PYEONGCHANG, Dec. 21 (Korea Bizwire) – A secluded town in Pyeongchang has been revamped as a ‘5G technology village’ where Olympics-goers from all over the world will be able to experience next-generation innovations. According to official PyeongChang Olympics sponsor KT, the world’s first village equipped with 5G networks opened in Daegwallyeong on Wednesday, in the presence [...]
SEJONG, Dec. 18 (Korea Bizwire) – Word from government departments indicates a task force comprised of National Tax Service officials and blockchain experts will soon be formed, with the purpose being to resolve the issue of appropriate taxation for the cryptocurrency industry. There has been some consternation regarding the question of taxes on currencies like [...]
SEOUL, Dec. 11 (Korea Bizwire) — Major South Korean telecom companies are reshuffling their staff with a focus shift to more profitable and long-term projects such as 5G and AI. According to sources close to the mobile industry, SK Telecom has reorganized seven of its departments and prioritized units dealing with up-and-coming and next-generation services such [...]
SEOUL, Dec. 10 (Korea Bizwire) – LG Electronics Co. has developed an LTE-based autonomous driving technology as part of its ongoing effort to make a presence in the next-generation vehicle market, the company said Sunday. On top of its mainstay handset and home appliance businesses, LG Electronics has stepped up efforts to diversify its portfolios, [...]
SEOUL, Dec. 6 (Korea Bizwire) – Mobile carriers have issued criticism of the methodology through which the Finnish consulting firm Rewheel gathered the data for its Digital Fuel Monitor report, which singled out South Korea for having the heftiest smartphone data fees among 41 countries. The report, released on December 1, examined the prices set [...]
SEOUL, Dec. 5 (Korea Bizwire) – The government is mulling plans to launch a task force dedicated to dealing with issues related to cryptocurrencies such as Bitcoin speculation and hacking attacks against cryptocurrency exchanges. According to the Ministry of Justice on Monday, plans are being considered by the government to launch a task force to more [...]
SEOUL, Dec. 5 (Korea Bizwire) — South Korea ranked seventh in the world in terms of per capita mobile data usage last year among 41 major economies checked, a report said Tuesday. The average South Korean used 4.6 gigabytes per month in 2016, according to the Digital Fuel Monitor (DFM) report by Rewheel, a Finnish [...]
SEOUL, Dec. 5 (Korea Bizwire) – Gangnam District has announced plans to introduce IoT-based paper packaging waste recycling bins for the first time in South Korea. According to the Gangnam District Office on Monday, 53 of the smart paper package recycling bins will be installed at a total of 26 locations within the district, including the [...]
SEOUL, Dec. 1 (Korea Bizwire) — Samsung Electronics Co. said Friday it demonstrated the fifth-generation network on a high-speed train traveling over 100 kph under a joint project with the Japan-based KDDI Corp. The two companies, which have been rolling out joint projects in the field since 2015, said they successfully observed data transmission speed [...]
SEOUL, Nov. 22 (Korea Bizwire) – More than 400 fifth-generation (5G) network experts gathered in Seoul on Wednesday to discuss the latest cutting edge industrial trends. The 4th Global 5G Event, hosted by the Ministry of Science and ICT brought together influential mobile network operators and policymakers from around the world to help pave the way for next-generation mobile information and communication network. The 5G network [...]