SEOUL, Dec. 29 (Korea Bizwire) — A civic group has suggested that the nation’s three major carriers — SK Telecom Co., KT Corp. and LG Uplus Corp. — have chalked up huge profits from 4G LTE services over the past 10 years. The People’s Solidarity for Participatory Democracy analyzed LTE sales statistics for the period [...]
SEOUL, Dec. 22 (Korea Bizwire) – The Ministry of Science and ICT on Tuesday made an administrative notice on the upward revision of the output standards for some Wi-Fi 6E (6th Generation Extended) frequency bands. Compared to existing Wi-Fi 6, Wi-Fi 6E that uses the 6 gigahertz (GHz) frequency band (5,925∼7,125 megahertz (MHz)) is up [...]
SEOUL, Dec. 1 (Korea Bizwire) — The number of smartphone users on 5G mobile networks had topped 19 million as of October, data showed Wednesday, as new smartphone launches boosted user growth in the latest generation networks. The total number of 5G users reached 19.38 million in October, accounting for around 27 percent of the [...]
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 [...]
SEOUL, Nov. 9 (Korea Bizwire) — KT Corp., a South Korean telecom giant, said Tuesday its third-quarter net income rose 46.9 percent from a year earlier on the back of robust growth of 5G network subscribers as well as its media content businesses. Net income for the July-September period stood at 337.7 billion won (US$286.7 [...]
SEOUL, Nov. 5 (Korea Bizwire) — LG Uplus Corp., South Korea’s third-largest mobile carrier, said Friday its third-quarter net profit fell 47.7 percent from a year earlier due mainly to the sale of its business unit. Net profit for the three months that ended in September fell to 211 billion won (US$177.1 million) from a [...]
SEOUL, Nov. 1 (Korea Bizwire) — SK Telecom Co. on Monday named the former head of its mobile network operations division Ryu Young-sang as its new CEO following the launch of its non-telecom spinoff SK Square. Ryu has been working for SK Telecom since 2000 and is known for his expertise in mergers and acquisitions, [...]
SEOUL, Oct. 28 (Korea Bizwire) — South Korean information and communications technology (CT) companies are diversifying networks for customer service and businesses to protect themselves from network failures. The operator of the mobile financial transaction application Toss plans to duplex its intra-network next week by joining an additional mobile carrier, following an hour-long internet blackout caused [...]
SEOUL, Oct. 27 (Korea Bizwire) – The government said Wednesday that it plans to introduce 5G-equipped buses across the country by 2023, giving citizens access to free wireless internet that is up to four times faster. The Ministry of Science and ICT said 29,100 out of 35,000 city buses across the country will be upgraded [...]
SEOUL, Oct. 12 (Korea Bizwire) — LG Uplus Corp., a major South Korean telecom operator, has announced the world’s first commercialization of a Physical Unclonable Function (PUF)-based Universal Subscriber Identity Module (USIM) in collaboration with security solutions company ICTK Holdings. PUF is a technology that prevents counterfeits or modifications using the difference in microstructure of [...]