Technology News
Despite Being The Most Wired City, Seoul Lags in The ‘Networked Society City Index’
2014년 11월 13일

Networked Society Lab published their “Networked Society City Index” report measuring the ICT maturity of the world’s major cities at the 2014 Business Innovation Forum recently held in Stockholm, Sweden, reported Business Korea. Stockholm, Sweden ranked number one and Seoul ranked 12th in the penetration and usage rates of information and communications technology. For the study 40 major cities around the world were indexed. The study evaluated the quality of each cities’…

Has Samsung Finally Realised Growth Can’t Be Achieved Without Robust M&A Strategy?
2014년 11월 05일

As reported by Business Korea, Samsung Electronics has begun to emerge as a player in the global M&A market. In just the last six months the electronics giant, most known for its smartphones, has purchased four foreign companies. The new and aggressive M&A strategy has been adopted to counter profit slumps blamed on falling demand for Samsung’s old cash-cow, smartphones. Recent industry reports suggested that Samsung has acquired caching company Proximal Data in…

Kakao Launches Kakao Pay With LG CNS – A New Era For Online Payments?
2014년 09월 05일

Kakao, the provider of KakaoTalk, a mobile messaging application and global mobile social platform, in partnership with global IT service provider LG CNS, has announced the launch of KakaoPay, a new mobile payment option for KakaoTalk users in South Korea. With over 93 percent of smartphone users in Korea currently using KakaoTalk, the new service is expected to provide a significant boost to Korea’s growing e-commerce industry. Kakao’s latest venture into the e-commerce/mobile payment space underscores…