SEOUL, Feb. 26 (Korea Bizwire) – South Korea’s 5G subscriptions jumped by over one million for the first time last month to reach nearly 13 million users, data showed Friday. The country’s 5G subscriptions reached 12.87 million as of end-January, up 1.02 million from the previous month, according to the data from the Ministry of [...]
SEOUL, Feb. 24 (Korea Bizwire) — South Korea’s ICT ministry said Wednesday it made over 15,000 new public Wi-Fi service zones available across the country and in buses last year, bringing the total locations with free public Wi-Fi to over 57,000. The Ministry of Science and ICT said the public can access free Wi-Fi in [...]
SEOUL, Feb. 17 (Korea Bizwire) — SK Telecom Co., South Korea’s leading mobile carrier, announced Tuesday that it will join hands with the local unit of British banking giant Standard Chartered Bank to set up the first MyData Cloud system in the banking sector. MyData collects private credit information dispersed throughout various financial firms to [...]
SEOUL, Feb. 17 (Korea Bizwire) — SK Telecom Co., the country’s largest mobile carrier, said Wednesday it joined hands with its security subsidiary ADT Caps Co. and local video management solution company Innodep Inc. to develop artificial intelligence (AI)-based video analysis services. Under an agreement, the three companies will develop such services to effectively manage [...]
SEOUL, Feb. 14 (Korea Bizwire) — South Korean mobile carriers are aiming for mass user migration to 5G networks this year after failing to meet their subscriber targets in 2020 amid the pandemic. The country ended last year with a total 11.85 million 5G subscribers, with SK Telecom Co., the country’s largest wireless carrier, leading [...]
SEOUL, Feb. 10 (Korea Bizwire) — South Korea’s corporate watchdog said Wednesday it has approved a move by SK Telecom Co.’s mobility spinoff to launch a taxi-hailing joint venture with Uber Technologies Inc. T Map Mobility, wholly owned by SK Telecom, the country’s biggest mobile carrier, plans to set up a taxi-hailing joint venture with [...]
SEOUL, Feb. 9 (Korea Bizwire) — Video calls will be free of charge during the Lunar New Year holiday to encourage virtual family meetings, the ICT ministry said Tuesday, as the country’s efforts to curb new coronavirus cases limit in-person contact. The Ministry of Science and ICT said the country’s three major telecom operators — [...]
SEOUL, Feb. 9 (Korea Bizwire) – KT Corp., a major South Korean telecom operator, said Tuesday it shifted to a net profit during the final quarter of last year on the back of growing 5G users. Net income reached 39.1 billion won (US$35 million) in the October-December period on a consolidated basis, compared with a [...]
SEOUL, Feb. 7 (Korea Bizwire) — South Korean mobile carriers are expanding services integrated with artificial intelligence (AI) technology as they shift focus from telecommunications to find new growth drivers. Last week telecom giant KT Corp. joined hands with Hyundai Home Shopping Network Corp. to establish an AI call center at the retail company’s headquarters [...]
SEOUL, Feb. 3 (Korea Bizwire) — LG Uplus Corp., a major South Korean telecom operator, said Wednesday it shifted to a net loss in the fourth quarter last year due to increased marketing costs of new phones. Net loss stood at 224.7 billion won (US$201.7 million) in the October-December period last year, compared with a [...]