[INTERVIEW] Grip mixes live commerce and community

On the screen, a woman in a T-shirt with a photo-realistic green-grape graphic plucks a grape from a vine in her greenhouse, eats it and describes how it tastes. She is one of one of 20,000 sellers who use the Grip live-commerce app...

2022-08-16

If this were written by an AI, you could steal it

As machine learning becomes more advanced by the day, the issue of the copyrighting of computer-generated original works is emerging as a question that challenges not only our current legal system but also raises questions about human ...

2022-08-15

Internet-only banks are neither more competitive nor innovative

Customers of internet banks are switching to commercial banks as traditional banks start introducing financial products with higher interest rates and internet banks lack a full range of services.

2022-08-15

SK Telecom removed from MSCI index

SK Telecom was removed from the Morgan Stanley Capital International (MSCI) ACWI index in the investment research firm's August quarterly review released Friday. Kakao Pay failed to make it to the index.

2022-08-12

For tech companies, NFTs are still seen as a good bet

Tech companies jumping into non-fungible tokens (NFT) despite the market weakening since earlier this year. In an attempt to attract consumers to the NFT market, tech companies in and outside of Korea are trying to make it easier ...

2022-08-10

Stricter rules on scooters see people hop on e-bikes

Electric bikes are seeing new popularity as the demand for electric scooters falls due to tightened regulations in the country.

2022-08-09

Korean internet giants stick to what they know amid falls in net profit

Faced with lower profit margins, Korean internet giants Naver and Kakao will stick to their mainstay advertising businesses instead of venturing into new territories, according to the two companies' chiefs. While both companies eye the digital ...

2022-08-08

Kakao's e-commerce business to operate independently

Kakao's e-commerce business will operate more independently as the company seeks to get the unit back on track. The technology company has been experimenting with various structures to manage and oversee its e-commerce operations.

2022-08-05

Wages increase 5.3% on year in first half of 2022

Wages increased an average of 5.3 percent on year in the first half of this year amid rising inflation, according to the Ministry of Employment and Labor on Thursday. The increase is up from the 4.2 percent wage hike in the first half of 2021.

2022-08-04

Kakao reports 68% drop in net profit in second quarter

Sales rose 35 percent on year to 1.82 trillion won in the April-June period, slightly short of the expected 1.83 trillion won. Operating profit came in at 171.0 billion won, up 5 percent on year, also below expectation of 175.8 billion won.