SEOUL, Feb. 9 (Korea Bizwire) — SK Telecom Co., South Korea’s largest mobile carrier, said Wednesday its fourth-quarter net profit fell 14 percent from a year earlier due mainly to its non-telecom spinoff. Net profit fell to 314.8 billion won (US$263.4 million) in the October-December period from a profit of 365.9 billion won the previous [...]
SEOUL, Feb. 7 (Korea Bizwire) — SK Telecom Co., South Korea’s top wireless carrier, said Monday it has partnered with U.S.-based Joby Aviation in developing flying cars in a move to expand its foothold in urban air mobility (UAM) services. SK Telecom said the two companies signed an agreement to form a regular consultative team [...]
SEOUL, Feb. 3 (Korea Bizwire) — Nearly 30 percent of South Korea’s mobile subscriptions were on 5G networks last year, data showed Thursday, as new smartphone launches boosted user growth in the latest generation networks. The total number of 5G users reached 20.92 million as of end-December last year, accounting for 28.7 percent of the [...]
SEOUL, Jan. 28 (Korea Bizwire) — LG Uplus Corp., South Korea’s third-largest mobile carrier, said Friday it shifted to black in the fourth quarter from a year earlier on the back of growth in media service and 5G network subscriptions. Net income for the October-December period stood at 101.8 billion won (US$84.5 million), marking a [...]
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) [...]
SEOUL, Jan. 15 (Korea Bizwire) — South Korean lawmakers on Friday called for the speedy passage of a bill that would oblige overseas content providers, including Netflix Inc., to share the burden of network usage costs. Netflix has recently come under fire in South Korea for refusing to pay for the use of the network [...]
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 [...]
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, [...]
SEOUL, Jan. 3 (Korea Bizwire) — The number of smartphone users on 5G mobile networks had topped 20 million as of November for the first time since the service was commercialized in 2019, data showed Monday. The total number of 5G users reached 20.19 million in November last year, accounting for around 28 percent of [...]
SEOUL, Dec. 29 (Korea Bizwire) — The Ministry of Science and ICT said Wednesday it will open up public Wi-Fi networks in case of network outages to help citizens gain access to basic telecommunication services. The decision came two months after KT Corp., a major South Korean telecom operator, suffered a nationwide network outage of [...]