SEOUL, Jan. 19 (Korea Bizwire) – Mergers and acquisitions are heating up in South Korea’s information technology industry this year. With the Fourth Industrial Revolution on the horizon, IT industry leaders like Kakao and SKT are poised to expand their presence by merging with companies in the content industry. According to industry sources, Kakao recently issued [...]
SEOUL, Jan. 10 (Korea Bizwire) – Facebook Inc. is willing to negotiate with South Korea’s telecommunications providers over sharing the cost of maintaining the speed of its data traffic services, the company’s vice president said Wednesday. Since 2016, the U.S. social networking giant has been in dispute with SK Broadband Co. and LG Uplus after refusing to pay for a cache server that [...]
SEOUL, Jan. 10 (Korea Bizwire) — Hyundai Motor Co. and Cisco Systems Inc. said they will team up to produce a next-generation, hyperconnected car next year in the latest move to stay ahead of global competition as sweeping changes in transportation and mobility pick up pace. The two firms aim to create a flexible and [...]
SEOUL, Jan. 5 (Korea Bizwire) — ICT Minister Yoo Young-min met with the heads of the country’s main mobile carriers Friday, asking for a joint effort to swiftly set up fifth-generation network technology. The Ministry of Science and ICT and the firms — SK Telecom Co., KT Corp. and LG Uplus Inc. — have plans [...]
DAEJEON, Jan. 5 (Korea Bizwire) — By next year, a wireless network 100 times faster than the one currently in place will be installed throughout Seoul’s subway infrastructure. The Electronics and Telecommunications Research Institute (ETRI) announced on January 4 that it will start by testing a “Mobile Hotspot Network” (MHN) on subway line 8 cars. [...]
SEOUL, Jan. 4 (Korea Bizwire) — Samsung Electronics Co. said Thursday it has clinched a deal with U.S. mobile carrier Verizon Communications to supply commercial fifth-generation network equipment. Samsung and Verizon plan to kick off commercial 5G services in Sacramento, California, over the second half of 2018, the South Korean tech giant said in a [...]
SEOUL, Jan. 3 (Korea Bizwire) – Infrastructure investment in 5G networks is expected to intensify in South Korea this year, with major telecom providers expected to commercialize the advanced networks in 2019. According to the Ministry of Science and ICT and sources close to the mobile industry, the government and the three major South Korean mobile [...]
SEOUL, Dec. 29 (Korea Bizwire) – The Ministry of Science and ICT has revealed a comprehensive plan to build a hyper-connected smart network including the sale of 5G frequency bands and faster Wi-Fi speeds on the subway. The science ministry announced during a meeting with a Fourth Industrial Revolution committee that 5G frequency bands will [...]
SEOUL, Dec. 27 (Korea Bizwire) – A new government report has revealed that South Korean LTE networks are significantly slower in rural areas compared to major cities. According to the network quality evaluation released by the Ministry of Science and ICT and the National Information Society Agency on Tuesday, network speeds in rural areas were estimated [...]
SEOUL, Dec. 21 (Korea Bizwire) – Samsung Electronics Co. said Thursday it has joined hands with No. 2 mobile carrier KT Corp. to provide a next-generation communications network for a new bullet train line that serves a key Olympic venue. It marks the first time that the long-term evolution railway network has been installed on [...]