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Biz & Tech

Mon, September 27, 2021 | 01:12

Kakao vows to make entertainment unit global content firm in coming years

Internet giant Kakao pledged to foster the group's entertainment affiliate into a global content firm in the coming years, Friday. "Kakao Entertainment's business structure is now complete, with content, music and media sectors," Kakao Executive Vice President Jay Bae said in an earnings call for the second quarter.

2021-08-06 17:05

[ANALYSIS] Kakao criticized for sprawling business expansion

Kakao Corp, the nation's internet giant and operator of Korea's most popular messenger app Kakao Talk, has come under fire for its sprawling expansion into over 100 different businesses by capitalizing on its dominant customer base, which many believe is driving smaller players up against the wall.

2021-08-05 16:56

Samsung still interested in NXP Semiconductor

While some civic groups are questioning the logic of possibly releasing Samsung leader Lee Jae-yong from prison on parole on Aug. 15, Korea's National Liberation Day, in other circles, support for his parole is clearly gaining momentum.

2021-08-05 16:14

Cooperation for digitization

KT CEO Ku Hyeon-mo, left, and Industrial Bank of Korea CEO Yoon Jong-won hold a signed memorandum of understanding, Wednesday. The two will cooperate in fostering firms with innovative and digitally oriented business models. Courtesy of KT

2021-08-04 16:36

Amid Xiaomi rise, Samsung banking on foldable phones

Samsung Electronics has made a major shift in its smartphone business strategy by focusing more on foldable phones, as it seeks to maintain a competitive edge over rapidly-rising Chinese vendors. In less than a decade, Chinese smartphone makers have achieved competitiveness with a diverse lineup of models offered at lower prices. This has had Samsung increasing its focus on p...

2021-08-03 16:40

Samsung asked to keep Intel at bay with investments

Despite Samsung's historic rise to become the world's largest semiconductor company, bypassing Intel in terms of revenue in the second quarter of this year, Samsung Electronics has “no time” to remain complacent over its latest achievement, according to officials, Monday.

2021-08-02 17:15

Samsung ready to ride on BTS effect to market new foldable phones

Samsung Electronics is aiming to improve the brand awareness of its new foldable phones after hiring K-pop band BTS to appear in advertisements for the new devices, scheduled to be unveiled next week.

2021-08-01 16:38

Microsoft Korea holds online job fair for hybrid working era

Microsoft Korea introduced its organizational culture and various positions in the company through its Teams business communication platform, Friday, for jobseekers here who are looking for regular jobs and internship openings.

2021-08-01 12:19

One Store positioned to benefit from Google Play Store situation

Developments are ongoing at the National Assembly to pass a bill that will ban Google from requiring media content app developers on Play Store to pay a 30 percent fee for using its payment system. The bill intends on protecting local app developers from being forced to pay a hefty fee by the monopolizing app market operator.

2021-07-30 16:24

Self-made Kakao founder becomes Korea's richest person

The self-made founder of Kakao has become the country's richest person, backed by stock gains this year, according to the Bloomberg Billionaires Index. Bloomberg reported that Kakao Chairman Kim Beom-su, 55, has a net worth of $13.4 billion (15.4 trillion won), which places him at the top of Korea's wealth rankings. Following him is Samsung Electronics Vice Chairman Lee Jae-y...

2021-07-30 15:00

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