SEOUL, Aug. 18 (Korea Bizwire) — South Korea’s major wireless operators are eagerly setting their sights on entering the urban air mobility (UAM) industry, which the government is aiming to open up commercially in 2025. The three mobile telecoms — SK Telecom Co., KT Corp and LG Uplus Corp. — have all formed consortiums of [...]
SEOUL, Aug. 10 (Korea Bizwire) — KT Corp., South Korea’s No. 2 wireless carrier, said Wednesday its second-quarter net edged down on-year amid an increase in operating expenses. KT’s net income amounted to 363.4 billion won (US$277.8 million) on a consolidated basis in the April-June period, down 2 percent from a year earlier, the company [...]
SEOUL, Aug. 9 (Korea Bizwire) — SK Telecom Co., South Korea’s largest wireless carrier, said Tuesday that its second-quarter net profit dropped 67.6 percent from a year earlier due mainly to last year’s spinoff of its semiconductor businesses. The company logged a net profit of 258.1 billion won (US$197.7 million) on a consolidated basis in [...]
SEOUL, Aug. 4 (Korea Bizwire) — Samsung Electronics Co. said Thursday it will provide 5G solutions and equipment to Indian telecommunications company Bharti Airtel, marking the South Korean tech giant’s first 5G equipment deal from India. Airtel, the world’s fourth-largest communications solutions provider by users, is set to roll out 5G network in India in [...]
SEOUL, July 26 (Korea Bizwire) – “Extraordinary Attorney Woo,” a South Korean TV series about a rookie lawyer with autism spectrum disorder, has become the latest global K-drama sensation, dominating local cable show ratings and topping Netflix’s viewership chart of non-English shows for multiple weeks. And for all the praise the show has garnered, fans [...]
SEOUL, July 21 (Korea Bizwire) — The Ministry of Science and ICT said Wednesday it had launched the first stage of commercialization of 5G roaming service in some farming and fishing villages. The first stage of commercialization was launched in 149 eups (towns) and myeons (townships) in 22 cities and counties based on comprehensive consideration [...]
SEOUL, July 11 (Korea Bizwire) — The government is introducing a 5G network to replace LTE-based public Wi-Fi on public buses to expand access to the internet and help the public save on their mobile phone bills. The Ministry of Science and ICT installed 5G networking equipment on the first batch of 4,200 public buses [...]
SEOUL, July 11 (Korea Bizwire) — Science and ICT Minister Lee Jong-ho on Monday met with the heads of South Korea’s three major telecom operators and requested the introduction of a new mid-tier mobile data product category that better suits users’ data usage. The request came amid recent calls that currently available two tier 5G [...]
SEOUL, July 6 (Korea Bizwire) — LG Uplus Corp., South Korea’s third-largest mobile carrier, said Wednesday it has reached a tentative deal with Finnish tech giant Nokia Corp. to cooperate in research and development (R&D) projects for next-generation wireless standards. According to LG Uplus, the two signed a memorandum of understanding Tuesday, calling for R&D [...]
SEOUL, May 13 (Korea Bizwire) — LG Uplus Corp., South Korea’s third-largest mobile carrier, said its first-quarter net profit slumped 15.2 percent from a year earlier due to decreased profits related to handset sales. LG Uplus logged a net profit of 170.4 billion won (US$132.2 million) on a consolidated basis in the three months ending [...]