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ICT Ministry Mulling Details of 5G Spectrum Auction

ICT Ministry Mulling Details of 5G Spectrum Auction

SEOUL, Mar. 26 (Korea Bizwire) — South Korea’s tech ministry is in the process of setting details of the upcoming auction for spectrum supporting the high-end fifth-generation (5G) network, industry watchers said Sunday. The Ministry of Science and ICT plans to complete its review in the near future and hold a public hearing next month, [...]

KT Aims 5G Commercial Launch in March 2019

KT Aims 5G Commercial Launch in March 2019

SEOUL, March 22 (Korea Bizwire) — South Korean telecom giant KT Corp. announced Thursday that it will start commercial operations of its fifth-generation (5G) mobile network in March 2019. KT said its goal is to provide “perfect 5G” service by building a nationwide infrastructure so faster and more stable data processing, far exceeding the capacity of the existing 4G network, or long-term evolution (LTE), will be [...]

SK Telecom’s Q4 Net Jumps 39.1 pct on Increased Competitiveness in Internet Businesses

SK Telecom’s Q4 Net Jumps 39.1 pct on Increased Competitiveness in Internet Businesses

SEOUL, Feb. 5 (Korea Bizwire) — South Korea’s top mobile carrier SK Telecom Co. said Monday its fourth-quarter net profit rose 39.1 percent from a year earlier due mainly to increased competitiveness in Internet businesses. Net income reached 660.6 billion won (US$606 million) in the October-December period, compared with a profit of 474.7 billion won [...]

SKT Unveils ‘Igloo’ Packed With Latest Technology at Seoul City Hall

SKT Unveils ‘Igloo’ Packed With Latest Technology at Seoul City Hall

SEOUL, Jan. 29 (Korea Bizwire) — SK Telecom has unveiled an air dome ‘igloo’ at Seoul’s City Hall ahead of the 2018 PyeongChang Olympics, bringing snow drifts and snowball fights to the heart of the South Korean capital. Packed with the latest IT technology including 5g networks and virtual reality, the major telecom provider’s entertainment-packed venue [...]

Government Offers Mobile Carriers Discounts for 5G Frequency Band to Encourage Price Cuts

Government Offers Mobile Carriers Discounts for 5G Frequency Band to Encourage Price Cuts

SEOUL, Jan. 23 (Korea Bizwire) — The government will offer telecom providers discounted prices for the use of 5G frequency bands in a move to encourage data plan price cuts. The Ministry of Science and Technology announced plans on Sunday to push through with reforms to the radio waves act, laying the legal groundwork for incentives [...]

Big Wave of M&A Activity in South Korean IT Industry

Big Wave of M&A Activity in South Korean IT Industry

SEOUL, Jan. 19 (Korea Bizwire) – Mergers and acquisitions are heating up in South Korea’s information technology industry this year. With the Fourth Industrial Revolution on the horizon, IT industry leaders like Kakao and SKT are poised to expand their presence by merging with companies in the content industry. According to industry sources, Kakao recently issued [...]

Facebook to Negotiate With Telecom Providers Over ‘Data Traffic Costs’

Facebook to Negotiate With Telecom Providers Over ‘Data Traffic Costs’

SEOUL, Jan. 10 (Korea Bizwire) – Facebook Inc. is willing to negotiate with South Korea’s telecommunications providers over sharing the cost of maintaining the speed of its data traffic services, the company’s vice president said Wednesday. Since 2016, the U.S. social networking giant has been in dispute with SK Broadband Co. and LG Uplus after refusing to pay for a cache server that [...]