In South Korea, Instagram thrives while Facebook declines

In South Korea, one of the world’s most wired countries, people can’t live without social networking services for everyday communication...

Meta’s AI, XR push to gain speed with Korea’s support

South Korea is backing Mark Zuckerberg, founder and chief executive officer of Meta Platforms Inc., in the Facebook operator’s artificial inte...

S.Korea sees under 10 mn Facebook users per month: Report

The number of monthly users in South Korea of the Meta-run social media platform Facebook last month fell to under 10 million.Mobile Index, a big da...

S.Korea fines Facebook, Netflix over privacy infringement

South Korea’s privacy regulator Personal Information Protection Commission (PIPC) has fined major global platform companies for their infringe...

Facebook's operating profit surges sixfold in S.Korea; tops $10 mn

Last year's South Korea-based earnings for some global IT firms were disclosed publicly for the first time only this year, following a revision to...

The BTS of social media: The next Facebook will come from South Korea

South Korea is hitting its stride as an innovator, but it’s an overnight success story over 20 years in the making. Coupang’s $60B IPO t...

KB Securities acquires $140 mn Facebook-leased Dublin building

KB Securities Co. Ltd., a unit of a top South Korean banking group, has bought a building used as Facebook Inc.'s second Dublin office for around 150 ...

Korean insurers invest $160 mn in debt of Facebook-leased NY property

A group of South Korean insurance firms have invested 180 billion won ($160 million) in mezzanine debt secured on two interconnected buildings in New ...