SEOUL, May 21 (Korea Bizwire) —As South Korean companies continue their digital transformation campaigns, cloud services are playing a pivotal role in driving revenue growth within the telecom sector. In the first quarter, cloud services made significant contributions to the revenue growth of SK Telecom and KT, according to industry reports. SK Telecom’s enterprise revenue, [...]
SEOUL, May 12 (Korea Bizwire) — South Korea’s ICT ministry said Friday that it has canceled the license for the new 28 gigahertz spectrum of high-speed 5G network owned by SK Telecom Co., South Korea’s No. 1 wireless carrier, citing a lack of investment. SK Telecom had been given the right to use the high-speed [...]
SEOUL, May 11 (Korea Bizwire) — KT Corp., South Korea’s No. 2 wireless carrier, said Thursday its first-quarter net profit declined 32 percent from a year earlier due to a base effect. KT’s net income amounted to 309.6 billion won (US$234.2 million) on a consolidated basis in the first three months of the year, down [...]
SEOUL, May 11 (Korea Bizwire) — LG Uplus Corp., South Korea’s No. 3 mobile carrier, said Thursday its first-quarter net profit declined 9 percent from a year earlier due to compensation for network failures earlier this year. Its net income reached a net profit of 155.1 billion won (US$117.7 million) for the January-March period on [...]
SEOUL, May 11 (Korea Bizwire) — SK Telecom Co., South Korea’s No. 1 wireless carrier, plans to develop artificial intelligence (AI)-based food tech by integrating its technology into the complete process of production, processing, logistics, and sales for agricultural and livestock products. The mobile carrier said Wednesday it has signed a business agreement with food [...]
SEOUL, May 10 (Korea Bizwire) — SK Telecom Co., South Korea’s largest wireless carrier, said Wednesday its first-quarter net profit jumped 37.3 percent from a year earlier thanks to increased dividend income. The company logged a net profit of 302.5 billion won (US$228.6 million) on a consolidated basis in the January-March period, down from 220.3 [...]
SEOUL, May 5 (Korea Bizwire) — KT Corp., a major South Korean mobile carrier, announced that it is using telematics technology to prevent network disruptions that may occur due to excavation work. In the latter half of this year, the telecom operator will connect its outside plant (OSP) management system with the telematics platforms of [...]
SEOUL, May 4 (Korea Bizwire) — KT announced on Wednesday the launch of a new product called the “AI Phone,” which is an all-in-one solution that combines a landline phone with an AI Call Assistant service for busy small businesses. The AI Call Assistant Lite service provides features such as AI greetings, call forwarding, call [...]
SEOUL, May 2 (Korea Bizwire) — SK Telecom, KT, and LG Uplus, South Korea’s three largest mobile operators, have partnered with BMW to launch vehicle-specific embedded SIM (eSIM) plans. The five plans consist of two each from SK Telecom and KT, and one from LG Uplus. An eSIM enables mobile data usage through an identification [...]
SEOUL, April 28 (Korea Bizwire) — LG Uplus Corp., South Korea’s No. 3 mobile carrier, said Friday it will compensate more than 4 million customers for a network disruption caused by distributed denial-of-service (DDoS) attacks earlier this year. The company’s network had suffered partial disconnections for a combined five times on Jan. 29 and Feb. [...]