SEOUL, Sept. 17 (Korea Bizwire) — KT Corp., a South Korean telecom giant, said Friday it will purchase 175 billion won (US$150 million) worth of stocks in its media unit KT Studio Genie as part of efforts to bolster its growing entertainment business. The telecom operator said it will purchase 8.75 million shares in the [...]
SEOUL, Sept. 10 (Korea Bizwire) — South Korean telecom operators have so far installed less than 200 base stations that support millimeter wave (mmWave) 5G, data showed Friday, highlighting the lack of progress to commercialize the technology that unlocks the fastest speeds on the network. Major mobile carriers — SK Telecom Co., KT Corp. and [...]
SEOUL, Sept. 9 (Korea Bizwire) — South Korean telecom giant KT Corp. said Thursday it has acquired global data company Epsilon Global Communications Pte. Ltd. to bolster the telecom operator’s data communications infrastructure. KT said in a release it signed a deal Wednesday to acquire the company with Daishin Private Equity under South Korean brokerage [...]
SEOUL, Sept. 7 (Korea Bizwire) — KT Corp., a South Korean telecom giant, announced that it would launch a pilot project for an artificial intelligence (AI)-based smart parking control system in the Russian border town of Vladivostok, aimed at alleviating traffic congestion by improving parking efficiency. As part of the pilot project, KT will be [...]
SEOUL, Sept. 1 (Korea Bizwire) — South Korea’s 5G user base continued to expand in July to reach over 17 million users, data showed Wednesday, with the growth expected to pick up later this year on the back of launches of new devices. The total number of 5G subscriptions stood at 17.08 million in July, [...]
SEOUL, Aug. 31 (Korea Bizwire) — The speed and coverage of 5G networks in South Korea improved this year as the country races to lay out nationwide coverage of the latest generation networks by next year, the ICT ministry said Tuesday. Average download speeds using 5G networks from the country’s three major mobile carriers — [...]
SEOUL, Aug. 25 (Korea Bizwire) — SK Telecom Co. on Wednesday introduced a new subscription platform that covers various areas of services as South Korea’s leading mobile carrier eyes to expand its presence in the subscription market. With the launch of its subscription brand T Universe, SK Telecom said it aims to have 36 million [...]
SEOUL, Aug. 19 (Korea Bizwire) — LG Electronics Inc. on Thursday said it has successfully demonstrated 6G data transmission using the terahertz spectrum as the South Korean tech giant tries to move ahead in the next-generation communication technology. LG succeeded in sending 6G terahertz wireless communication signals 100 meters in an outdoor environment in collaboration [...]
SEOUL, Aug. 18 (Korea Bizwire) — KT Corp., a major South Korean telecom operator, said Wednesday it has joined hands with the country’s top science university KAIST to develop a hyperscale artificial intelligence (AI) language model. The telecom operator plans to commercialize the model, which uses massive computing infrastructure for natural language processing, in the [...]
SEOUL, Aug. 17 (Korea Bizwire) — SK Telecom Co., South Korea’s largest wireless carrier, said Tuesday its non-telecom spinoff will be launched in November as SK Square with the aim of aggressive investments in new tech and semiconductor businesses. The mobile carrier is currently preparing to split into two after deciding to spin off its [...]