Samsung releases ‘Galaxy Round’, the first phone with a curved display   The new “Galaxy Round” phone from South Korean tech giant Samsung Electronics will make its debut in the domestic market this week, the nation’s top mobile operator SK Telecom said Wednesday. The most prominent feature of the latest Galaxy series phone is its curved display. It also features a 5.7-inch screen, the same as the Galaxy Note 3, with a…

Samsung Electronics achieved a record-high performance in the third quarter of this year. Unlike market expectations that the growth of its smartphone business would slow, Samsung sustained a record-breaking pace in smartphone sales. Moreover, its semiconductor and telecommunications business, which slipped to supporting roles, reemerged as one of main actors. The most striking feature in the third-quarter results released by Samsung on October 4 is that its operating profit reached 10.1 trillion…

Samsung is clearly taking its drive for innovation seriously, in order to compete with the likes of Apple and to cement its position as global tech / electronics leader. After spending $1Bn on a new innovation center in Silicon Valley, the tech giant is now set to introduce a radical new work policy in Korea, to spur creative thinking. Samsung will adopt a four-hour flexible working system company-wide on the condition that…

  For a number of years Korea has been firmly established as a global production base for core display materials. This is partly due to intense competition in the industry between the two domestic heavyweights LG and Samsung. Chinese display makers are making aggressive investments in the sector, but investments in the materials and components for next-generation display are still concentrated in Korea, and China has some way to catch up the…

As Korean President Park Geun-hye pushes to promote fair competition in the Korean economy (currently dominated by a small number of family-run conglomerates), the country’s number one internet company, Naver, has been coming under fire again for allegedly abusing its power.   Startup “Memo This” developed a service that allows users to stick memos on any website for use by anyone who vistits the site at a later date. The theory is…

LG Display and Samsung Display Co. have settled their longstanding quarrel over their display technology as the world’s two biggest display makers face growing competition from Chinese rivals and an industry slump, industry sources have claimed. LG Display and Samsung Display have been locked in a legal battle over organic light-emitting diode (OLED) and liquid-crystal display (LCD) technology following probes into an alleged technology leak from Samsung Display to LG Display last…

Korea was the first nation where online gaming was a lucrative career. And, having lived in Korea for five years, I have seen the huge potential in the online gaming market here, which attracts gamers to “PC Rooms”, like the one below, 24 hours a day. But, surprisingly, Korean produced games are now losing the fight against foreign competition. It has been claimed recently that Korea is losing its reputation as an…

Korean Internet users are adopting mobile faster than any other country in the world and the number of mobile users of key Internet services like Facebook and YouTube is increasing explosively. According to Facebook 90% of 11 million Korean users who access Facebook at least once a month (MAU) access their Facebook accounts on mobile devices. This figure is far higher than the global Facebook average of 71%. The global Facebook MAU…

Visumé is a new kind of resume and portfolio management tool with a visual and mobile approach. Whilst LinkedIn is stiff and rigid, Visumé targets a more creative audience, namely designers and artists. In times of globalization and the rise of mobile connectivity, and in a climate when more people than ever are freelancing, Easyworks Universe saw the need for a better way to connect individuals and their prospective employers. “The brilliance…

Large corporates, particularly Korean large corporates, have often been charged with the slogan that, “big companies don’t innovate”. That’s a statement Marc Shedroff, VP at Samsung’s Open Innovation Center in Silicon Valley, disagrees with. Samsung, which now has a $1Bn R&D operation in the heart of Silicon Valley, is pushing hard to convert new ideas into innovative products in an increasingly tough market (primarily phones & tablets). The company spends over $10…

With Vine and Instagram dominating the image and video sharing market, is there enough room for another player? Korean startup AHIKU thinks their app Bb has a chance. But with a plethora of photo and video apps coming out of Asia, Ahiku is facing a tough battle to make a stand in the market. However, with a small team and low overheads combined with existing partnerships with companies such as KT, STP…

Stuck at work doing overtime, and not able to get home to feed your pet? No need to worry, just pick up your smartphone and at the press of a button you’re able to dispense food from SinglePet’s hardware at home. The service even allows pets and their owners to interact through a live video stream direct to a mobile handset, whenever and wherever they are so that you easily can check…

Don’t want to be one of THOSE couples? You know the sort, always sending cute messages to each other’s Facebook wall, cluttering your newsfeed with annoying content that really should only be between the two lovebirds. If so, smartphone app Between is something for you. Created by Korean Startup VCNC, Between is a SNS just for two. It provides a private space for all lovers to communicate and share their beautiful memories…

iamschool is a Korean startup dedicated to improving communication within the often-outdated education market. With their tagline “Easier Communication, Better Education” the startup, run by parent firm iamcompany, believes that learning can be improved with improved communication and feedback mechanisms between students, parents and the educational institution. For this purpose, iamschool has developed a platform that enables these key stakeholders a means to communicate and collaborate, with the end goal of improving efficiency and…

NE Asian messaging apps are the talk of the town with Japanese Line and Korean KakaoTalk reporting promising user acquisition and now Chinese WeChat (known as “Weixin” in China) rapidly expanding outside its native boarders. Chat app messaging last year overtook SMS texts as the preferred way to send text messages with a staggering 19 billion messages sent in 2012 compared to 17B SMS texts, according to research firm Informa. In the…

Zuckerberg (center) walks into Samsung Electronics’ building to meet with executives of the Korean tech giant. Samsung We wrote earlier that the CEO of Facebook, Mark Zuckerberg will be in Korea (read the article here). The meeting with the Vice Chairman of Samsung Electronics, Lee Jae-yong was one of the key points in Zuckerberg’s short itinerary in Korea. It was speculated that he will be visiting President Park Geun-Hye – but he had also…

We wrote previously about the current situation in the South Korean startup ecosystem. We said that the global startup capital is declining whereas the Korean venture world is seeing more fundings, more startups, and more enthusiasm. The rise of startups in Korea really started with KakaoTalk i n 2010, and since then we have seen $191 million US dollars raised in Korea (in 2013, up from $189 mil in 2012), and increase…

Facebook’s Co-Founder and CEO, Mark Zuckerberg will visit Korea at the end of this month, according to Yonhap News. Seeing that Bill Gates and Larry Page visited Korea recently, it seems likely that Zuckerberg, too, will discuss the future of IT with the Park administration. People are speculating that he will visit Cheongwadae (the presidential residence in Korea, or the ‘blue house’) at the end of June. He will be spending about…

  KT Will Spend $2.65B Upgrading Network And Create Jobs Remember how KT said they set up a fund of USD 132 million by 2017 to help smaller and mid-sized firms in Korea earlier on this year? Well, according to Yonhap News yesterday, they will spend KRW 3 trillion (approximately USD 2.65 billion). KT is more ambitious than we thought. That means that the south Korean telco is spending approximately half of the USD 5.3 billion…

Good thing the Koreans went for the fiber early. South Korea dominates the top lists when it comes to broadband, according to latest edition of Akamai’s State of the Internet report for the three months ending December 31, 2012. The quarterly State of the Internet report puts the South Korean city of Daegu at the top of the 100 fastest cities. Here are some highlights from Akamai’s official press release: Global On…