SEOUL, March 3 (Korea Bizwire) — KT Corp., a South Korean major wireless carrier, said Thursday it has signed a pact with a leading Turkish telecom operator for cooperation in 5G and artificial intelligence services. At the Mobile World Congress (MWC) 2022 in Barcelona, the South Korean operator signed a memorandum of understanding with Turk [...]
SEOUL, March 2 (Korea Bizwire) — South Korea will push to commercialize sixth-generation (6G) services by around 2028, the country’s science minister has said. Science and ICT Minister Lim Hye-sook made the remarks on Tuesday during her speech at the Mobile World Congress (MWC) 2022, a mobile technology trade fair under way in Barcelona. The [...]
SEOUL, March 1 (Korea Bizwire) — South Korea’s three major mobile carriers have been showcasing their latest technologies from metaverse services to artificial intelligence robots at a global mobile technology trade fair held in Spain. The Mobile World Congress (MWC) 2022 kicked off in Barcelona on Monday (local time) and is set to run until [...]
SEOUL, Feb. 21 (Korea Bizwire) — South Korea’s three major mobile carriers said Monday they will participate in the upcoming mobile technology trade fair in Spain to showcase their latest technologies despite growing coronavirus woes. The three telecommunication companies — SK Telecom Co., KT Corp. and LG Uplus Corp. — said their respective CEOs will [...]
SEOUL, Feb. 21 (Korea Bizwire) — SK Group Chairman Chey Tae-won will double as a chairman at SK Telecom Co., the mobile carrier unit under the conglomerate’s wing, to accelerate its digital innovation efforts centering on artificial intelligence (AI) technologies, SK said Monday. The board of SK Telecom has endorsed Chey as an unpaid and [...]
SEOUL, Feb. 17 (Korea Bizwire) — A planned bidding for additional 5G network frequency bands has been delayed to after this month, officials said Thursday, as three major South Korean telecom operators failed to come up with a compromise over the planned auction. In December, the Science and ICT ministry said it will open bidding [...]
SEOUL, Feb. 17 (Korea Bizwire) — KT Corp., a major South Korean telecom operator, has formalized the spin-off of its cloud services business, and its plan as an exemplary case that would contribute to improving its overall corporate value, analysts said Wednesday. The mobile carrier said Tuesday it will establish a new entity KT Cloud [...]
SEOUL, Feb. 16 (Korea Bizwire) — South Korea’s ICT ministry said Wednesday it will start providing 5G-speed Wi-Fi services inside subway trains on major lines in Seoul by the end of this year in a move to improve network services. The ICT ministry said it plans to make 5G network services on the 28-gigahertz (GHz) [...]
SEOUL, Feb. 9 (Korea Bizwire) — KT Corp., a major South Korean telecom operator, said Wednesday its fourth-quarter net profit grew by more than tenfold from a year earlier on solid growth in 5G users and new businesses, including artificial intelligence. Net income reached 424.4 billion won (US$355 million) in the October-December period on a [...]
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 [...]