SEOUL, May 12 (Korea Bizwire) — KT Corp., South Korea’s leading telecommunications firm, said Tuesday it has joined hands with Hyundai Construction Equipment Co. to develop 5G-based remote control platform for construction equipment and industrial trucks. Under the memorandum of understanding (MOU), the two sides will collaborate in developing various technologies for the builder’s autonomous [...]
SEOUL, May 11 (Korea Bizwire) — SK Telecom Co. said Monday its car infotainment system will be installed in Volvo vehicles sold in South Korea. Under the partnership with Volvo Car Korea Co., the South Korean telecommunications firm will supply its in-vehicle infotainment (IVI) system and will cooperate to develop IVI-related technologies. SK Telecom said [...]
SEOUL, May 7 (Korea Bizwire) — SK Telecom Co., South Korea’s top mobile carrier, said Thursday its net income dropped 17.9 percent from a year earlier due to reduced equity gains and investments related to its 5G service. In a regulatory filing, SK Telecom reported a net income of 306.8 billion won (US$250 million) in [...]
SEOUL, April 14 (Korea Bizwire) — Netflix, the world’s leading video streaming service provider, has filed a lawsuit against a local internet service provider over network usage fees, industry insiders said Tuesday. Netflix Services Korea Ltd., the Korean unit of the U.S. streaming giant, filed the suit against SK Broadband Inc. requesting a Seoul court [...]
SEOUL, April 11 (Korea Bizwire) — South Korean telecommunication firms are expected to post weak earnings in the first quarter of the year, analysts here said, as 5G marketing costs still weigh down their bottom lines amid the novel coronavirus outbreak. The combined operating profit of the country’s three mobile operators — SK Telecom Co., [...]
SEOUL, April 1 (Korea Bizwire) — The number of subscribers to the 5G mobile network in South Korea passed the 5 million mark in February, 10 months after its commercialization, government data showed Wednesday. Nearly 5.37 million South Koreans subscribed to the top-of-the-line wireless network as of end-February, up 8.1 percent from the previous month, [...]
SEOUL, March 22 (Korea Bizwire) — LG Uplus Corp., South Korea’s No. 3 mobile carrier, said Sunday it will supply 5G virtual reality (VR) content to Hong Kong’s largest telecommunication firm. LG Uplus’ VR content will be also available on Hong Kong Telecommunications (HKT) Ltd.’s 5G service starting next month, the company said. This is [...]
SEOUL, March 8 (Korea Bizwire) — SK Telecom Co., South Korea’s leading mobile carrier, said Sunday it will establish a joint venture with major telecommunication firms from Singapore and Thailand to better develop gaming and esports services for the Southeast Asian market. SK Telecom said it has joined hands with Singapore Telecommunications Ltd. (Singtel) and [...]
SEOUL, March 5 (Korea Bizwire) — South Korean telecom companies will invest 4 trillion won (US$3.4 billion) in the first half of 2020 as part of their efforts to cope with the fallout from the novel coronavirus outbreak, sources said Thursday. The country’s three mobile operators — SK Telecom, KT Corp., and LG Uplus — [...]
SEOUL, March 5 (Korea Bizwire) — Samsung Electronics Co. on Thursday said it will supply 5G network equipment to New Zealand’s largest mobile carrier. Under the deal with Spark New Zealand Ltd., Samsung will supply 5G network equipment and will help the mobile carrier develop its 5G infrastructure this year. The value of the deal, [...]