SEOUL, Nov. 13 (Korea Bizwire) — South Korea’s three major mobile carriers have asked the government to disclose the information concerning the pricing of the frequency reallocation for the 3G and Long-Term-Evolution (LTE) networks. The telecom companies and the government have been locked in an impasse over the reallocation costs of 3G-LTE frequencies that are [...]
SEOUL, Nov. 6 (Korea Bizwire) — KT Corp., a major South Korean telecom operator, said Friday its net income rose 7.9 percent in the third quarter from a year earlier due to cost reduction. Net income reached 230.1 billion won (US$204 million) in the July-September period on a consolidated basis, compared with a profit of [...]
SEOUL, Nov. 5 (Korea Bizwire) — LG Uplus Corp., a major South Korean telecom operator, downplayed concerns Thursday over its use of network equipment by Huawei Technologies Co. amid U.S. pressure to sever ties with the Chinese company, citing the completion of equipment installation and a healthy backlog for maintenance. The United States has repeatedly [...]
SEOUL, Nov. 5 (Korea Bizwire) — SK Telecom Co., South Korea’s largest mobile carrier, said Thursday its net income rose more than 40 percent in the third quarter from a year earlier on the back of robust growth in its media business. The telecom operator’s net income stood at 395.7 billion won (US$350.5 million) in [...]
SEOUL, Nov. 3 (Korea Bizwire) — South Korea’s three major telecom operators on Tuesday called on the government to hold an auction to redistribute their network spectrum set to expire next year amid controversy over prices. Spectrum for 2G, 3G and 4G LTE networks held by the three — SK Telecom Co., KT Corp. and [...]
SEOUL, Nov. 3 (Korea Bizwire) — KT Corp., a South Korean telecom giant, said Tuesday it developed a core network technology that supports both standalone and non-standalone versions of 5G. South Korean 5G users are currently limited to the non-standalone version of the latest generation network, requiring support from the 4G LTE network. KT’s new [...]
SEOUL, Nov. 2 (Korea Bizwire) — South Korea’s 5G subscribers exceeded 9 million in September, data showed Monday. The number of 5G subscribers stood at 9.25 million as of the end of September, up 590,643 from the previous month, according to data from the Ministry of Science and ICT. The latest figure accounted for 13.2 [...]
SEOUL, Oct. 28 (Korea Bizwire) — KT Corp., a South Korean telecom giant, unveiled Wednesday its new brand KT Enterprise as part of its efforts to expand its artificial intelligence (AI), big data and cloud services for corporate clients. The wireless carrier said it will pursue developing new digital services under the new brand in [...]
SEOUL, Oct. 27 (Korea Bizwire) — SK Telecom Co., South Korea’s largest wireless provider, said Tuesday it will open a new flagship store by partnering with Apple Inc. and Microsoft Corp. The new store, named T Factory, in the trendy neighborhood of Hongik University in western Seoul, will open on Oct. 31, according to the [...]
SEOUL, Oct. 26 (Korea Bizwire) — Controversy is flaring up over Google Inc.’s alleged profit-sharing collusion with local mobile carriers and smartphone makers. Rep. Yoon Young-chan of the ruling Democratic Party disclosed in the National Assembly’s parliamentary audit of the Ministry of Science and ICT held on Friday that Google, in collaboration with local mobile [...]