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 [...]
SEOUL, May 13 (Korea Bizwire) — Samsung Electronics Co. on Friday held its first 6G forum with experts from academia and industry to discuss the future of communications technologies, in a bid to lead 6G research and development and standardization. At the forum, titled “The Next Hyper-Connected Experience for All,” global industry experts had presentations [...]
SEOUL, May 12 (Korea Bizwire) — KT Corp., South Korea’s No. 2 telecom operator, said Thursday its first quarter net profit increased 39.5 percent thanks to strong performances across its media, mobile commerce and enterprise products. The company said in a regulatory filing that its net profit for the January-March period stood at 455.4 billion [...]
SEOUL, May 10 (Korea Bizwire) — SK Telecom Co., South Korea’s largest mobile carrier, said Tuesday its first-quarter net profit dropped 61.5 percent from a year earlier due mainly to the exclusion of equity gains from chipmaker SK hynix Inc., which was handed over to a spinoff investment company last year. The company said in [...]
SEOUL, May 3 (Korea Bizwire) — Samsung Electronics Co., a South Korean tech giant, said Tuesday that it has reached a deal to supply 5G network and other telecommunications equipment to DISH Network Corp., a U.S. mobile phone operator. Samsung did not reveal the value of the deal with the U.S.’s fourth-largest wireless carrier, but [...]
SEOUL, April 8 (Korea Bizwire) — The Ministry of Oceans and Fisheries and the National Radio Research Agency jointly announced on Thursday that the nation’s locally-developed ‘base station-based sonar wireless telecommunication network technology’ had been designated as an international standard. The ministry has allocated 19.3 billion won (US$15.7 million) in funding for the ‘distribution-type underwater [...]
SEOUL, April 7 (Korea Bizwire) — KT Corp., a major South Korean telecom operator, said Thursday that it plans to invest 500 billion won (US$410 million) over the next years to expand its lineup of intellectual property in media content. As part of an ambitious goal to become the country’s leading media group, KT said [...]
SEOUL, March 31 (Korea Bizwire) — South Korean wireless carriers have announced a plan to form a investment fund to nurture promising companies in environmental, social and governance (ESG) sectors. This is the first case in which the leading companies of a specific industry are uniting forces to set up a fund. The country’s three [...]