BUSAN, May 2 (Korea Bizwire) — A towering shipyard crane nimbly moves over stacks of cargo crates at a terminal in Busan Port, South Korea’s largest seaport 453 kilometers southeast of Seoul, to snatch a container box and gently load it onto a truck. While the scene is business as usual for the bustling port [...]
SEOUL, April 30 (Korea Bizwire) — The number of 5G users in South Korea stood at over 14 million last month, two years after the networks first went live in the country, data showed Friday, as the country pushes to accelerate adoption of the latest generation networks. As of the end of March, 5G subscriptions [...]
SEOUL, April 29 (Korea Bizwire) — SK Telecom Co., South Korea’s largest mobile carrier, said Thursday it has launched an alliance with global tech giants, including Microsoft Corp. and SAP, to support local startups in the environmental, social and governance (ESG) sectors. The alliance, named ESG Korea 2021, will offer information and communication technology-based solutions [...]
SEOUL, April 28 (Korea Bizwire) — The chief of Ericsson-LG, a telecom equipment joint venture between Sweden-based Ericsson and South Korea’s LG Electronics Inc., said Wednesday that there will be no impact to its business even after the local tech giant’s planned exit from its loss-making handset business. LG Electronics said earlier this month that [...]
SEOUL, April 26 (Korea Bizwire) — South Korean telecom giant KT Corp. said Monday it launched a nationwide emergency telecommunications network with Samsung Electronics Co. in a move to boost the country’s response system against natural disasters and emergencies. The government-led project to establish a next-generation wireless network allows for more efficient response against major [...]
SEOUL, April 21 (Korea Bizwire) — The chief of SK Telecom Co. said Wednesday the wireless carrier will likely work with Amazon.com Inc. in video streaming services as the country’s leading mobile carrier seeks to grow efforts to boost its non-mobile businesses. SK Telecom currently holds a major stake in local video streaming service operator [...]
SEOUL, April 19 (Korea Bizwire) — Nokia Corp., a Finnish telecom equipment giant, said Monday it has signed an agreement with South Korean mobile carrier LG Uplus Corp. to install its next-generation indoor 5G equipment here. Nokia said it will deploy its small cell AirScale Indoor systems in indoor locations across the country, including shopping [...]
SEOUL, April 15 (Korea Bizwire) — South Korea’s three major mobile carriers will share their 5G networks in remote coastal and farm towns in a move to accelerate the rollout of the latest generation networks, the ICT ministry said Thursday. The carriers — SK Telecom Co., KT Corp. and LG Uplus Corp. — signed an [...]
SEOUL, April 14 (Korea Bizwire) — SK Telecom Co., South Korea’s largest mobile carrier, said Wednesday it will create a new holding company for its non-mobile subsidiaries to accelerate growth in promising fields and tighten its grip on its chipmaking unit, SK hynix Inc. The telecom operator said that it will conduct a spinoff to [...]
SEOUL, April 11 (Korea Bizwire) — South Korean wireless carriers are estimated to have logged robust earnings in the first quarter on the back of sharp growth in 5G users and their non-telecom businesses, a poll showed Sunday. The combined operating profits of the country’s three major mobile carriers — SK Telecom Co., KT Corp. [...]