SEOUL, Jun. 1 (Korea Bizwire) — China-based tech manufacturer ZTE Corp. is gradually expanding its presence in the South Korean market by joining forces with local companies, industry watchers said Wednesday. There are currently three ZTE-manufactured devices being sold in South Korea, including the LINE Friends smartphone released through KT Corp., the country’s No. 2 [...]
SEOUL, May 16 (Korea Bizwire) – Facebook is allegedly in a dispute with SK Broadband over its share of data traffic costs, after the South Korean internet provider rebuffed the social networking giant’s request to provide the free use of a cache server, which helps to speed up access to data. After sitting together at the [...]
SEOUL, May 12 (Korea Bizwire) – As Moon Jae-in was sworn into office as the 19th president of South Korea earlier this week, a pledge made during his campaign to scrap what is widely known as minimum phone bill charges has come back into the spotlight, a policy many voters viewed favorably amid a record high [...]
SEOUL, Apr. 21 (Korea Bizwire) — South Korea’s health authorities and the nation’s three mobile carriers launched a collaboration Thursday to monitor and prevent the spread of infectious diseases. Under an agreement between the Korea Centers for Disease Control and Prevention (KCDC) and SK Telecom Co., KT Corp. and LG Uplus Corp., the authorities will [...]
SEOUL, Apr. 4 (Korea Bizwire) — South Korea’s No. 2 mobile carrier KT Corp. on Monday said the company plans to expand ties with U.S. Verizon Communications and jointly demonstrated the world’s first hologram call that can be used on a fifth-generation network. KT said its head Hwang Chang-kyu and his counterpart Lowell McAdam, the [...]
SEOUL, Nov. 8 (Korea Bizwire) – Local telecommunications giant KT launched Tuesday a 360-degree GiGA VR Service for its Olleh TV IPTV service, allowing customers to enjoy VR content on a television without using a VR device. According KT, the service is offered for select VOD programs in full HD, for which viewers can use [...]
SEOUL, Nov. 3 (Korea Bizwire) — KT Corp. and LG Uplus Corp., South Korea’s second- and third-largest mobile carriers, unveiled a deal Thursday to work together on commercializing the Internet of Things (IoT) technology. The IoT technology, which allows everyday appliances to link to the Internet, is seen as one of the major technological developments [...]
SEOUL, Sept. 30 (Korea Bizwire) – South Korea’s financial regulatory body said Friday it will soon decide whether to issue a permit for the nation’s first online-only bank. Two consortiums, one led by KT Corp. and the other by Kakao Corp., are preparing to enter the banking sector with their technical expertise. KT’s consortium submitted [...]
SEOUL, Sept. 19 (Korea Bizwire) – The current Korean market for smartphones may be dominated by the big three smartphone manufacturers – Samsung, Apple, and LG – and their latest premium products – the Galaxy Note 7, iPhone, and V20 – but other phone makers have been making inroads recently by targeting niche customers. KT, [...]
SEOUL, Aug. 8 (Korea Bizwire) – In what was perhaps a sign of the future, the 2016 Drone Racing World Masters were dominated by teenage talents. With 32 contestants from 12 countries across the globe participating, the competition was organized into two categories: a racing category that measured the fastest lap time around a track, [...]