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SK Telecom Joins Hands with Deutsche Telekom on 5G RF Repeaters

SK Telecom Joins Hands with Deutsche Telekom on 5G RF Repeaters

SEOUL, Feb. 27 (Korea Bizwire) — SK Telecom Co., South Korea’s largest mobile carrier, said Thursday it has joined hands with Deutsche Telekom AG on 5G radio frequency (RF) repeater solutions. SK Telecom said it will collaborate with Deutsche Telekom to install Korean technology-based 5G RF repeaters in major German cities in the second quarter [...]

Samsung Signs Partnership with BTS to Boost Marketing

Samsung Signs Partnership with BTS to Boost Marketing

SEOUL, Feb. 19 (Korea Bizwire) — Samsung Electronics Co. signed a partnership with K-pop super band BTS for marketing of its new smartphones, company officials said Wednesday. Samsung will first work with BTS for the boy band’s global contemporary art initiative, “CONNECT, BTS,” and will expand their collaboration to other areas, according to the officials. [...]

Convenience Stores More Profitable than Large Supermarkets in 2019

Convenience Stores More Profitable than Large Supermarkets in 2019

SEOUL, Feb. 17 (Korea Bizwire) — The slump in fortunes at large discount stores is continuing and the growth of convenience stores is accelerating in line with social changes, including an increase in the number of single-person households and the rising popularity of online shopping. Amid such circumstances, convenience store chains made more money than [...]

S. Korean Non-life Insurers’ Combined Net Profit Falls 39.5 pct in 2019

S. Korean Non-life Insurers’ Combined Net Profit Falls 39.5 pct in 2019

SEOUL, Feb. 16 (Korea Bizwire) — Major non-life insurance firms in South Korea saw their combined net profit fall 39.5 percent last year due to increased losses from their automobile and health insurance segments, industry data showed Sunday. The top eight non-life insurance firms operating in the country reported a combined net profit of 1.75 [...]

Flights Suspensions Due to Virus Tipped to Hit Airlines’ Q1 Results

Flights Suspensions Due to Virus Tipped to Hit Airlines’ Q1 Results

SEOUL, Feb. 13 (Korea Bizwire) — South Korean airlines’ first-quarter earnings may be dismal as they suspended or reduced flights on international routes amid the spreading COVID-19 virus outbreak, analysts said Thursday. In their latest move to respond to the virus, Asiana Airlines Inc., the country’s second-biggest airline after Korean Air Lines Co., said it [...]

Samsung Partners with Netflix on Mobile Entertainment

Samsung Partners with Netflix on Mobile Entertainment

SEOUL, Feb. 12 (Korea Bizwire) — Samsung Electronics Co. will join hands with Netflix Inc., the world’s leading streaming entertainment service provider, on mobile entertainment as the South Korean tech giant looks to expand partnerships with global media and IT service giants upon the introduction of its new smartphones. Netflix confirmed that it has become [...]