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

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 Samsung Electronics said Tuesday it has successfully mass-produced a 256Gb vertical NAND flash memory for the first time in the world.The new vertical NAND, or V-NAND, flash chip stacks 48 layers of memory cells and is used for solid state drives, an advanced storage system for laptops and data servers. Samsung Electronics` 48-layer 256Gb vertical NAND flash memory. (Samsung)“With the introduction of our third generation V-NAND flash memory to the global market, we can now provide the

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

　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

PREMIUM CLINIC -- Korea’s mobile carrier SK Telecom opens high-end medical facilities inside the Shenzhen VISTA-SK Medical Center, a health examination-oriented hospital in the southern Chinese city, on Friday. VISTA is one of the few private clinics in China. SKT PREMIUM CLINIC -- Korea’s mobile carrier SK Telecom opens high-end medical facilities inside the Shenzhen VISTA-SK Medical Center, a health examination-oriented hospital in the southern Chinese city, on Friday. VISTA is one of the few

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

Smartphones have changed people’s lifestyles. Users rely on mobile map applications instead of paper maps, communicate with friends on social media and hail taxis with their smartphones.Another notable change is currently taking place in the retail sector, too. People no longer need to lineup at coffee shops, restaurants or bakeries to be served, thanks to mobile ordering apps. They just go in and grab what they preordered through the mobile apps.At the forefront of the mobile ordering app indus