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SKT Eyes Cooperation with Microsoft on Xbox Game Development

SKT Eyes Cooperation with Microsoft on Xbox Game Development

SEOUL, Jan. 15 (Korea Bizwire) – SK Telecom Co., South Korea’s top mobile carrier, said Wednesday it aims to expand cooperation with Microsoft Corp. on console games. SKT said it plans to support the development of games for Xbox, a home video game console manufactured by Microsoft, by boosting investment and marketing activities. To initiate [...]

LG Joins Hands with U.S. Firm for In-vehicle Infotainment System

LG Joins Hands with U.S. Firm for In-vehicle Infotainment System

SEOUL, Jan. 14 (Korea Bizwire) — LG Electronics Inc. said Tuesday it has signed a partnership with U.S.-based automotive voice recognition solutions provider Cerence Inc. to develop an in-vehicle infotainment (IVI) system. Under the deal, which was signed on the sidelines of Consumer Electronics Show in Las Vegas, Nevada, last week, LG and Cerence will [...]

Samsung to Buy U.S. Network Service Provider to Expand 5G Infrastructure

Samsung to Buy U.S. Network Service Provider to Expand 5G Infrastructure

SEOUL, Jan. 14 (Korea Bizwire) — Samsung Electronics Co. said Tuesday it will acquire U.S. network service provider TeleWorld Solutions (TWS) Inc. to better provide 5G infrastructure and solutions. Under the deal, TWS will be a wholly owned subsidiary of Samsung Electronics America Inc., according to the South Korean tech giant. Samsung didn’t reveal the [...]

SKT Forms Task Force with 5 Asian Telcos on 5G Mobile Edge Computing

SKT Forms Task Force with 5 Asian Telcos on 5G Mobile Edge Computing

SEOUL, Jan. 13 (Korea Bizwire) –- SK Telecom Co. (SKT), South Korea’s largest mobile carrier, said Monday it has formed an international task force with five Asian telecommunication firms to develop 5G mobile edge computing (MEC) technologies and services. Led by SKT, Global MEC TF will be comprised of Hong Kong’s PCCW Global Ltd. and [...]

Sales of Eco-friendly SUVs on Rise

Sales of Eco-friendly SUVs on Rise

SEOUL, Jan. 12 (Korea Bizwire) — Sales of eco-friendly SUVs, including ones powered by hydrogen, jumped last year as fuel and environment-conscious customers increasingly opted for such cars, industry data showed Sunday. According to the Korea Automobile Manufacturers’ Association (KAMA), some 48,700 eco-friendly SUVs were sold here last month, accounting for 8.5 percent of the [...]

Sales of Shinsegae Department Store’s Gangnam Branch Surpass 2 tln Won in 2019

Sales of Shinsegae Department Store’s Gangnam Branch Surpass 2 tln Won in 2019

SEOUL, Jan. 7 (Korea Bizwire) — Shinsegae Department Store, one of South Korea’s leading retailers, said Tuesday that its outlet in Gangnam, an affluent area in southern Seoul, reported 2 trillion won (US$1.7 billion) in accumulated sales last year. It marks the first time for a single department store branch to achieve the milestone, the [...]