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 [...]
SEOUL, Feb. 3 (Korea Bizwire) — SK Telecom Co., South Korea’s largest mobile carrier, said Wednesday it shifted to a net profit in the final quarter last year on the back of growing users on the 5G network and increased equity gains. Net income stood at 371 billion won (US$333 million) in the October-December period, [...]
SEOUL, Feb. 3 (Korea Bizwire) – South Korean mobile carriers will likely provide videoconference services for free during the upcoming Lunar New Year holiday, according to industry officials Wednesday, as in-person contact is limited to curb the spread of the new coronavirus. The Ministry of Science and ICT and the country’s three major telecom operators [...]
SEOUL, Feb. 1 (Korea Bizwire) — SK Telecom Co., South Korea’s largest wireless carrier, said Monday it will release Facebook Inc.’s latest virtual reality (VR) device, the Oculus Quest 2, as the telecom operator seeks to expand its presence in the local VR market. The mobile carrier said it will offer the device in South [...]
SEOUL, Jan. 31 (Korea Bizwire) – South Korean telecom operators are redoubling efforts to support teleconference and virtual education services as the prolonged pandemic limits in-person contact and encourages work-from-home practices. Last week, major telecom operator KT Corp. said it will launch a new cloud-based video meeting platform, KT BizMeet, targeting businesses and education services. [...]
SEOUL, Jan. 29 (Korea Bizwire) — The number of 5G subscribers in South Korea approached nearly 12 million last year since the launch of the latest mobile network in April 2019, data showed Friday. South Korea’s 5G users stood at 11.85 million as of end-December last year, up over 900,000 from the previous month, according [...]