SEOUL, June 1 (Korea Bizwire) — More than 6 million South Koreans were subscribed to 5G mobile networks as of April, a year after the country adopted the service, government data showed Monday. The number of 5G users in the nation reached 634 million as of the end of April, up 7.8 percent from a [...]
SEOUL, May 26 (Korea Bizewire) — South Korea’s telecommunications market dominated by three major firms lacks competition and needs to improve its structure to provide better services to consumers, a state-run think tank said Tuesday. The Korea Information Society Development Institute (KISDI) said although competition in the local telecom market, viewed as an oligopoly, has [...]
SEOUL, May 25 (Korea Bizwire) — KT Corp., a major South Korean telecommunication company, said Sunday that it has applied 5G self-driving carts to the operation of its logistics center for the first time in the industry in a bid to streamline processes at logistics centers that supply handsets to each agency and others. The [...]
SEOUL, May 23 (Korea Bizwire) — South Korean telecommunication firms said Saturday they have released various services and content related to the country’s professional baseball league as they try to attract baseball fans at home amid the coronavirus pandemic. The new Korea Baseball Organization (KBO) season started May 5 after South Korea managed to flatten [...]
SEOUL, May 22 (Korea Bizwire) — SK Telecom Co., South Korea’s leading mobile carrier, has announced that it will be introducing a precise location information service at 40 golf courses nationwide with VC. VC, a manufacturer of ‘Voice Caddie,’ the KLPGA’s official distance finder device brand, is the No. 1 ICT golf device company in [...]
SEOUL, May 21 (Korea Bizwire) — Netflix, the world’s leading video streaming service provider, will come under growing pressure to share the network costs here following the revision to related laws, industry sources said Thursday. On Wednesday, the National Assembly approved the revision to the country’s telecommunications business act, which stipulates, in a nutshell, foreign [...]
SEOUL, May 17 (Korea Bizwire) — KT Corp., South Korea’s leading telecommunication firm, said Sunday it will conduct a research project on epidemic prevention with financial support from the Bill & Melinda Gates Foundation. A South Korean consortium led by KT will carry out the project named “A Next Generation Surveillance Study for Epidemic Preparedness,” [...]
SEOUL, May 12 (Korea Bizwire) — KT Corp., South Korea’s leading telecommunications firm, said Tuesday it has joined hands with Hyundai Construction Equipment Co. to develop 5G-based remote control platform for construction equipment and industrial trucks. Under the memorandum of understanding (MOU), the two sides will collaborate in developing various technologies for the builder’s autonomous [...]
SEOUL, May 11 (Korea Bizwire) — SK Telecom Co. said Monday its car infotainment system will be installed in Volvo vehicles sold in South Korea. Under the partnership with Volvo Car Korea Co., the South Korean telecommunications firm will supply its in-vehicle infotainment (IVI) system and will cooperate to develop IVI-related technologies. SK Telecom said [...]
SEOUL, May 7 (Korea Bizwire) — SK Telecom Co., South Korea’s top mobile carrier, said Thursday its net income dropped 17.9 percent from a year earlier due to reduced equity gains and investments related to its 5G service. In a regulatory filing, SK Telecom reported a net income of 306.8 billion won (US$250 million) in [...]