SEOUL, Jan. 17 (Korea Bizwire) — KT Corp., South Korea’s major telecom operator, said Monday it has partnered with major South Korean lender Shinhan Bank to collaborate in new businesses, including artificial intelligence and platform services. KT said it will also acquire a 2.1 percent stake in Shinhan Bank for 437.5 billion won (US$366.9 million) [...]
SEOUL, Jan. 15 (Korea Bizwire) — South Korean lawmakers on Friday called for the speedy passage of a bill that would oblige overseas content providers, including Netflix Inc., to share the burden of network usage costs. Netflix has recently come under fire in South Korea for refusing to pay for the use of the network [...]
SEOUL, Jan. 6 (Korea Bizwire) — A South Korean research lab said Thursday that it has successfully developed the world’s first intercontinental 5G-satellite network system to help communicate in case of a disaster. The 5G-satellite multiple network system — co-developed with the European Union — connects 5G networks to satellite networks to allow communication services [...]
SEOUL, Jan. 4 (Korea Bizwire) — South Korea’s ICT ministry said Tuesday it will open an auction next month for additional 5G network frequency bands used by the country’s major mobile carriers. In December, the ministry agreed to open bidding for additional 5G network in the 3.4- to 3.42-gigahertz spectrum as requested by LG Uplus, [...]
SEOUL, Jan. 3 (Korea Bizwire) — The number of smartphone users on 5G mobile networks had topped 20 million as of November for the first time since the service was commercialized in 2019, data showed Monday. The total number of 5G users reached 20.19 million in November last year, accounting for around 28 percent of [...]
SEOUL, Dec. 29 (Korea Bizwire) — The Ministry of Science and ICT said Wednesday it will open up public Wi-Fi networks in case of network outages to help citizens gain access to basic telecommunication services. The decision came two months after KT Corp., a major South Korean telecom operator, suffered a nationwide network outage of [...]
SEOUL, Dec. 29 (Korea Bizwire) — A civic group has suggested that the nation’s three major carriers — SK Telecom Co., KT Corp. and LG Uplus Corp. — have chalked up huge profits from 4G LTE services over the past 10 years. The People’s Solidarity for Participatory Democracy analyzed LTE sales statistics for the period [...]
SEOUL, Dec. 22 (Korea Bizwire) – The Ministry of Science and ICT on Tuesday made an administrative notice on the upward revision of the output standards for some Wi-Fi 6E (6th Generation Extended) frequency bands. Compared to existing Wi-Fi 6, Wi-Fi 6E that uses the 6 gigahertz (GHz) frequency band (5,925∼7,125 megahertz (MHz)) is up [...]
SEOUL, Dec. 1 (Korea Bizwire) — The number of smartphone users on 5G mobile networks had topped 19 million as of October, data showed Wednesday, as new smartphone launches boosted user growth in the latest generation networks. The total number of 5G users reached 19.38 million in October, accounting for around 27 percent of the [...]
SEOUL, Nov. 10 (Korea Bizwire) — SK Telecom Co., South Korea’s top wireless carrier, said Wednesday its third-quarter net income rose 88 percent on-year thanks to growth in 5G users and equity gains. Net income stood at 736.5 billion won (US$623.3 million) in the July-September period on a consolidated basis, compared with 391.8 billion won [...]