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SK Telecom Q2 Net Surges on Increased Equity Gains, Rise in 5G Users

SK Telecom Q2 Net Surges on Increased Equity Gains, Rise in 5G Users

SEOUL, Aug. 6 (Korea Bizwire) — SK Telecom Co., South Korea’s top mobile carrier, said Thursday its second-quarter net income jumped 66.8 percent from a year earlier due to increased equity gains and improved mobile business. Net income reached 432.2 billion won (US$365.1 million) in the April-June period, compared with 259.1 billion won the previous [...]

Telcos Beef Up Videoconferencing Services amid Pandemic

Telcos Beef Up Videoconferencing Services amid Pandemic

SEOUL, Aug. 3 (Korea Bizwire) — South Korean telecom companies are ramping up moves to improve their videoconference services to meet rising demand amid the COVID-19 pandemic, which has spurred a telework trend here, industry insiders said Monday. Global videoconference and work collaboration software, such as Zoom and Microsoft Corp.’s Teams, have recently surged in [...]

Netflix Set to Further Boost Presence in S. Korea via Partnership with KT

Netflix Set to Further Boost Presence in S. Korea via Partnership with KT

SEOUL, July 31 (Korea Bizwire) — Global streaming giant Netflix Inc. may further boost its presence in South Korea as its subscribers will have more access to the service through its partnership with local telecom operator KT Corp. KT said Friday it will start offering Netflix’s service on its pay TV platform, with KT’s Olleh [...]

Telcos Expand AI Services amid Slump in Mobile Biz

Telcos Expand AI Services amid Slump in Mobile Biz

SEOUL, July 29 (Korea Bizwire) — South Korea’s major telecom firms are expanding artificial intelligence (AI)-based services ranging from mobility to factory operations, industry insiders said Wednesday, as they search for new growth engines beyond the mobile communications business. Last month, LG Uplus Corp. joined an AI research alliance that includes its local rival KT [...]

SK Telecom Builds AI-based Smart Factory to Detect Defects Through Sound

SK Telecom Builds AI-based Smart Factory to Detect Defects Through Sound

SEOUL, July 29 (Korea Bizwire) — SK Telecom Co., South Korea’s leading mobile carrier, announced Tuesday that it will work with its affiliate SK Planet Co. and Hwashin Co. on an artificial intelligence (AI)-based Smart Factory Project. Hwashin is the country’s major chassis producer and primary supplier for Hyundai Motor Co. SK Telecom plans to [...]

SK Telecom Updates Services for Hearing-impaired Taxi Drivers

SK Telecom Updates Services for Hearing-impaired Taxi Drivers

SEOUL, July 29 (Korea Bizwire) — South Korean telecom giant SK Telecom Co. said Wednesday it updated its services for hearing-impaired taxi drivers with new safety technology. The telecom operator partnered with local social venture Coactus Ltd. in 2018 to launch a taxi-hailing app for hearing-impaired drivers. SK Telecom said Coactus will directly employ the [...]