SEOUL, Sept. 26 (Korea Bizwire) — South Korea’s full service carriers, including Korean Air Lines Co., are predicted to post strong earnings in the third quarter of the year on the back of a rise in air cargo rates, analysts said Sunday. In a consensus estimate of 10 analysts by Yonhap Infomax, the financial news [...]
SEOUL, Nov. 30 (Korea Bizwire) – The ICT ministry said Monday the redistribution price for past generation network frequency bands used by the country’s major mobile carriers should be at least 3.17 trillion won (US$2.9 billion). The ministry and the three telecom operators — SK Telecom Co., KT Corp. and LG Uplus Corp. — had [...]
SEOUL, Nov. 19 (Korea Bizwire) — As past generation network frequency bands used by South Korea’s major telecom operators are set to expire next year, the ICT ministry and the three carriers are locked in a fierce debate over their redistribution price. Earlier this week, the government said it wants at least 3.2 trillion won [...]
SEOUL, July 3 (Korea Bizwire) — South Korea’s major telecom companies are introducing new smart factory solutions to help manufacturers overcome the pandemic-caused economic slump with more efficient production systems. SK Telecom Co., the country’s largest mobile carrier, on Friday released a subscription-based smart factory solution for small- and medium-sized manufacturers that optimizes their equipment [...]
SEOUL, Nov. 24 (Korea Bizwire) — South Korea’s telecom operators are striving to create a wide range of immersive mixed reality content to leverage their 5G network and attract more customers, industry officials said Sunday. Three local carriers — SK Telecom Co., KT Corp. and LG Uplus Corp. — rolled out their 5G network in [...]
SEOUL, Jul. 24 (Korea Bizwire) — South Korea’s telecom operators are expected to have posted downbeat earnings in the second quarter despite robust sales due to their cutthroat competition to attract 5G subscribers, analysts said Wednesday. The combined sales of the three carriers — SK Telecom Co., KT Corp. and LG Uplus Corp. — are [...]
SEOUL, April 25 (Korea Bizwire) – Hyundai Mipo Dockyard Co., a local shipbuilder, said Wednesday that it has received a 179 billion won (US$165 million) order to build four carriers of petrochemical products for an unidentified company in the Middle East. In a regulatory filing, the South Korean shipyard said it will deliver the vessels by May 2020. The shipbuilder [...]
SEOUL, Jun. 23 (Korea Bizwire) — President Moon Jae-in’s policy advisory committee announced Thursday that it will encourage local mobile operators to expand the discount rate of mobile phone fees and offer an additional benefit to low-income customers, as part of efforts to reduce the cost burden for mobile phone users. During the presidential campaign, [...]