korea

  • Samsung posts another record profit thanks to its chips business

    Samsung posts another record profit thanks to its chips business

    Samsung posted another record quarter, and it again has its components business to thank for more stellar results. The Korea tech giant shrugged off scandals, which include a jail sentence for its de facto leader and last year’s Note 7 saga, to record a 14.53 trillion won ($12.92 billion) profit for the recent Q3 2017 period. Revenue came in at 62.05 trillion won ($55.18 billion), up… Read More

  • Samsung’s new connected tags monitor pets or kids for a week on a single charge

    Samsung’s new connected tags monitor pets or kids for a week on a single charge

    Samsung has something worth your time if you like to keep tabs on kids, pets or other cherished items. The Korea electronics giant just announced Connect Tag, a small internet-enabled device that tracks location and lasts a week between charges. In other words, this is a similar offering to existing electronic tagging devices from the likes of Tile, the U.S. startup that pulled in $25… Read More

  • First China, now South Korea has banned ICOs

    First China, now South Korea has banned ICOs

    South Korea has banned ICOs, the up-and-coming method of raising funding via crypto tokens, due to concerns over the potential for financial scams. China’s Central Bank became the first to outlaw ICOs, which are also known as token sales, in a move made earlier this month and now Korea is following suit. Companies from across the world have raised more than $1.8 billion this year to… Read More

  • LG launches a mobile payment service in Korea

    LG launches a mobile payment service in Korea

    LG announced plans for its own mobile payment service way back in November 2015, and today it finally went official with the launch. The LG Pay service is initially limited to the G6, LG’s flagship smartphone, via a software update, but it is only available in Korea. There is launch support for cards from Shinhan Bank, KB, BC and Lotte, and LG plans to cover all of Korea’s card… Read More

  • Games firm Netmarble to raise $2.35B in Korea’s largest IPO since 2010

    Games firm Netmarble to raise $2.35B in Korea’s largest IPO since 2010

    Netmarble, one of the world’s top mobile and PC gaming firms, has filed to raise as much as $2.35 billion (2.66 trillion won) through an IPO in its native Korea. The firm said in a filing [in Korean] that it will issue 16,953,612 new shares priced between 121,000-157,000 KRW each (that’s approximately $108-$140) with a view to raising up to 2.66 trillion won ($2.35 billion). Read More

  • Korea’s AIM raises $1.6M for its mobile trading service

    Korea’s AIM raises $1.6M for its mobile trading service

    Seoul-based startup AIM has closed $1.6 million in seed funding to bring its artificial intelligence-powered app for financial investments to market in Korea, and potentially other parts of Asia. The fintech company has developed a system which works alongside existing investment institutions to allow users in Korea to make trades and investments via their smartphone. So rather than a… Read More

  • Pokémon Go is finally available in South Korea

    Pokémon Go is finally available in South Korea

    Many may have stopped playing Pokémon Go, last year’s smash hit mobile game, but fans in Korea are just getting a taste of the action after it launched in their country today. That’s right, this summer’s sensation is finally (officially) on Korean soil some six months after much of the rest of the world got into the title. The launch in Korea has been a complicated… Read More

  • Prosecutors in Korea want to arrest Samsung’s leader on bribery charges

    Prosecutors in Korea want to arrest Samsung’s leader on bribery charges

    Samsung is still getting over the Galaxy Note 7, but already an investigation into alleged bribery in its native South Korea is threatening to plunge it into yet another crisis. Read More

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