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 [...]
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 [...]