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Industry

Samsung Electronics begins preorders for Galaxy Z8 and Watch Ultra2, Watch9

Samsung Electronics will begin preorders for its eighth-generation foldable smartphones and new smartwatches. The company said preorders for the Galaxy Z Fold8 Ultra, Galaxy Z Fold8, Galaxy Z Flip8, Galaxy Watch Ultra2 and Galaxy Watch9 will run from July 28 to Aug. 3 at Samsung stores, Samsung.com and mobile carrier outlets. Official domestic release is Aug. 7, with early buyers able to receive and activate devices from Aug. 4.

Games & Commerce

Naver commerce tightens chase of Coupang, bolsters membership with lower Netflix upgrade fee

Naver is lowering Netflix upgrade fees for Naver Plus membership users from July 1, cutting the monthly cost of upgrading to Standard to 6,500 won from 8,000 won and Premium to 10,000 won from 11,500 won. The move follows rising new installs and monthly users for the Naver Plus Store app. Naver aims to strengthen lock-in by combining OTT, points, AI shopping and delivery within one membership.

Finance

E-payment fees edge down, but price-cutting rivalry still limited

Payment fees charged by electronic financial service providers in South Korea fell slightly, but competition among operators to cut rates remains limited, a disclosure showed. The average payment fee rate for 18 providers from September to February was 1.98 percent for cards and 1.74 percent for prepaid. Differences were clearer for small merchants, with Kakao Pay applying the lowest card fee rate among three major simple payment firms.