Korea Times — Daum Kakao, the operator of the nation’s dominant Kakao Talk messaging service, is on track to diversify beyond its mobile platform for further growth. Daum Kakao has enjoyed remarkable success on its home turf with KakaoTalk and more recently launched services such as KakaoTaxi and KakaoPay. But its performance outside the Korean Peninsula has been viewed as underwhelming.
Korea Times — U.S.-based mobile chip giant Qualcomm will invest up to 100 billion won ($90 million) in Korean startups to foster innovation and entrepreneurship in the economy. The decision comes after its executive chairman, Paul E. Jacobs, visited Korea to celebrate Qualcomm’s 30th anniversary and 25 years of relations with Korea.
Korea Times — Daum Kakao, the operator of the mobile messenger app KakaoTalk, launched a mobile search service Tuesday. It said the new service “KakaoSearch” runs on its messenger app and has integrated Daum’s web search engine and its database to help users look up information on their phones and share with others.
China Topix — Korean technology firm Samsung has announced a new technology discovered by its scientists that will allow them to increase the battery life of their phones. Even LG has confirmed to have developed a similar option that will keep the phones working for a longer duration of time. According to a report on The Inquirer, Samsung and LG have confirmed the development of a new technology that will help in extending the battery life of mobile phones.
Market Wired — NEW YORK, NY: China Telecom, India’s Infosys and South Korea’s Samsung Electronics Co.are among the top-ranked companies in Institutional Investor’s inaugural ranking of Asia’s Best Analyst Days. To be successful, an analyst day — or capital markets day, as the events are sometimes called — must provide an opportunity for portfolio managers and sell-side researchers to get to know the executive teams of the companies they cover, learn about their short- and long-term objectives, gain a greater understanding of the business dynamics, and have their questions answered promptly and thoroughly.
Korea Times — Nokia, the global leader in telecom equipment, and SK Telecom jointly opened a research center in Gangnam, southern Seoul, Monday. It will use the facilities, located in the new Nokia Korea headquarters, to develop technology focusing on fifth-generation (5G) networks, Nokia Korea said. Nokia has teamed up with SK Telecom, the nation’s top mobile carrier, to operate the center.
Times of India — KOLKATA: Samsung Electronics, the world’s biggest seller of smartphones, is planning its biggest blitzkrieg of launches in India in the next quarter in a bid to fend off local and Chinese rivals in the mid-segment category. The South Korean company will introduce 10 smartphones in the July-September quarter in the Rs 9,000 to Rs 18,000 segment, where it is embroiled in a fierce battle for market share with Micromax Informatics, Lenovo-Motorola and Xiaomi.
According to a recent report of the Institute for Information & Communications Technology, the number of hardware manufacturers, including those producing electronic components, semiconductor products and equipment, IT hardware, telecoms equipment, and consumer electronics, is on the decline on the list of the global top 100 IT companies based on market caps, whereas that of software, IT services, and Internet service providers is showing a noticeable increase.
According to Korea Information Society Development Institute (KISDI) on June 21, the domestic mobile payment market has shown a steady increasing trend, already exceeding 3 trillion won (US$2.71 billion) in the first half of last year. Domestic payments have steadily increased every quarter from 1.127 trillion won (US$1.02 billion) in the first quarter of 2013 to 2.355 trillion won (US$2.13 billion) in the fourth quarter of the same year. Also, it posted 3.193 trillion won (US$2.88 billion) in the second quarter of last year.
MUMBAI: South Korean electronics player LG today said it expects to double market-share in the mobile phone segment to 10% by the year end on increasing smartphone adoption across price bands in the country. “Our target is to double the marketshare in the mobile phone segment to 10% from the current 4-5%,” LG India’s business head (mobile communications) Deepak Jasrotia told PTI. The handset maker which launched its high-end smartphone ‘LG G4′ here today, said that it expects to meet its targets encouraged by the rapid increase in smartphone adoption in the country.
NEW DELHI: Xiaomi announced a drop of Rs 5,000 on its top-of-the-line Mi 4 smartphone on June 19, four months after its launch. Not to be outdone, Samsung offered a discount of Rs 6,000 on its Galaxy Grand Max but just for one day. These dramatic cuts reflect the intensity of the fight for buyers and the volatile nature of the Indian market, the world’s largest after China. Samsung and Micromax are the top two smartphone sellers in India with a combined share of 48%, although it’s not always clear which one of the two is ahead. But even more hotly contested are the next three slots.
SK Telecom said Thursday it has signed an agreement with RoboBuilder to cooperate in the research and development of robots using 5G communications technology. The agreement calls for SKT and RoboBuilder, a Korean firm specialized in robots, to develop robots and related technologies. The 5G humanoid robot is a concept-robot that shows how the 5G technologies can be used in people’s everyday lives.
5G mobile telecommunications services that are at least 10 times faster than existing ones are expected to be available as early as 2020. The Ministry of Science, ICT and Future Planning (MSIP) announced on June 18 that participants agreed on the draft of the mobile telecommunications vision at the ITU-R WP 5D meeting in San Diego from June 10 to June 18 (local time). It was also decided to set 5G standards by 2020 to realize the vision. The agreement reflects much of Korea’s proposal.
Dominant South Korean chat app KakaoTalk is getting a new feature in which users can view streaming videos together, including live sports broadcasts. KakaoTV is a bit like a virtual TV in a virtual living room. It lets users view and share videos in KakoTalk chat rooms while they comment on what’s being watched. The videos appear above users’ conversations.
Samsung Electronics is building a strategic cooperative network linking South Korea, the U.S., and Europe in order to enhance its competence in the Internet of Things (IoT) sector. Samsung said that it concluded an equity investment contract with Sigfox, a venture company that develops IoT-related equipment and technologies, in Paris on June 15. Samsung did not disclose the scale of the investment, however. Samsung acquired SmartThings, a software company in the U.S., for US$200 million.
KT said Monday that it has succeeded in commercializing the world’s fastest GiGA long term evolution (LTE) mobile network, providing gigabyte (GB) speed to its customers. It said the new mobile network will fasten the era of the fifth generation (5G) network. “The GiGA-LTE service can achieve a peak speed of 1.17 gigabytes per second (Gbps), which is 15 times faster than existing LTE and 4 times faster than the tri-band carrier aggregation (CA),” it said in a statement.
South Korean electronics giant Samsung has just showcased the industry’s first transparent OLED display. The new semi-transparent product has the highest level of penetration, reflexibility, and colour production, and is expected to make a splash in many industries such as cars, marketing and fashion, especially as it combines some of Intel’s ‘augmented reality’ technology. Samsung Display, the division that makes all things screen-related, unveiled the augmented-reality system that combines its skills in OLED displays and Intel’s Internet of Things (IoT) technology at the Retail Asia Expo at the Hong Kong Convention Centre on June 10th.
KT and the Gyeonggi Center for Creative Economy & Innovation (G-CCEI) are supporting Korean start-ups to tap into global markets through KT’s global business networks. Following CommunicAsia 2015, the largest information and communications technology (ICT) exhibition and conference in the Asia-Pacific region being held in Singapore on June 2, KT and the G-CCEI announced on June 12 that it would support three domestic start-ups to participate in Orange Fabs’ International Demo Day held in Paris, France.
KT said Sunday that it has launched a business portal based on its cloud computing system, a move aimed at helping its local business partners save costs and improve efficiency. The “Ucloud Biz Partner Portal” is a platform with its partners for managing systems and checking administrative processes, said company spokeswoman Park Mi-seon. “This system is intended to improve management efficiency. KT will introduce other supportive programs as part of its efforts for balanced growth with partners,” Park said.