SEOUL, Sept. 26 (Korea Bizwire) – Naver, the largest online portal in South Korea, had decided to discontinue the fact-check menu on its News Home, following the suspension of financial support for the nation’s unique fact-checking platform SNU FactCheck Center (factcheck.snu.ac.kr). According to the SNU FactCheck Center on Monday, Naver plans to terminate the fact-check menu [...]
SEOUL, Sept. 16 (Korea Bizwire) – Senior South Korean and U.S. defense officials have agreed to cooperate in utilizing 5th generation (5G) wireless technology in combined operations, Seoul’s defense ministry said Friday. South Korean Vice Defense Minister Shin Beom-chul and Heidi Shyu, the U.S. under secretary of defense for research and engineering, vowed to carry [...]
SEOUL, Sept. 7 (Korea Bizwire) — KT Corp.’s new chief said Thursday that he will do his best to build up the leading telecom operator’s future growth potential and energy by integrating information technology with its conventional telecommunications business in the future. Kim Young-shub, former CEO of IT service provider LG CNS Co., was appointed [...]
SEOUL, Sept. 1 (Korea Bizwire) — SK Telecom Co. has successfully developed an integrated solution along with a simulator designed for assessing and analyzing telecommunications network quality in the context of urban air mobility (UAM), involving aircraft flying over densely populated urban areas. South Korea’s leading mobile operator announced on Thursday the successful completion of [...]
SEOUL, Aug. 30 (Korea Bizwire) — KT Corp., a major telecom operator in South Korea, on Wednesday appointed its new chief executive, ending months of leadership vacuum. The company said its shareholders approved the appointment of Kim Young-shub, former CEO of IT service provider LG CNS Co., as its new leader. Earlier this month, KT’s [...]
SEOUL, Aug. 13 (Korea Bizwire) — SK Telecom Co., South Korea’s largest wireless carrier, said Sunday it will invest US$100 million in the U.S. artificial intelligence (AI) company Anthropic in a partnership deal to expand its footprint in the AI sector. Anthropic is a San Francisco-based AI safety and research company, with products like the [...]
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 [...]