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KT Partners with Shinhan Bank to Develop AI, Metaverse Services

KT Partners with Shinhan Bank to Develop AI, Metaverse Services

SEOUL, Jan. 17 (Korea Bizwire) — KT Corp., South Korea’s major telecom operator, said Monday it has partnered with major South Korean lender Shinhan Bank to collaborate in new businesses, including artificial intelligence and platform services. KT said it will also acquire a 2.1 percent stake in Shinhan Bank for 437.5 billion won (US$366.9 million) [...]

S. Korean Lab, EU Develop Intercontinental 5G-satellite Network System

S. Korean Lab, EU Develop Intercontinental 5G-satellite Network System

SEOUL, Jan. 6 (Korea Bizwire) — A South Korean research lab said Thursday that it has successfully developed the world’s first intercontinental 5G-satellite network system to help communicate in case of a disaster. The 5G-satellite multiple network system — co-developed with the European Union — connects 5G networks to satellite networks to allow communication services [...]

Gov’t to Open Auction for Additional 5G Network Frequency Spectrum Next Month

Gov’t to Open Auction for Additional 5G Network Frequency Spectrum Next Month

SEOUL, Jan. 4 (Korea Bizwire) — South Korea’s ICT ministry said Tuesday it will open an auction next month for additional 5G network frequency bands used by the country’s major mobile carriers. In December, the ministry agreed to open bidding for additional 5G network in the 3.4- to 3.42-gigahertz spectrum as requested by LG Uplus, [...]

SK Telecom Q3 Net Profit Up 88 pct on Equity Gain, 5G Growth

SK Telecom Q3 Net Profit Up 88 pct on Equity Gain, 5G Growth

SEOUL, Nov. 10 (Korea Bizwire) — SK Telecom Co., South Korea’s top wireless carrier, said Wednesday its third-quarter net income rose 88 percent on-year thanks to growth in 5G users and equity gains. Net income stood at 736.5 billion won (US$623.3 million) in the July-September period on a consolidated basis, compared with 391.8 billion won [...]