SEOUL, July 21 (Korea Bizwire) — South Korea’s telecommunications regulator fined telecom giant KT Corp. 500 million won (US$434,000) Wednesday for providing internet services that were slower than what users had paid for. After a joint investigation by the Korea Communications Commission and the Ministry of Science and ICT, KT was found to have erroneously [...]
SEOUL, July 17 (Korea Bizwire) — South Korean wireless carriers are set to report robust second quarter earnings on the back of a continued growth of 5G network users, according to analysts. The combined operating profits of the country’s three major carriers — SK Telecom Co., KT Corp. and LG Uplus Corp. — are projected [...]
SEOUL, July 15 (Korea Bizwire) — KT Corp., a South Korean telecom giant, said Thursday it has commercialized standalone 5G, becoming the first mobile carrier in the country to deploy the network technology. Although South Korean carriers first commercialized 5G networks in April 2019, they have been available on non-standalone mode, requiring support from 4G [...]
SEOUL, July 15 (Korea Bizwire) — LG Uplus Corp., a major South Korean telecom operator, said Thursday it has signed a memorandum of understanding with Japan’s largest mobile carrier KDDI to find new business applications for 5G network technology and strengthen cooperation to prepare for future 6G networks. Under the agreement, the two aim to [...]
SEOUL, July 14 (Korea Bizwire) — SK Telecom Co., South Korea’s largest wireless carrier, said Wednesday it has launched a new metaverse platform in a move to capture growing demand for the technology as more users shift their daily activities to digital spaces amid the pandemic. The metaverse refers to a shared virtual space where [...]
SEOUL, July 13 (Korea Bizwire) — KT Corp., a South Korean telecom giant, said Tuesday it will make millimeter wave (mmWave) 5G services available at a baseball stadium in a move to step up efforts to commercialize the technology. Although local mobile carriers offer 5G networks on the mid-band spectrum, they have yet to commercialize [...]
SEOUL, July 13 (Korea Bizwire) — The subscription economy is emerging as a new growth engine for South Korea’s major mobile carriers, which are embracing post-telecommunications strategies. This move reflects their desire to connect the benefits of the membership that they have long established with subscription services. Among the nation’s big three telecom operators, SK [...]
SEOUL, July 12 (Korea Bizwire) — The Seoul Metropolitan Government said Sunday that it will establish a city-wide public Internet of Things (IoT) network by 2023 and set up the operating platform at City Hall by the end of this year. The city government plans to collect a variety of data including that related to [...]
SEOUL, July 6 (Korea Bizwire) — LG Group, South Korea’s fourth-largest conglomerate, is apparently looking to beef up its business relationship with Apple Inc., industry insiders said Tuesday, amid rumors that its electronics affiliate may sell the U.S. tech titan’s products at its retail shops. LG recently held a special promotion for iPhones, iPads and [...]
SEOUL, July 1 (Korea Bizwire) — South Korean mobile users on 5G networks reached nearly 16 million in May, data showed Thursday, as telecom operators seek to expand applications of the next generation networks. As of the end of May, 5G subscriptions stood at 15.84 million, accounting for 22 percent of the total 71.45 million [...]