the Wall Street Journal, February 11 2013 First Year Raises Efficacy Concerns; Government Says Project Continues to Improve In the past year, the South Korean government has sponsored a raft of overseas programs to give its young startups exposure to global tech trends. Government officials here hope that a thriving local startup scene could soon put fresh Korean technology names on the global stage—and they are sparing no expense to…

Rakuten Acquires Viki for $200M
2014년 02월 10일

Reported by AllThingsD on Septemer 1st 2013 Japan’s Internet e-commerce giant Rakuten is set to purchase Viki, a premium video site that has been described as “Hulu for the rest of the world.” The deal was set to be announced next week, but after I queried the company about it, its CEO, Hiroshi Mikitani (whose nickname is Mickey), confirmed the transaction, although he declined to give the price. That would be $200 million, according…

One Navigation Industry, Two Different Paths
2014년 02월 07일

All navigation manufacturers are facing an increasingly challenging market. While Apple and Google offer built-in or free software in the US, Korean Telecom companies offer even more state-of-the-art navigation software, informing drivers of speed limit zones and locations of traffic enforcement cameras. Despite the similar kind of market pressure in the face of evolving smartphone apps, the navigation manufacturers in the two markets seem to be moving in opposite directions. While American…