SEOUL, Feb. 20 (Korea Bizwire) — South Korea plans to launch the sixth generation network service in 2028, two years earlier than its original schedule, in a bid to secure an early dominance of the future wireless frequencies, the ICT ministry said Monday. Under the K-Network 2030 plan, the South Korean government will advance the [...]
SEOUL, Feb. 17 (Korea Bizwire) — After President Yoon Seok-yeol on Wednesday underscored the need to expand mobile phone plan options as a way to ease the financial burden on households, the nation’s major telecom operators are facing increasing pressure to make extra efforts. On the same day, the nation’s big three mobile carriers — [...]
SEOUL, Feb. 16 (Korea Bizwire) — LG Uplus Corp., South Korea’s No. 3 mobile carrier, on Thursday apologized for the recent data breaches and network attacks as it promised to invest 100 billion won (US$77.9 million) annually in the coming years to improve its network security capabilities. “I offer a sincere apology to our customers [...]
DAEJEON, Feb. 16 (Korea Bizwire) — The Electronics and Telecommunications Research Institute announced on Wednesday that it had succeeded in demonstrating an ultra-high speed 5G mobile communications service on a normally operating bus, offering speeds about seven times faster than existing services. To upgrade the quality and speed of bus WiFi, the research team developed [...]
SEOUL, Feb. 15 (Korea Bizwire) — South Korea’s three major wireless carriers said Wednesday they will grant free additional mobile data to all of their customers next month in a bid to join the government-led campaign to help people lighten burdens amid rising inflation. Industry leader SK Telecom Co. will give 30 gigabytes of data [...]
SEOUL, Feb. 9 (Korea Bizwire) — KT Corp., South Korea’s No. 2 wireless carrier, said Thursday its net profit declined last year from a year earlier due to a higher base effect. KT’s net income amounted to 1.38 trillion won (US$1.1 billion) on a consolidated basis in 2022, down 4.9 percent from the previous year’s [...]
SEOUL, Feb. 9 (Korea Bizwire) — Samsung Electronics Co. said Thursday that it has been chosen as the provider of up-to-date 5G solutions by the Japanese telecommunications operator KDDI Corp. Under the deal, Samsung will provide KDDI with 5G standalone (SA) core solutions, regarded as the heart of a 5G network in delivering essential network [...]
SEOUL, Feb. 8 (Korea Bizwire) — SK Telecom Co., South Korea’s largest wireless carrier, said Wednesday its net profit dropped 60.8 percent last year from a year earlier due mainly to the exclusion of its equity gains from its chipmaking affiliate. The company logged a net profit of 947.8 billion won (US$754.6 million) on a [...]
SEOUL, Feb. 4 (Korea Bizwire) — LG Uplus Corp. said Friday last month’s data breach affected a total of 290,000 users, about 110,000 more than initially suspected. On Jan. 10, the nation’s third-largest wireless carrier disclosed that personal data of 180,000 customers, including their names, birth dates and phone numbers, had been breached. The company [...]
SEOUL, Feb. 3 (Korea Bizwire) — LG Uplus Corp., South Korea’s No. 3 mobile carrier, said Friday its 2022 net profit fell from a year earlier due to increased financial costs. Its net income reached 662.6 billion won (US$540.8 million) for 2022, down 8.5 percent from a year ago, the company said in a regulatory [...]