SparkLabs, one of Korea’s leading accelerators, has signed a partnership agreement with the company behind South Korea’s $35 billion Songdo International Business District to launch their new Internet of Things (IoT) Accelerator in Songdo in early 2015. Songdo International Business District (Songdo IBD) is a $35 billion “smart” city built on 1,500 acres (6 sq km) of reclaimed land.  Located adjacent to Incheon International Airport on the western coast of the Korean…

The growth of South Korea’s smart connected device market is expected to turn negative this year for the first time from growing market saturation, data showed on Tuesday. According to the data compiled by market researcher IDC Corp., the country’s smart connected device market, which includes smartphones and tablet PCs, is estimated at 21.85 trillion won (US$20.78 billion) for the year, down 7.9 percent from a year earlier. In terms of volume,…