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The Korea Herald

Mobile & Internet

August 19, 2019
5G adds connectivity to baseball

KT aims to bring next-gen mobile technology to global sports market The new 5G telecom network, which is 20 times faster than 4G, is expected to change many aspects of our lives -- how we communicate, drive, work, shop and more. Although the technology is still a long way from taking off, it is a...
August 18, 2019
SKT ‘opens virtual zoo’ in Seoul

South Korea’s biggest mobile carrier SK Telecom , on Aug.16 began providing augmented reality images of animals at public parks in Seoul as part of its efforts to boost the popularity of its advanced mobile network. Those visiting Olympic Park and Yeouido Park can see AR images of animals runni...
August 18, 2019
KT launches epidemic prevention app in Ghana

Korean telecom company KT said Aug.18 it has launched a mobile application to help prevent epidemics in Ghana, Africa. Called the Global Epidemic Prevention Platform, the app allows users to access information on epidemic diseases. It supports three functions: GEPP Public, GEPP Clinic and GEPP G...
August 08, 2019
Despite criticism, Kakao sees boosted numbers in Q2

Despite criticism on the overt commercialization of its platform, Kakao Corp., the operator of South Korea’s leading mobile messenger KakaoTalk, proves it is worth it. The company on Aug. 8 said its revenue grew 24.5 percent in the second quarter from a year ago to 733 billion won ($605 million)....
August 08, 2019
Korea’s 5G subscribers surpass 2 million in 4 months

The number of 5G subscribers in South Korea surpassed the two million mark four months after the commercial launch of the ultrafast network, industry data showed on Aug. 8. Users of 5G mobile plans by three carriers -- SK Telecom, KT and LG Uplus -- reached 2.01 million on Aug. 5, topping the t...
August 07, 2019
WeMade turns profitable, share price jumps

WeMade Entertainment, a South Korean game developer best known for The Legend of Mir, said it turned profitable in the second quarter, backed by growing income from royalties. The company’s sales rose 22 percent on-year to 33.9 billion won ($27.9 million) while operating profit soared more than 3...
August 07, 2019
KT’s net profit down 33% in Q2

Telecom operator KT said on Aug. 7 its net profit sank 33.4 percent in the second quarter from a year earlier as it ramped up spending on its 5G network and marketing. The South Korean telecom provider posted 139.7 billion won ($115 million) in net profit in the April-June period, compared with...
August 04, 2019
Tech firms expand mobile payment services offline

Seeking to introduce a series of advanced mobile payment services targeting the offline market this year, tech companies are upping heated competition over the smartphone-based payment market here. South Korea’s dominant internet portal Naver said last month that it would soon launch a mobile pay...
August 01, 2019
Line gets approval for internet bank in Taiwan

Line Corp. has obtained approval from authorities for an internet-based bank in Taiwan, according to the operator of popular messenger Line on Aug. 1. Taiwan’s Financial Supervisory Commission granted an internet banking license to Line Bank Preparatory Office, a consortium of seven partners, on ...
July 25, 2019
Big tech firms in S. Korea see profits slide in Q2

Faced with neck-and-neck competition and trade conflicts between global economic powers, South Korean IT giants saw their profits tumble in the April-July period. Naver announced on July 25 that its operating profit came in at 128.3 billion won ($108 million), down 48.8 percent on-year while its ...
July 24, 2019
DoubleUGames’ sales, operating profit hit 3-year high

South Korea’s social casino game developer DoubleUGames said its operating profit rose 16.5 percent in the second quarter on-year. The company recorded 40.3 billion won ($34.30 million) in operating profit and 129.9 billion won in sales, up 9.4 percent. These figures were record-high quarterly fi...
July 24, 2019
Korean carriers set to deliver gloomy Q2 earnings amid 5G competition

South Korea’s telecom operators are expected to have posted downbeat earnings in the second quarter despite robust sales due to their cutthroat competition to attract 5G subscribers, analysts said on July 24. The combined sales of the three carriers -- SK Telecom, KT and LG Uplus -- are estima...
July 22, 2019
Payco becomes first S. Korean mobile payment available on YouTube

NHN Payco said on July 22 that its Payco Point payment solution will be available on video streaming service YouTube, marking the first partnership between a South Korean mobile payment solution firm and the US streaming giant. NHN Payco’s solution was introduced in app store Google Play as a pay...
July 18, 2019
S. Korea proposes its 5G tech to ITU for global standards

South Korea has proposed that the International Telecommunication Union adopt its 5G technologies as global standards, the country’s Science Ministry said on July 18. The ministry said it has asked for some of the wireless connection and broadband technologies used in the country’s 5G service...
July 16, 2019
Netmarble shares weighed down by double whammy

For South Korea’s leading mobile game maker, Netmarble, when it rains, it pours. When it came out with BTS World, a story-based mobile game in which players become BTS’ managers -- responsible for growing the K-pop band and promoting its music -- the market got excited. When Beijing granted lice...

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