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, [...]
SEOUL, Mar. 25 (Korea Bizwire) — South Korean web portal Naver has said it will focus on improving its video content amid growing competition with Google’s popular video service YouTube. “Plans are underway to bolster video content for Junior Naver, such as kids’ videos, musical videos and how-to videos. We plan to invest more in videos [...]
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 [...]
SEOUL, March 16 (Korea Bizwire) – Kakao Corp., the operator of South Korea’s top mobile messenger, KakaoTalk, on Friday named Yeo Min-soo and Joh Su-yong as its new co-CEOs. Kakao’s former CEO, Rim Ji-hoon will now act as the company’s advisor for future strategy, the company said in a press release. The decision was made at a board of directors’ [...]
SEOUL, Mar. 15 (Korea Bizwire) — South Korean mobile carriers are expected to see their sales growth slow in 2018 from last year amid a mild gain in operating profit in the wake of increased fee discounts, a market tracker said Thursday. The consolidated sales of the three mobile carriers — SK Telecom Co., KT [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]