IT, Telecommunications

iPhone 6s hits store shelves in Korea

Apple Inc.’s two latest smartphones went on sale in South Korea on Friday, with the industry poised to keep close tabs on the market for possible overheating on the retail front. The country’s three major mobile carriers — SK Telecom Co., KT Corp. and LG Uplus Inc. — released the iPhone 6s and iPhone 6s Plus for sale via their respective retail stores nationwide. The iPhone 6s is available for 720,000 won ($635) for the 16GB model and 1.14 million won [...]

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‘Korea seeks key role in tackling global challenges’

South Korea has made economic strides in just around six decades since the 1950-53 Korean War, which left the nation in tatters, thanks largely to the concerted efforts of the government, researchers and businesses to grow the science and technology sectors. Science and technology ministers, policymakers and officials from international organizations will discuss how to overcome the lingering global economic woes and other global issues including climate change and poverty during the Organization of Economic Cooperation and Development Ministerial Meeting [...]

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Galaxy S7 to Have Enhanced Sound Quality

According to China-based IT news site MyDrivers on Oct. 18 (local time), the Galaxy S7 will feature the SABRE 9018AQ2M, which was released by ESS Technology early this year. Hi-fi digital music is close to its analog counterpart, and its sound quality is 6.5 times as good as that offered by CDs. Hence, it is popular among music lovers. The 9018AQ2M, an upgraded version of the ES9018K2M, has a 129 dB signal-to-noise ratio and supports formats like PCM or DSD up to 32-bit and [...]

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Oracle eyes Korea for HR software growth

U.S. software giant Oracle on Thursday pinned high hopes on Korea for the growth of its human capital management software Oracle HCM, which is widely being adopted by global companies. “Companies share similar human resources planning systems globally these days. But two countries — Korea and Japan — are still slow to adopt the standardized systems possibly due to their rigid corporate cultures,” said Pyun Chong-hwan, vice president of applications business at Oracle Korea during a media event held at [...]

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IT industry rises as major pillar of Korean economy

Along with the steel, automotive and shipbuilding sectors, the IT industry has served as a locomotive that has driven South Korea’s economy for decades. At the forefront of South Korea’s IT scene were electronics businesses run by conglomerates including Samsung Electronics, LG Electronics and Daewoo Electronics (now Dongbu Daewoo Electronics owned by Dongbu Group). Having produced the nation’s first transistor radio in 1959, LG, then called Goldstar, was a pioneer in the domestic home appliance market: It rolled out Korea’s first [...]

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Korean Government to Nurture 50 Globally-competitive Software Companies by 2017

The Korean government will provide greater R&D assistance for promising software developers. The Ministry of Science, ICT and Future Planning announced on April 12 that it carries out the K-ICT Software Global Leading Strategy to this end. The plan is to select eight fields for the development of basic software technology, including operating system development and intelligence software development, and turn 25 college labs into Software Star Labs by 2017 for assistance for up to eight years. In the field of [...]

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300 Global Companies to Study Korean IT Success Cases at 2015 Global Mobile Vision Conference

The South Korean Ministry of Trade, Industry and Energy (MTIE) and the Ministry of Science, ICT and Future Planning (MSIFP) will hold the 2015 Global Mobile Vision (GMV) from Sept. 16 to 18 at KINTEX in Goyang, South Korea, according to a KINTEX representative. The eighth GMV will be double the size of last years’. The Korea Trade-Investment Promotion Agency (KOTRA) has invited 300 companies in order to support South Korea’s export of mobile and information technologies, the KINTEX representative [...]

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South Korea e-commerce sales hit $237B

Growth in business-to-business (B2B) transactions helped boost South Korea’s online commerce market to reach 279.4 trillion won (US$236.9 billion) in the first quarter of 2012. The Yonhap News Agency, citing a government report from Statistics Korea, reported on Friday that the combined sales of local online retail malls and other businesses reached 279.4 trillion won (US$236.9 billion), which represented a 26.5 percent increase from the same time last year. It is also the second-largest transaction size ever, second only to [...]

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