Asia’s first cross-industry conference to be held in October in Seoul

From electronics makers to automotive manufacturers, businesses from more diverse backgrounds are jumping in the Internet of Things sector utilizing the fast network infrastructure. Hans Vestberg, president and chief executive of ICT infrastructure developer Ericsson, said that such increasing participation of different market players would create a bigger “opportunity” down the road. Ericsson CEO Hans Vestberg (right) and Arun Bansal, head of the Swedish firm’s business unit radio division atte

Payment system developer Pocket Mobile has won an award at this year’s Red Dot Award for its mobile ordering system Pocket Order.The Red Dot Award is one of the world’s most influential design product competitions, along with the iF Design Award and the IDEA awards. Mobile ordering solution Pocket Order. 　(Pocket Mobile)The start-up won a prize in the Communication Design segment, which recognizes innovative product designs and concepts in a wide range of fields including game design, online com

Daum Kakao, the Korean Internet giant, is betting big on a new CEO who may be less experienced but full of enterprise for its next big leap in the burgeoning mobile era. The company said Monday it has named 35-year-old Rim Ji-hoon, founder of venture capital firm K Cube Ventures, to replace the current co-CEOs Choi Sae-hoon, 48, and Lee Sir-goo, 49. Daum Kakao’s new CEO nominee Rim Ji-hoonAlthough the average age of the employees at Daum Kakao is 34, a 30-something CEO is quite rare even within

NEW KIMCHI FRIDGE -- South Korea’s electronics maker Dongbu Daewoo Electronics rolls out the new Klasse kimchi refrigerator lineup, fitted with advanced technology that enriches the taste of the food and optimizes storage conditions. (Dongbu Daewoo) NEW KIMCHI FRIDGE -- South Korea’s electronics maker Dongbu Daewoo Electronics rolls out the new Klasse kimchi refrigerator lineup, fitted with advanced technology that enriches the taste of the food and optimizes storage conditions. (Dongbu Daewoo)

Tech giant rolls out 256Gb V-NAND

Microsoft’s new Windows 10 operating system and the Edge Web browser will be unable to fully access many local financial institutions and government organizations’ websites due to Korea’s persistence in using ActiveX software. Having found to have security gaps, ActiveX has long been phased out overseas, and even its developer Microsoft has dropped support for it in its latest browser. However, ActiveX remains a requirement for accessing the websites and services of many financial institutions a

Start-up industry hopeful on new crowdfunding act, but criticizes restrictions

KT WINS DESIGN AWARDS -- South Korea’s leading mobile carrier KT said Monday that it has won two top awards for its phonebrella, an umbrella fitted with a smartphone holder on its handle at this year’s Red Dot Award, one of the world’s most prestigious product design competitions.　(KT) KT WINS DESIGN AWARDS -- South Korea’s leading mobile carrier KT said Monday that it has won two top awards for its phonebrella, an umbrella fitted with a smartphone holder on its handle at this year’s Red Dot Awa

IT solutions developer SK Planet’s online payment service Syrup Pay is gaining traction as it saw transactions executed through the system increase fourfold since its launch in April.The total amount of transactions processed on Syrup Pay crossed the 60 billion won ($51.4 million) mark this month, up from 5 billion won recorded during the first month of its operations, according to SK Planet on Monday. IT solutions developer SK Planet said Monday that transactions processed on online payment sys

South Korea’s largest mobile messenger operator Daum Kakao said Monday it has named a new chief executive in order to swiftly respond to the fast changing mobile business environment.  Rim Ji-hoon, new CEO of Daum Kakao. (Daum Kakao)Rim Ji-hoon, former head of investment firm K Cube Ventures, will head the mobile messenger and Web-portal firm. Daum Kakao previously had Choi Se-hoon and Lee Sir-goo as co-CEOs after the merger between Web-portal Daum and mobile messenger firm Kakao last year. “Whi

Mobile carrier aims to increase presence in “Internet of Things” market

Google’s new reference phone to feature mobile payment system, fingerprint scanner

COMMEMORATION OF LIBERATION -- Students from the Sejong Academy of Science and Arts release helium balloons fitted with cameras to take aerial photos of the easternmost islets of Dokdo in an event held by mobile carrier KT on Thursday. The event was organized to mark the 70th anniversary of Korea’s independence from Japan’s colonial rule, which falls on Aug. 15. (KT)