Korean News
Korean Online Powerhouses, GS and CJ Aim to Shore Up Their Domestic Position, Launch E-Book Service
2014년 01월 09일

The e-book industry is hoping that Korea’s large enterprises will boost domestic demand, prior to market entry by large-global companies including Amazon and Kobo. According to the industry, GS Home Shopping will start its e-Book service next month with ‘Tabon Books’. CJ HelloVision has already introduced an integrated e-Book and Internet service, at the end of 2013. GS Home Shopping is scheduled to embark on an e-book business to target both domestic…

Amazon Set To Battle It Out With Korean E-Commerce Channels in 2014
2014년 01월 09일

It was recently reported that Amazon plans to enter the Korean e-commerce market in 2014, potentially posing a major threat to existing domestic services and promising to further globalize the online shopping experience that has until now been dominated by domestic players. “As far as I know, Amazon is currently preparing to enter the Korean market,” an industry source said, adding that local companies are gearing up for a possible showdown with…

Samsung & LG Battling at CES Next Gen. Smart Gadgets
2014년 01월 07일

South Korea’s tech giants are battling it out at this week’s Consumer Electronics Show (CES) in Las Vegas, promoting their cutting-edge “smart” products. A total of 3,200 global players will showcase at one of the largest tech shows on earth Jan. 7-10, demonstrating how they aim to change our digital future. First round seems to have gone to Samsung, with their Smart Home solutions, which have out-shone LG’s Smart TVs, for now….

Korea’s LTE-A, Leading The Future Of Mobile Broadband
2014년 01월 03일

LTE-A will shape our mobile broadband future, has been all over the Korean tech news for a while, and has huge scope to grow, from current download speeds of around 45Mbps to up to 300Mbps. I thought it worth taking a look at where it is now and where it is heading in the next 12 months. For additional information please access the links in the text. Basic Facts: LTE was first…

Korea’s Tech Start-ups Report Improved Results Last Year
2014년 01월 02일

According to a recent report Korea’s tech start-ups enjoyed positive growth in sales, operating profits and net profits alike in 2013, which will give President Park’s government a boost as they conclude their first year in office, and a year that saw a surge in government involvement with the tech startup community in Korea. According to the report startup’s average sales amounted to 6.72 billion won last year, with their average operating…

Korean Startup Enkino is chasing the next frontier of advertising – smartphone homescreens
2014년 01월 02일

Post written by Terence Lee at TechInAsia: Facebook is perhaps the most engaging app in the world, with 1.15 billion monthly active users and a staggering average daily usage of 20 minutes. But if there’s something people look at more than the social network, it’s probably their smartphone homescreens. That’s what EnKino, a startup out of South Korea, is counting on. It wants to turn homescreens into advertising space that can be sold to brands…

Naver & Daum Self-Administer Financial Punishment For Abusing Market Position
2014년 01월 02일

Naver and Daum have made a tentative decision to shell out millions of dollars as a form of self-penance for abusing their market dominance in Korea’s internet portal industry, according to the Fair Trade Commission yesterday. As we have reported several times recently their has been concern voiced about the increasing dominance of the two companies in the Korean internet search market. The money will be spent in ways that benefit Internet…

Planning A Global Business Expansion Mission To Singapore? Make Your Time Count
2013년 12월 30일

This year I have been on a record number of business trips overseas, some solo and some with Korean startups. All with the aim of brokering closer international business ties and developing startup success across boarders. I have learned a lot and would like to share some tips from my experience to help you make the most of what can be expensive mistakes if you are not prepared. This post was inspired…

A Great Year For The Korean Contents Industry, Turning Deficit To Profit
2013년 12월 27일

Korea’s contents industry exports, centering on gaming, is forecast to exceed $5 billion for the first time, an increase of over 10.% on last year. Sales in the sector are also expected to increase by 4.9% from last year, to KRW 90 trillion. The gaming industry will fuel this growth, with figures up 9.9% on last year and is likely to account for 60% of total contents industry exports from Korea in…

4 Hot News Items From The Korean Tech Big Boys, Samsung and LG
2013년 12월 27일

Samsung’s 4Q Operating Profit Likely to Fall Short of 10Tn Won Target Amid predictions that Samsung Electronics’ fourth-quarter operating profit will likely to fall short of their target of 10Tn won, the company’s stock price of Samsung Electronics hit a downward slope. Market watchers also predicted that this down-trend would continue into the first quarter of next year. According to financial information provider FnGuide on December 26, the consensus figures for Samsung…

Mobile Couple App Between Hits 5 Million Downloads, Releases Version 2.0 As Part Of Global Expansion Strategy
2013년 12월 20일

South Korea, 20 December 2013 – Leading mobile couple application, Between, today announced that it has crossed the 5 million global downloads milestone. This announcement comes together with the launch of Between 2.0, the first major update since its official release in March 2012, as the company continues its push into the global market. South Korea is currently Between’s strongest market, with 60% of downloads coming from the country. Japan and China…

South Korea’s Smartphone Market Nears Saturation
2013년 12월 19일

The growth of South Korea’s smart connected device market is expected to turn negative this year for the first time from growing market saturation, data showed on Tuesday. According to the data compiled by market researcher IDC Corp., the country’s smart connected device market, which includes smartphones and tablet PCs, is estimated at 21.85 trillion won (US$20.78 billion) for the year, down 7.9 percent from a year earlier. In terms of volume,…

Korean Smartphone Market Set to Heat up as Autumn Temperatures Cool
2013년 10월 14일

Who will come out as a winner in the new autumn version of the smartphone battles? Autumn 2013 will see a string of new smartphone releases, with the race already on. ‘Vega Secret Note,’ the ‘Galaxy Round,’ the ‘iPhone 5S’ and the ‘Vu 3’ will all be released in short succession over the next few months, with an advantageous position in the lucrative Korean market going to the victor. A fierce marketing…

Uber Partners with Korean Couples’s Mobile App Between, To Gain Korean Users
2013년 10월 08일

Luxury car booking service Uber launched in South Korea this summer, and this week they have teamed up with one of Korea’s hottest startups, Between, in order to leverage the companies extensive user network of couples, particularly in the Seoul metropolitan area which has a population of almost 24 million. Between started life as  a messaging app for couples, but is now looking to start generating revenue, having ac quired over 4 million users,…

Samsung Q3 Operating Profit Estimated at $9.4Bn / Apple Has More Cash Than They Can Handle
2013년 10월 07일

Samsung Electronics achieved a record-high performance in the third quarter of this year. Unlike market expectations that the growth of its smartphone business would slow, Samsung sustained a record-breaking pace in smartphone sales. Moreover, its semiconductor and telecommunications business, which slipped to supporting roles, reemerged as one of main actors. The most striking feature in the third-quarter results released by Samsung on October 4 is that its operating profit reached 10.1 trillion…

Five Essential News Bites From The Korean Startup Scene This Week
2013년 10월 02일

K-Cube Ventures invests $500M won in Mobile Beauty Content Company “Seed Paper” Seed paper shares practical beauty tips for its users through its mobile lifestyle content platform. The service is linked KakaoTalk Plus Friend, which is a premium service from Korea’s top mobile messaging platform, KakaoTalk. Well-known experts in the field of beauty and cosmetics, including Hong Cha, Saem-Mul Jung, and Hyun-Cheung Woo, provide practical tips through the service, which includes tips…

4 Working Hours Per Day, In The Name Of Innovation: New Samsung Work Policy
2013년 10월 01일

Samsung is clearly taking its drive for innovation seriously, in order to compete with the likes of Apple and to cement its position as global tech / electronics leader. After spending $1Bn on a new innovation center in Silicon Valley, the tech giant is now set to introduce a radical new work policy in Korea, to spur creative thinking. Samsung will adopt a four-hour flexible working system company-wide on the condition that…

Korea’s Power As A Global Leader In The Display Market Remains Undiminished
2013년 10월 01일

  For a number of years Korea has been firmly established as a global production base for core display materials. This is partly due to intense competition in the industry between the two domestic heavyweights LG and Samsung. Chinese display makers are making aggressive investments in the sector, but investments in the materials and components for next-generation display are still concentrated in Korea, and China has some way to catch up the…

Korean Tech Giant, Samsung, Settles Patent Disput With Little Brother, LG
2013년 09월 30일

LG Display and Samsung Display Co. have settled their longstanding quarrel over their display technology as the world’s two biggest display makers face growing competition from Chinese rivals and an industry slump, industry sources have claimed. LG Display and Samsung Display have been locked in a legal battle over organic light-emitting diode (OLED) and liquid-crystal display (LCD) technology following probes into an alleged technology leak from Samsung Display to LG Display last…

Korean Tech Giant NHN To Establish $45M Fund To Support Venture Startups
2013년 08월 05일

NHN will invest a total of 100 billion won ($90 million) to launch a mutual growth fund that will help smaller local content providers and establish a sounder cyber ecosystem, the company said Monday. It is part of the firm’s set of measures introduced to ensure mutual growth with small IT firms and venture startups. Under the plan, the operator of the nation’s dominant Web portal Naver will spend 50 billion won…