SEOUL, May 31 (Korea Bizwire) — Mobile users on 5G networks in South Korea reached over 15 million last month, data showed Monday, as telecom operators race to acquire more users on the latest generation networks. As of the end of April, 5G subscriptions stood at 15.15 million, accounting for 21.25 percent of the total [...]
SEOUL, May 26 (Korea Bizwire) — SK Telecom Co. has been found to be engaged in illegal marketing by offering foreigners additional subsidies in exchange for subscribing to the company’s service plans, generating criticism that the company’s reckless activities to attract more subscribers while evading regulations have resulted in discrimination against South Koreans. Industry sources [...]
SEOUL, May 25 (Korea Bizwire) — South Korea’s ICT ministry on Tuesday said it has approved LG Uplus Corp.’s plan to phase out its 2G services by the end of June, which will mark the complete termination of the country’s old telecommunications network. LG Uplus, the country’s third-largest mobile carrier, will begin closing its 2G [...]
SEOUL, May 15 (Korea Bizwire) — South Korean telecom operators are joining other internet service providers to expand their footholds in data centers as the pandemic drives demand for online services and to tackle a surge in data traffic amid the increased penetration of the 5G network across the country. Telecom giant KT Corp. launched [...]
SEOUL, May 12 (Korea Bizwire) — LG Uplus Corp., South Korea’s third-largest mobile carrier, said Wednesday its first-quarter net profit rose 35 percent from a year earlier on the back of growth in 5G network subscriptions. Net income for the January-March period stood at 200.9 billion won (US$178.9 million), compared with 148.8 billion won the [...]
SEOUL, May 11 (Korea Bizwire) — LG Uplus Corp., a major South Korean telecom operator, said Tuesday it will invest more than 300 billion won (US$267.9 million) to build a new internet data center amid growing user demand. The company said in a regulatory filing that it will invest 318.1 billion won for a new [...]
SEOUL, May 11 (Korea Bizwire) — KT Corp., a South Korean telecom giant, said Tuesday its first-quarter net profit rose 43.7 percent from a year earlier on the back of growth in 5G users and new tech businesses. Net income for the January-March period stood at 326.5 billion won (US$292 million) on a consolidated basis, [...]
SEOUL, May 11 (Korea Bizwire) — SK Telecom Co., South Korea’s largest mobile carrier, said Tuesday its first-quarter net income nearly doubled on the back of increased equity gains and growth in its 5G subscriber base. Net profit stood at 572 billion won (US$510.8 million), up 86.95 percent from a year earlier, while operating profit [...]
SEOUL, May 7 (Korea Bizwire) — South Korea’s telecom operators have vowed to expand investment, presenting a rosy blueprint for the 5G era. Nonetheless, the number of base stations in the country has started to decline for the first time since 2012, data showed Thursday. According to the Korea Communications Agency, the number of wireless [...]
SEOUL, May 6 (Korea Bizwire) — KT Corp., a South Korean telecom giant, said Thursday it has formed business ties with IBM Korea and local major banking firm Woori Bank to develop artificial intelligence (AI) technology for financial services. The three will establish an AI lab to develop new services, such as an AI-based language [...]