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Science Ministry to Auction 5G Frequency Bands and Improve Subway Wi-Fi Speeds

Science Ministry to Auction 5G Frequency Bands and Improve Subway Wi-Fi Speeds

SEOUL, Dec. 29 (Korea Bizwire) – The Ministry of Science and ICT has revealed a comprehensive plan to build a hyper-connected smart network including the sale of 5G frequency bands and faster Wi-Fi speeds on the subway. The science ministry announced during a meeting with a Fourth Industrial Revolution committee that 5G frequency bands will [...]

LTE Speeds Significantly Slower in the Countryside

LTE Speeds Significantly Slower in the Countryside

SEOUL, Dec. 27 (Korea Bizwire) – A new government report has revealed that South Korean LTE networks are significantly slower in rural areas compared to major cities. According to the network quality evaluation released by the Ministry of Science and ICT and the National Information Society Agency on Tuesday, network speeds in rural areas were estimated [...]

‘5G Technology Village’ Opens in Pyeongchang

‘5G Technology Village’ Opens in Pyeongchang

PYEONGCHANG, Dec. 21 (Korea Bizwire) – A secluded town in Pyeongchang has been revamped as a ‘5G technology village’ where Olympics-goers from all over the world will be able to experience next-generation innovations. According to official PyeongChang Olympics sponsor KT, the world’s first village equipped with 5G networks opened in Daegwallyeong on Wednesday, in the presence [...]

S. Korean Government Mulls Cryptocurrency Taxes

S. Korean Government Mulls Cryptocurrency Taxes

SEJONG, Dec. 18 (Korea Bizwire) – Word from government departments indicates a task force comprised of National Tax Service officials and blockchain experts will soon be formed, with the purpose being to resolve the issue of appropriate taxation for the cryptocurrency industry. There has been some consternation regarding the question of taxes on currencies like [...]

S. Korean Telecoms Bet on 5G, AI

S. Korean Telecoms Bet on 5G, AI

SEOUL, Dec. 11 (Korea Bizwire) — Major South Korean telecom companies are reshuffling their staff with a focus shift to more profitable and long-term projects such as 5G and AI. According to sources close to the mobile industry, SK Telecom has reorganized seven of its departments and prioritized units dealing with up-and-coming and next-generation services such [...]

LG Electronics Develops LTE-based Autonomous Driving Technology

LG Electronics Develops LTE-based Autonomous Driving Technology

SEOUL, Dec. 10 (Korea Bizwire) – LG Electronics Co. has developed an LTE-based autonomous driving technology as part of its ongoing effort to make a presence in the next-generation vehicle market, the company said Sunday. On top of its mainstay handset and home appliance businesses, LG Electronics has stepped up efforts to diversify its portfolios, [...]

Mobile Carriers Criticize Finnish Report Stating S. Korean Mobile Data Most Expensive

Mobile Carriers Criticize Finnish Report Stating S. Korean Mobile Data Most Expensive

SEOUL, Dec. 6 (Korea Bizwire) – Mobile carriers have issued criticism of the methodology through which the Finnish consulting firm Rewheel gathered the data for its Digital Fuel Monitor report, which singled out South Korea for having the heftiest smartphone data fees among 41 countries. The report, released on December 1, examined the prices set [...]

Government Considering Task Force to Regulate Cryptocurrencies

Government Considering Task Force to Regulate Cryptocurrencies

SEOUL, Dec. 5 (Korea Bizwire) – The government is mulling plans to launch a task force dedicated to dealing with issues related to cryptocurrencies such as Bitcoin speculation and hacking attacks against cryptocurrency exchanges. According to the Ministry of Justice on Monday, plans are being considered by the government to launch a task force to more [...]