SEOUL, April 23 (Korea Bizwire) — LG Innotek Co., an electronic component manufacturing unit of LG Group, said Wednesday its first-quarter net profit tumbled nearly 40 percent due to waning demand and intensifying competition. In a regulatory filing, the company reported a net income of 85.6 billion won (US$60.1 million) for the January-March period, down [...]
SEOUL, April 21 (Korea Bizwire) — Samsung Electronics Co. said Monday its Galaxy smartphone camera technology has contributed to coral reef restoration efforts led by U.S.-based researchers and environmental activists. The company has been conducting the “Coral in Focus” project for about a year in collaboration with the U.S. nonprofit organization Seatrees and the University [...]
SEOUL, April 21 (Korea Bizwire) — South Korean convenience store chain GS25 is turning missed search results into a powerful tool for product innovation, using customer data from its mobile app to identify and launch new alcoholic beverages. GS25 announced Sunday that it has been analyzing “search failure” data from its app Our Neighborhood GS, particularly [...]
SEOUL, April 18, (Korea Bizwire) — Woori Bank has officially entered South Korea’s budget telecom market with the launch of its new mobile virtual network operator (MVNO) service, WooriWON Mobile, which began operations on April 18, 2025. To mark the launch, Woori Bank is offering promotional benefits worth up to 300,000 won for new customers [...]
SEOUL, April 17, (Korea Bizwire) — Samsung Electronics retained its position as the global leader in smartphone shipments in the first quarter of 2025, according to multiple market research firms. However, a separate analysis based on sales volumes placed Apple in the top spot, raising questions about diverging metrics and the impact of U.S. trade [...]
SEOUL, April 15 (Korea Bizwire) — South Korean tech giant Naver has kicked off a month-long campaign aimed at foreign tourists, promoting trendy destinations across the country through its map platform as part of broader efforts to compete with global rivals like Google. The “Be Local” campaign, which began Monday, targets users who set the Naver [...]
SEOUL, April 9 (Korea Bizwire) — After a challenging year dominated by Chinese titles, South Korea’s game industry is showing signs of renewed momentum as a string of high-performing new releases finds success across both mobile and PC/console platforms. According to data from Mobile Index, Netmarble’s RF Online Next, a massively multiplayer online role-playing game [...]
SEOUL, April 8 (Korea Bizwire) — Samsung Electronics has unveiled a major update to its Galaxy S25 series, integrating real-time visual artificial intelligence powered by multimodal capabilities. The new feature allows users to interact with AI by showing, rather than telling — a leap forward in intuitive mobile assistance. According to an announcement from Samsung’s newsroom [...]
SEOUL, April 4 (Korea Bizwire) — South Korea’s leading mobile messenger app KakaoTalk experienced a temporary disruption Friday, just moments after the Constitutional Court announced its decision to uphold the impeachment motion against President Yoon Suk Yeol. A large number of users encountered delays in sending and receiving messages around 11:22 a.m. when the court [...]
SEOUL, March 27 (Korea Bizwire) — The Korea Communications Commission announced on March 25 that it has partnered with Samsung Electronics and the Korea Internet & Security Agency (KISA) to develop an artificial intelligence-based system for blocking malicious text messages, which will debut on the Galaxy S25 series. The new security feature will automatically filter [...]