SEOUL, Feb. 8 (Korea Bizwire) — SK Telecom Co., South Korea’s largest wireless carrier, said Wednesday its net profit dropped 60.8 percent last year from a year earlier due mainly to the exclusion of its equity gains from its chipmaking affiliate. The company logged a net profit of 947.8 billion won (US$754.6 million) on a [...]
SEOUL, Feb. 4 (Korea Bizwire) — LG Uplus Corp. said Friday last month’s data breach affected a total of 290,000 users, about 110,000 more than initially suspected. On Jan. 10, the nation’s third-largest wireless carrier disclosed that personal data of 180,000 customers, including their names, birth dates and phone numbers, had been breached. The company [...]
SEOUL, Feb. 3 (Korea Bizwire) — LG Uplus Corp., South Korea’s No. 3 mobile carrier, said Friday its 2022 net profit fell from a year earlier due to increased financial costs. Its net income reached 662.6 billion won (US$540.8 million) for 2022, down 8.5 percent from a year ago, the company said in a regulatory [...]
SEOUL, Feb. 1 (Korea Bizwire) — SK Telecom Co., South Korea’s largest wireless carrier, said Tuesday it developed a new cell tower safety inspection system using drones and image analysis artificial intelligence (AI). The newly-developed image analysis AI model checks the status of nuts and bolts by analyzing images taken by drones. Cell towers with [...]
SEOUL, Jan. 31 (Korea Bizwire) — The South Korean government said Tuesday it will give a new operator the exclusive rights to an additional 5G network frequency band for three years in a bid to help local businesses enter the new high-speed network service sector. The new operator will be given the priority to use [...]
SEOUL, Jan. 11 (Korea Bizwire) – LG Uplus Corp., South Korea’s third-largest wireless carrier, said Tuesday the personal information of 180,000 customers has been leaked. “We have acknowledged that personal data of some customers have been leaked,” LG Uplus said in a message posted on its website. “We apologize for causing concern to our customers.” [...]
SEOUL, Dec. 20 (Korea Bizwire) — A hacker in his 30s was arrested on charges of infiltrating built-in home cameras at over 600 different apartment complexes and distributing recorded footage, police said Tuesday. In South Korea, it is common for internet-connected home security devices with cameras to be installed in apartment complexes. A wall-pad device, [...]
SEOUL, Nov. 11 (Korea Bizwire) — KT Corp., a major South Korean mobile carrier, said Thursday it will make a US$2 million strategic investment in U.S.-based digital medicine company Sonde Health Inc. Sonde Health has developed vocal biomarker technology that can analyze subtle signs of changes in the voice — the volume, pitch or difference [...]
SEOUL, Nov. 10 (Korea Bizwire) — SK Telecom Co., South Korea’s largest wireless carrier, said Thursday its third-quarter net profit dropped 66.7 percent from a year earlier due mainly to last year’s spinoff of its semiconductor businesses. The company logged a net profit of 245.6 billion won (US$180.4 million) on a consolidated basis in the [...]
SEOUL, Nov. 8 (Korea Bizwire) — KT Corp., South Korea’s No. 2 wireless carrier, said Tuesday its third-quarter net profit fell 3.4 percent from a year earlier due to an increase in operating expenses. KT’s net income amounted to 326.2 billion won (US$235.5 million) on a consolidated basis in the July-September period, compared with 337.7 [...]