SEOUL, Aug. 8 (Korea Bizwire) — SK Telecom Co., South Korea’s largest wireless carrier, said Tuesday its second-quarter net profit rose 35 percent year-over-year driven by a one-off profit related to its investment in a U.S mobility company. Net income came to 347.8 billion won (US$265.8 million) in the April-June period, up 34.8 percent from [...]
SEOUL, Aug. 8 (Korea Bizwire) — LG Uplus Corp., South Korea’s No. 3 mobile carrier, said Tuesday its second-quarter net profit rose nearly 32 percent from a year earlier, driven by its robust wireless business. Its net income amounted to 213.3 billion won (US$163.3 million) in the April-June period, up 31.7 percent from the year-ago [...]
SEOUL, Aug. 7 (Korea Bizwire) — KT Corp., South Korea’s No. 2 wireless carrier, said Monday its second-quarter net income jumped 19 percent from a year earlier thanks to robust sales in business-to-business operations. KT’s net profit reached 432.5 billion won (US$331.8 million) in the three months through June on a consolidated basis, up from [...]
SEOUL, Aug. 5 (Korea Bizwire) — KT Corp., a major telecom operator in South Korea, said Friday it has nominated a new chief executive after months of leadership vacuum. The telecom giant’s board of directors nominated Kim Young-shub, former CEO of IT service provider LG CNS Co., as its new leader, KT said in a [...]
SEOUL, July 25 (Korea Bizwire) — Samsung Electronics Co.’s upcoming Galaxy Z Flip 5 foldable phone and Z Fold 5 will be equipped with a function to inform users about any defective universal subscriber identity module (USIM). LG Uplus Corp., South Korea’s No. 3 mobile carrier, said Monday it has developed this feature in collaboration [...]
SEOUL, July 10 (Korea Bizwire) — A senior government official on Monday hinted at the possibility of opening the door of the South Korean mobile communications market to a foreign operator as part of its effort to enhance competition. “We will give adequate policy support to a company in accordance with its request. If it [...]
SEOUL, July 6 (Korea Bizwire) — The South Korean government said Thursday it will give more incentives to new operators for a high-speed 5G network frequency band in a bid to enhance competition in the local communications market. New operators will be given priority to use 28 gigahertz frequency bands and one of the two [...]
SEOUL, July 3 (Korea Bizwire) — LG Uplus Corp., South Korea’s No. 3 mobile carrier, said Monday that it has inked a deal with Kakao Mobility Corp., a mobility subsidiary of South Korea’s tech giant Kakao Corp., to set up a joint venture in a bid to make inroads into the electric vehicle charging station [...]
SEOUL, June 29 (Korea Bizwire) — SK Telecom Co. and KT Corp. are accelerating their efforts to expand coverage and improve speed in order to maintain their leadership in 5G mobile network quality and prevent LG Uplus Corp. from taking the lead. Since March, the two telecom operators have been replacing 5G base station equipment [...]
SEOUL, June 6 (Korea Bizwire) – The number of smartphone users on 5G mobile networks had topped 30 million as of April for the first time since the service was commercialized in 2019, data showed Tuesday. The total number of 5G users reached 30.02 million in April, accounting for 38.1 percent of the total 78.79 [...]