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 [...]
SEOUL, Aug. 5 (Korea Bizwire) — The 5G network services in South Korea have been poorer than expected, with their download speeds and connection far lower than what telecom operators have claimed, an assessment report showed Wednesday. South Korea was the first country to commercialize 5G in April last year, boasting of low latency and [...]
SEOUL, Aug. 5 (Korea Bizwire) — South Korean telecom giant SK Telecom Co. said Wednesday it will launch Microsoft’s Xbox cloud game service here next month. South Korea will be the only Asian country for the xCloud service’s global launch across 22 countries on Sept. 15, according to SK Telecom. The game streaming service allows [...]
SEOUL, Aug. 4 (Korea Bizwire) — Samsung Electronics Co. is likely to expand its presence in the global network equipment market this year but will remain in a distant fourth as Chinese and European players continue their dominance, a report showed Tuesday. Samsung was estimated to take a 8.5 percent share in the global mobile [...]
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 [...]
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 [...]
SEOUL, July 30 (Korea Bizwire) — South Korean telecom operator LG Uplus Corp. said Thursday it will introduce digital kiosks and new online shopping services as part of its shift toward going “contactless” amid the pandemic. Starting in September, visitors to the mobile carrier’s flagship store in Gangnam, southern Seoul, will be able to use [...]
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 [...]
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 [...]
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 [...]