Category: Business

SK telecom, the largest carrier in Korea, released its updated cloud service on May 8th, T Bag Plus, to provide more storage up to 10GB. The original service, T Bag, supported only a phone-book, messages and a restricted memory of photos. This upgraded version of T Bag will ignite the competition among personal cloud services. […]

Samsung released Galaxy S 2 in Korea this April. Galaxy S 2 is embedded with NFC chipsets which support single wire protocol and USIM based applications. And yesterday, RIM announced its first NFC phones, the BlackBerry Bold 9900 and Bold 9930. According to the press release, these phones also support single wire protocol. After the […]

Now, the right information gets more important than ever. Though there are several search engines and they are advancing to find a moderate result, it is still difficult to find what a user really wants. And furthermore people want to read a post or news which they are interested on. So many internet users have […]

There are two mainstreams of the recent trend in the commerce industry. One is the rapid growth of the mobile commerce. According to the report from Korea On-Line Shopping Association, the total sales of the mobile commerce is forecasted as below: [ Mobile Commerce Market Forecast(Unit: KRW in billion) ] Considering that the total number […]

Recently there have been two financial accidents in Korea. The first is the incident where the internal server of Hyundai Capital, a financial service company, was breached by a group of hackers and the customer database was stolen. The second incident happened at the NH(NongHyup) Bank where someone ill-intentionally deleted its financial information from the […]

As we know, people are buying actual products through internet shopping malls and early adopters are trying to make a deal via a mobile channel. Therefore online advertisement gets more important every day and the competition between search engine providers is becoming severe in Korea. Since Naver, Korea’s overwhelming search engine leader, exchanged an advertisement […]

Naver, the no. 1 web portal and search engine in Korea is building its basis for the commerce business through its coupon service, Naver Checkout Coupon. Naver Checkout is very similar with Google Checkout service, which is the payment platform that simplifies the total payment process by registering a credit card number to Naver ID. […]

Mobile RFID Zone will be launched this year. This project is initiated by several main players such as the Korean government(Ministry of Knowledge and Economy), credit card companies(Samsung Card, Shinhan Card and MasterCard) and carriers(SK Telecom and KT).   If the RFID zone is established at multiplex theaters, users will be provided with mobile services […]

Recently phone manufacturers released that they will adopt NFC in most smartphones. But now, the total share of NFC embedded devices is very low. And it is not clear whether the hot potato iPhone 5 will embed the NFC chip-set. But players such as carriers and credit card companies seem to have no time to […]

Google launched its mobile payment platform ‘In-App Billing’ last month. This attractive platform will support a lot of applications within the Android market. This means Google has expanded its capability to the mobile area. Because there are powerful players such as PayPal in the online payment industry, it’s not easy for Google to increase its […]