WeMakePrice and Google Cloud have launched a large-scale project to move all service systems of WeMakePrice from its IDC to a container-based cloud environment.The two companies announced the project at a vision share workshop at WeMakePrice’s headquarters in Gangnam-gu, Seoul on Nov. 11.Under the c
Information and communications technologies, or ICT, will enable the digitalization of industry, spark innovation and make other industries green, a Huawei executive said at an international climate change conference in Egypt on Nov. 10 (local time).The remarks were made by Philippe Wang, Huawei’s e
The author is an analyst of KB Securities. She can be reached at leesunhwa@kbfg.com. -- Ed. Maintain BUY, target price of KRW250,000 We maintain BUY and TP of KRW250,000 on Naver. In 3Q22, focus defending OPM via cost efficiency despite difficult operating conditions. Also, Naver has been aggressive
The Bank of Korea announced on Nov. 7 that its second-phase central bank digital currency (CBDC) experiment has been completed regarding offline transactability, interest payment and redemption, cross-border remittance, etc.The first phase was conducted from August to December last year. At that tim
ArkData has registered Ark for CDC, a real-time heterogeneous data replication solution, and Ark for FR, a file replication solution, on Kakao i Cloud Marketplace.The Marketplace registration allows customers who need data replication on Kakao i Cloud to get the service efficiently in a monthly subs
During Ultra-Broadband Forum (UBBF) 2022, Simon Lin, senior vice president of Huawei and president of Huawei Asia-Pacific Region, delivered a keynote speech entitled "Advanced Connectivity, Boost Growth". In the speech, he set out a roadmap for how operators can unleash the full value of connections
The author is an analyst of KB Securities. He can be reached at joonsop.analyst@kbfg.com. -- Ed. 3Q22 review: OP of KRW185.0bn (-16.7% YoY, -31.5% QoQ) — 3Q22 revenue came in at KRW4.2tn, beating the market consensus of KRW4.07tn (FnGuide; 3m basis) and our estimate of KRW3.93tn. However, 3Q22 OP of
The Ultra-Broadband Forum 2022 raised its curtain today in Bangkok, with David Wang, Huawei's executive director of the board and chairman of the ICT Infrastructure Managing Board, delivering a keynote speech titled Stride to Ultra-Broadband 5.5G. During this speech, Wang outlined the enormous c
Huawei's 13th Global Mobile Broadband Forum (MBBF) kicked off in Bangkok on Oct. 25 with a keynote from the company's rotating chairman, Ken Hu."5G has grown faster than any previous generation of mobile technology," began Hu. "In just three years, we've seen solid progress in network de
The author is an analyst of KB Securities. She can be reached at leesunhwa@kbfg.com. -- Ed. Maintain BUY but cut target price 28.6% to KRW250,000 We cut our TP by 28.6% (KRW350,000→KRW250,000) on Naver. We revise down 2022E/2023E OP by 7.7%/13.3% to reflect M&A-driven changes in structural mix (i.e.
Shinhan Card announced on Oct. 19 that it has signed a memorandum of understanding with Stripe, a U.S. company that operates a global financial infrastructure platform, to promote global Payments as a Service (PaaS).The two companies held a partnership signing ceremony at Shinhan Card's main off
As a national telecommunication disaster broke out with the shutdown of the KakaoTalk messenger service, much attention is focused on the in-house messenger programs used by major Korean business groups such as Samsung for internal communications.Major Korean business groups have been using their ow
Google will open a data center in Japan next year. It is the first time since 2013 that Google builds a new data center in Asia.Google CEO Sundar Pichai announced his visit to Japan on his blog on Oct. 6 (local time), saying that the company will open its first data center in Japan in Chiba Prefectu
LG Electronics announced on Oct. 6 that it has recently launched webOS Hub, an upgraded version of the webOS platform which is provided to external TV companies.The company expanded popular content such as cloud games and over-the-top (OTT) services, improved ease of use, and introduced the industry
Huawei and Dronetech, Austria's largest drone service provider, announced on Oct. 5 new applications resulting from their collaboration in 5G smart farming.At the Nussböckgut vineyard, a centuries-old estate in Upper Austria that was first mentioned in a document in 1323, the two companies provi
The author is an analyst of NH Investment & Securities. He can be reached at dongyang.kim@nhqv.com. -- Ed. Samsung SDS’s logistics BPO sales appear to have slowed from their previous peak. The firm is also facing both deteriorating business conditions for its IT service business and higher cloud ser
Samsung Electronics has unveiled its plans to introduce the 2-nm foundry process in 2025 and 1.4-nm process in 2027.The company announced a strengthened business strategy for its foundry business at the annual Samsung Foundry Forum event held in San Jose, California, on Oct. 3 (local time).Samsung h
The Striding Towards the Intelligent World Summit at HUAWEI CONNECT 2022 successfully concluded on Sept. 22. David Wang, Huawei's executive director of the board and chairman of ICT Infrastructure Managing Board, delivered a keynote speech titled Embracing the 5.5G Era: Striding Towards the Inte
On Sept. 20, the second day of HUAWEI CONNECT 2022 Bangkok, Huawei launched a range of innovative infrastructure solutions to drive industry digitalization by finding the right technology for the right scenario. Industry stakeholders gathered together and held discussions around the theme "Innovativ
HUAWEI CONNECT 2022, Huawei's 7th annual flagship event for the global ICT industry, began on Sept. 19 in Bangkok. The theme of this year's event is "Unleash Digital," gathering over 10,000 ICT industry leaders, experts, and partners from around the world to explore how to more effectively u