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LG Uplus’ Q1 Net Down 15.2 pct from Decreased Handset-related Margins

LG Uplus’ Q1 Net Down 15.2 pct from Decreased Handset-related Margins

SEOUL, May 13 (Korea Bizwire) — LG Uplus Corp., South Korea’s third-largest mobile carrier, said its first-quarter net profit slumped 15.2 percent from a year earlier due to decreased profits related to handset sales. LG Uplus logged a net profit of 170.4 billion won (US$132.2 million) on a consolidated basis in the three months ending [...]

Samsung Holds First-ever 6G Forum to Discuss Next-gen Communications Tech

Samsung Holds First-ever 6G Forum to Discuss Next-gen Communications Tech

SEOUL, May 13 (Korea Bizwire) — Samsung Electronics Co. on Friday held its first 6G forum with experts from academia and industry to discuss the future of communications technologies, in a bid to lead 6G research and development and standardization. At the forum, titled “The Next Hyper-Connected Experience for All,” global industry experts had presentations [...]

KT’s Q1 Net Profit Up 39.5 pct, Led by Growth of Media, Enterprise Services

KT’s Q1 Net Profit Up 39.5 pct, Led by Growth of Media, Enterprise Services

SEOUL, May 12 (Korea Bizwire) — KT Corp., South Korea’s No. 2 telecom operator, said Thursday its first quarter net profit increased 39.5 percent thanks to strong performances across its media, mobile commerce and enterprise products. The company said in a regulatory filing that its net profit for the January-March period stood at 455.4 billion [...]

SK Telecom Q1 Net Income Down 61.5 pct Due to Exclusion of SK hynix Equity Gains

SK Telecom Q1 Net Income Down 61.5 pct Due to Exclusion of SK hynix Equity Gains

SEOUL, May 10 (Korea Bizwire) — SK Telecom Co., South Korea’s largest mobile carrier, said Tuesday its first-quarter net profit dropped 61.5 percent from a year earlier due mainly to the exclusion of equity gains from chipmaker SK hynix Inc., which was handed over to a spinoff investment company last year. The company said in [...]

S. Korean Underwater Communications Technology Designated as International Standard

S. Korean Underwater Communications Technology Designated as International Standard

SEOUL, April 8 (Korea Bizwire) — The Ministry of Oceans and Fisheries and the National Radio Research Agency jointly announced on Thursday that the nation’s locally-developed ‘base station-based sonar wireless telecommunication network technology’ had been designated as an international standard. The ministry has allocated 19.3 billion won (US$15.7 million) in funding for the ‘distribution-type underwater [...]