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

　With most Koreans using the Internet and mobile devices, illegal and harmful information on the Internet is on the rise. According to last year’s statistics, the number of smartphone users exceeded 40 million, about 80 percent of the total population. 　During the same period, requests for correcting illegal information made by the Korea Communications Standards Commission also increased 28 percent to 130,000 cases from a year ago. Among them, content on prostitution and pornography made up the

South Korea’s third largest electronics firm Dongbu Daewoo Electronics has been increasing its foothold in the Chinese market with its strategies specifically targeting locals.The company, which made inroads into China in July 2013, runs 256 dealerships as of July, and plans to open 50 more stores by the end of the year. Customers look at Dongbu Daewoo Electronics’ products at a dealership in Zhejiang Sheng, China. (Dongbu Daewoo Electronics)Despite a slump in private consumption in China, the K

MOBILE ACCESSORY -- LG Uplus on Monday unveiled its plan to beef up its accessory business for mobile phones. The IT accessories, including portable speakers and drones, will be available at its dealer shops in partnership with mobile accessory retailer Gadget as well as online. LG Uplus

Tech giant Samsung Electronics is putting the last touches on its Samsung Pay mobile payment system as it expands its partnership with local card issuers. Samsung and card companies including Samsung Card and BC Card are jointly running trial tests for the mobile payment system with users of the tech giant’s Galaxy S6 and S6 Edge. Samsung Pay, mobile payment system of Samsung Electronics.  YonhapSamsung Card, which kicked off the first trial run last month, will run another round of beta testing

A battle for the wrist is heating up as major tech giants and even luxury good makers have dipped their toes in the smartwatch market.In less than half a year since the debut of its first wearable Apple Watch, California-based Apple has dethroned Samsung Electronics from the top spot in the global smartwatch industry.Samsung Electronics` Samsung Gear S. (Samsung)Apple reportedly received 7 million orders in total for the Apple Watch, 4 million of which were shipped in the April-June period, whil

South Korea’s leading mobile carrier KT swung back to profit in the second quarter thanks mainly to restructuring efforts it has made since last year.The wireless carrier said in its regulatory filing that it posted 5.43 trillion won ($4.65 billion) in revenue and 36.9 billion won in operating profit. The quarterly revenue decreased from 5.63 trillion won in the second quarter last year, but the operating profit increased significantly from an operating loss of 83.8 billion won.The headquarters

삼성전자 모바일 사업 부문 고위 임원들과 프랑스 디지털 보안 솔루션 기업인 오버츄어 테크놀로지스의 최고 임원들이 보안 솔루션 제품 개발 협력에 대한 논의를 한다고 알려져 업계의 주목을 받고 있다.오버츄어 테크놀로지스는 스마트 카드에서부터 스마트 폰에 장착되어 있는 모바일 결제 보안 기술에 이르기까지 다양한 기술을 보유하고 있는 기업으로 글로벌 모바일 기기 보안 솔루션 시장에서 70 퍼센트 이상의 시장 점유율을 가진 기업이다.23일 오버츄어 테크놀로지스의 서울 R&D 개소식을 기념해 방한한 디디에 라무쉬 (Didier Lamouche) CEO는 “삼성전자 R&D부문 임원을 비롯해 고위 임원을 만날 예정,” 이라고 밝혔다. 프랑스 디지털 보안 솔루션 업체 오버츄어 테크놀로지스(Oberthur Technologies)디디에 라무쉬 (Didier Lamouche) CEO가 23일 서울시 중구 더 플라자 호텔에서 열린 기자간담회에서 솔루션 제품 관련 발표를 하고 있다. (오버츄어 테크놀로지스

   This year’s August is a month of great significance to Singapore as well as Korea. The two countries will commemorate their 50th and 70th anniversary of independence respectively. In addition, this month includes another commemorative day for both countries -- Aug. 8, 1975, when diplomatic relations were formalized 40 years ago. 　Even though Korea had trade representative and consulate general offices in Singapore in the early 1970s, diplomatic relations only began some years later due to the

　Top executives of South Korea’s top conglomerate Samsung Group ramped up their efforts to garner support from investors for a proposed merger deal between its two affiliates -- Samsung C&T and Cheil Industries -- ahead of a shareholder vote next week.　The group’s latest move was a meeting on Wednesday between Samsung Electronics vice chairman Lee Jay-yong and Park Yoo-kyung, an investment adviser at Dutch pension-fund manager APG Asset Management, which owns a 0.3 percent stake in the conglomer