Apple Inc. said Monday it will open a new store in South Korea, expanding its presence in the country dominated by local tech giant Samsung Electronics Co. Apple said on its homepage that it will soon open a new store in Yeouido, western Seoul, its second official store in the country. Despite the US tech giant's popularity in the local market, it currently operates one official store in South Korea in southern Seoul. Apple's new iPhone 12 series has sold around 600,000 models since its launc

Apple Inc.'s iPhone 12 models have drawn a keen response in South Korea, with sales of the newest models estimated to be some 600,000 here since their launch late last month, industry sources said Monday, almost on par with the feat of Samsung Electronics Co.'s flagship models. The country's three major carriers -- SK Telecom Co., KT Corp. and LG Uplus Corp. -- are estimated to have sold around 500,000 iPhone 12 series models since Oct. 30, according to the sources. Considering that unlocked m

What is next Samsung’s move? Will it take advantage of other deals?

LG Uplus, the third-biggest mobile carrier by subscriptions in South Korea, said Sunday that it has created a division for new businesses that it hopes will propel the company’s growth. The telecom company said it has decided to combine small business units scattered across the organization -- covering areas ranging from smart health to security, education, advertising and data -- and form one group that will be the carrier’s core unit for new growth. It was part of the first org

South Korea's COVID-19 pandemic response was highlighted in a report compiled by the Organization for Economic Cooperation and Development (OECD), the ICT ministry said Friday. The OECD included South Korea's use of technology to combat the pandemic this year in its Digital Economic Outlook report, such as the country's mobile application that monitors those under quarantine and its epidemiological investigation system, according to the Ministry of Science and ICT. The report shares policy mea

South Korean telecom giant KT Corp. said Friday it will invest 9 billion won ($8.1 million) over the next three years to reduce its reliance on overseas suppliers amid the pandemic. KT said it will make the investment until 2023 to help its local suppliers manufacture homegrown materials and parts for equipment used by the telecom operator. The move comes as KT seeks to strengthen partnerships with local companies as uncertainties from the COVID-19 pandemic weigh on global supply chains. The

LG Electronics, a major home appliance maker in South Korea, on Thursday said it will set up a new business unit in the United States to seek future growth opportunities. LG's North American Innovation Center will be based in Silicon Valley, California, with the task of exploring new business opportunities and cooperating with leading tech firms there, the company said. Rhee Sokwoo, who served as an associate director at the US National Institute of Standards and Technology (NIST), will head

South Korean telecom operators are targeting wider market penetration of cloud gaming services by expanding availability, industry officials said Thursday, amid strong demand from mobile gamers. The country's three major carriers -- SK Telecom Co., KT Corp. and LG Uplus Corp. -- have in recent months opened up their subscription services that stream console games on smartphones to other carrier users and networks. Last week, LG Uplus expanded its 5G cloud gaming service GeForce NOW's availabil

South Korean mobile carrier KT said Thursday the company’s Internet Protocol television service is now available in Thailand, marking the first export case of IPTV platform technology to a foreign country. Dubbed the “3BB GIGA TV,” KT’s IPTV platform combined with over-the-top media service is being made available in the Southeast Asian country staring Thursday under a 24 billion won ($21.7 million) deal. KT worked with 11 local partners over the past 15 months via

  SK Telecom announced Thursday the mobile carrier’s shareholders approved the spinoff of its mobility business unit as part of enhancing the carrier’s future mobility solutions. Approved by 99.98 percent of its shareholders, a new mobility business dubbed as T Map Mobility will be established on Dec. 29 as a wholly owned subsidiary. The unit has been operating SKT’s T Map service, the largest mobile navigation service whose users doubled from its rival Kakao’

South Korea will start to unveil more digital services, from mobile identification to artificial intelligence (AI) doctors, as the pandemic limits face-to-face contact, the ICT ministry said Thursday. The Ministry of Science and ICT said it has named key services to support for digital transition amid the pandemic, including rolling out mobile identification for public servants from this year and mobile driver's licenses from next year. The ministry said it will also pursue a test service for

Samsung Electronics Co. maintained the top spot in the Western Europe smartphone market in the third quarter of the year, a report showed Thursday, despite sales decline. The South Korean tech giant shipped 10.3 million smartphones in Western Europe in the July-September period for a 35.6 percent market share, according to industry researcher International Data Corp. (IDC). The figures were slightly down from a year ago when the company shipped 11 million smartphones for a 35.8 percent marke

SK Telecom Co., South Korea's leading wireless carrier, unveiled Wednesday a new artificial intelligence (AI) semiconductor for data center operations, expanding its business to the semiconductor market. The new SAPEON X220 is the first AI chip developed by the mobile carrier and also the country's first AI chip for data centers. SK Telecom said its new semiconductor will target the global AI chip market set to grow to 50 trillion won ($45 billion) by 2024, citing data from market researcher

Samsung Electronics Co. was the top vendor in the Europe, Middle East and Africa (EMEA) smartphone market in the third quarter of the year, a report showed Wednesday, despite sales decline. Samsung shipped 29.6 million smartphones in the EMEA market in the July-September period for a 31.8 percent market share, according to industry researcher International Data Corp. (IDC). The figures were slightly down from a year ago when the company shipped 31.6 million smartphones for a 34.7 percent mar

Samsung Electronics Co. remained the second-largest smartphone vendor in Canada in the third quarter of the year but narrowed its market share gap with Apple Inc., a report showed Wednesday. The South Korean tech giant took a 33 percent market share in the July-September in Canada, up from 32 percent a year ago, according to industry tracker Counterpoint Research. Apple kept its top status in Canada, accounting for a 53 percent share in the third quarter of the year, down from 56 percent a ye