SEOUL, Oct. 9 (Korea Bizwire) — South Korean telecom operators are expected to report robust earnings for the third quarter, analysts said Saturday, as subscriptions to pricier 5G mobile plans pick up steam. The combined operating profits of the country’s three major mobile carriers — SK Telecom Co., KT Corp. and LG Uplus Corp. — [...]
SEOUL, Oct. 6 (Korea Bizwire) — Around a quarter of South Korea’s mobile subscriptions were on 5G networks in August, data showed Wednesday, as new smartphone launches boosted user growth in the latest generation networks. As of end-August, there were 17.8 million 5G network users, accounting for 24.8 percent of the country’s total 71.9 million [...]
SEOUL, Sept. 30 (Korea Bizwire) — SK Broadband Co., a major South Korean internet service provider (ISP), said Thursday it has filed a lawsuit against Netflix to demand network usage fees after a local court ruled against the video streaming giant on the dispute earlier this year. In June, the Seoul Central District Court dismissed [...]
SEOUL, Sept. 27 (Korea Bizwire) — The number of 5G network base stations in South Korea accounted for just 11 percent of the total in the second quarter, data showed Monday, amid continued user complaints against the latest generation networks. As of the April-June period, there were 162,099 5G base stations in the country, compared [...]
SEOUL, Sept. 17 (Korea Bizwire) — KT Corp., a South Korean telecom giant, said Friday it will purchase 175 billion won (US$150 million) worth of stocks in its media unit KT Studio Genie as part of efforts to bolster its growing entertainment business. The telecom operator said it will purchase 8.75 million shares in the [...]
SEOUL, Sept. 10 (Korea Bizwire) — South Korean telecom operators have so far installed less than 200 base stations that support millimeter wave (mmWave) 5G, data showed Friday, highlighting the lack of progress to commercialize the technology that unlocks the fastest speeds on the network. Major mobile carriers — SK Telecom Co., KT Corp. and [...]
SEOUL, Sept. 9 (Korea Bizwire) — South Korean telecom giant KT Corp. said Thursday it has acquired global data company Epsilon Global Communications Pte. Ltd. to bolster the telecom operator’s data communications infrastructure. KT said in a release it signed a deal Wednesday to acquire the company with Daishin Private Equity under South Korean brokerage [...]
SEOUL, Sept. 7 (Korea Bizwire) — KT Corp., a South Korean telecom giant, announced that it would launch a pilot project for an artificial intelligence (AI)-based smart parking control system in the Russian border town of Vladivostok, aimed at alleviating traffic congestion by improving parking efficiency. As part of the pilot project, KT will be [...]
SEOUL, Sept. 1 (Korea Bizwire) — South Korea’s 5G user base continued to expand in July to reach over 17 million users, data showed Wednesday, with the growth expected to pick up later this year on the back of launches of new devices. The total number of 5G subscriptions stood at 17.08 million in July, [...]
SEOUL, Aug. 31 (Korea Bizwire) — The speed and coverage of 5G networks in South Korea improved this year as the country races to lay out nationwide coverage of the latest generation networks by next year, the ICT ministry said Tuesday. Average download speeds using 5G networks from the country’s three major mobile carriers — [...]