SEOUL, July 22 (Korea Bizwire) — Samsung Electronics Co., South Korea’s leading tech firm, is expected to rank third in terms of 5G smartphone production this year, a report showed Wednesday. Samsung’s 5G smartphone production for the year is estimated at 29 million units, placing the company in third place globally, according to market researcher [...]
SEOUL, July 21 (Korea Bizwire) — South Korea’s leading telecom operator SK Telecom Co. said Tuesday it has partnered with Hewlett Packard Enterprise (HPE) to export its 5G mobile edge computing (MEC) technology. The carrier signed an agreement to form a consortium with the Asia Pacific and South Korea units of HPE to provide the [...]
SEOUL, July 20 (Korea Bizwire) — A growing number of South Korean 5G handset users are making a u-turn back to the preceding 4G long-term evolution (LTE) plans, in part to save money but also due to a lack of new LTE handsets. In principle, this is a consumer’s right – they are free to [...]
SEOUL, July 18 (Korea Bizwire) — South Korea’s major telecom operators are lending hands to the country’s digital New Deal stimulus projects by expanding their investment in public infrastructure. Early this week, the country announced a set of ambitious stimulus measures amounting to 160 trillion won (US$132 billion). Under the digital New Deal initiative, 58.2 [...]
SEOUL, July 16 (Korea Bizwire) — South Korean telecom giant KT Corp. said Thursday it has developed guidelines for 5G mobile edge computing (MEC) technology with five global partners. The 5G Future Forum, an alliance of major telecommunications firms on network solutions, has confirmed the specifications and standards of 5G MEC, KT said. The collaborative [...]
SEOUL, July 15 (Korea Bizwire) — South Korea’s major telecom operators promised to invest up to 25.7 trillion won (US$21.4 billion) to establish a nationwide 5G infrastructure by 2022, the ICT ministry said Wednesday, in a move to boost the economy. The country’s three major carriers — SK Telecom Co., KT Corp. and LG Uplus [...]
SEOUL, July 13 (Korea Bizwire) –While most industries are reeling from the continuing fallout caused by the COVID-19 pandemic, local mobile carriers are expected to announce surprising earnings for Q2 over the previous year. While growth in the number of 5G subscribers is slower than expected, decreased expenditures for 5G infrastructure buildup and marketing costs [...]
SEOUL, July 8 (Korea Bizwire) — South Korea’s telecommunications regulator said Wednesday it imposed a record fine of 51.2 billion won (US$46.7 million) on the country’s three major carriers — SK Telecom Co., KT Corp. and LG Uplus Corp. — for providing illegal subsidies to subscribers to their 5G network services. SK Telecom will face [...]
SEOUL, June 30 (Korea Bizwire) — The number of new 5G subscribers rose by a record high in May for this year, with total network users reaching just under 6.9 million, official data showed Tuesday. The latest findings showed 5G subscribers increasing by 536,997 in May compared to the month before, exceeding the previous monthly [...]
SEOUL, June 30 (Korea Bizwire) — One in four South Koreans are inclined to spend more on 5G network services and faster internet connection to better prepare for the coronavirus pandemic, a survey showed on Tuesday. The survey conducted by Ericsson-LG, a joint venture between Sweden-based Ericsson and South Korea’s LG Electronics Inc., showed that [...]