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KT Makes Strategic Investment in Vocal Biomarker Tech Startup Sonde Health

KT Makes Strategic Investment in Vocal Biomarker Tech Startup Sonde Health

SEOUL, Nov. 11 (Korea Bizwire) — KT Corp., a major South Korean mobile carrier, said Thursday it will make a US$2 million strategic investment in U.S.-based digital medicine company Sonde Health Inc. Sonde Health has developed vocal biomarker technology that can analyze subtle signs of changes in the voice — the volume, pitch or difference [...]

SK Telecom Q3 Net Profit Down 66.7 pct After Spinoff of Chip Biz

SK Telecom Q3 Net Profit Down 66.7 pct After Spinoff of Chip Biz

SEOUL, Nov. 10 (Korea Bizwire) — SK Telecom Co., South Korea’s largest wireless carrier, said Thursday its third-quarter net profit dropped 66.7 percent from a year earlier due mainly to last year’s spinoff of its semiconductor businesses. The company logged a net profit of 245.6 billion won (US$180.4 million) on a consolidated basis in the [...]

KT Q3 Net Profit Down 3.4 pct amid Operating Cost Increase

KT Q3 Net Profit Down 3.4 pct amid Operating Cost Increase

SEOUL, Nov. 8 (Korea Bizwire) — KT Corp., South Korea’s No. 2 wireless carrier, said Tuesday its third-quarter net profit fell 3.4 percent from a year earlier due to an increase in operating expenses. KT’s net income amounted to 326.2 billion won (US$235.5 million) on a consolidated basis in the July-September period, compared with 337.7 [...]

LG Uplus Q3 Net Income Down 19.1 pct to 170.8 bln Won on Interest Costs

LG Uplus Q3 Net Income Down 19.1 pct to 170.8 bln Won on Interest Costs

SEOUL, Nov. 4 (Korea Bizwire) — LG Uplus Corp. on Friday reported its third-quarter net profit of 170.8 billion won (US$119.6 million), down 19.1 percent from a year earlier, due to increased interest costs. Operating income for the July-September period was 285.1 billion won, up 3 percent from a year ago, the company said in [...]

Hyundai E&C Develops TV Frequency-based Wireless Communication for Underground Tunnels

Hyundai E&C Develops TV Frequency-based Wireless Communication for Underground Tunnels

SEOUL, Oct. 26 (Korea Bizwire) — Hyundai Engineering & Construction Co., South Korea’s leading builder, has developed new technology that ensures smoother communication between inside and outside tunnels. The company announced on Tuesday that its “TV white-space (TVWS) serious industrial disaster prevention solution for underground tunnels” was designated as a regulatory sandbox case by the [...]

LG Uplus Unveils New AI Services

LG Uplus Unveils New AI Services

SEOUL, Oct. 25 (Korea Bizwire) — LG Uplus Corp., South Korea’s third-largest wireless carrier, on Tuesday unveiled its new artificial intelligence (AI) services as part of its long-term strategy to transform itself from its traditional telecom identity into a digital platform service provider. Its AI brand, named “ixi,” offers AI-powered services for sports match predictions, [...]

More than 40 pct of 5G Base Stations Concentrated in Greater Seoul Area

More than 40 pct of 5G Base Stations Concentrated in Greater Seoul Area

SEOUL, Oct. 7 (Korea Bizwire) — About half of 5G base stations in South Korea are concentrated in the greater Seoul area, while some other regions are lacking in the number of such stations, data showed Thursday. About 44 percent of the nation’s 5G wireless base stations in the general-purpose 3.5-gigahertz (GHz) frequency band are [...]

KT Partners with Canada’s Vector Institute for AI Research Cooperation

KT Partners with Canada’s Vector Institute for AI Research Cooperation

SEOUL, Sept. 23 (Korea Bizwire) — KT Corp., South Koreas No. 2 wireless carrier, said Friday it has signed a partnership agreement with the Vector Institute, a Canadian nonprofit artificial intelligence (AI) research institution, for joint AI-related research and projects. Under the agreement, KT and the institute will work together in pursuing joint AI research, [...]

SK Telecom’s 5G Download Speed Ranks No. 1 Among Global Telecos

SK Telecom’s 5G Download Speed Ranks No. 1 Among Global Telecos

SEOUL, Sept. 23 (Korea Bizwire) — SK Telecom Co., South Korea’s largest wireless carrier, ranks No. 1 in terms of download speed of 5G networks, an industry report showed Friday. According to global mobile industry tracker Opensignal, the average download speed using SK Telecom’s 5G network was recorded at 469.6 megabits per second (Mbps), 2.55 [...]