SEOUL, July 21 (Korea Bizwire) – The Green Consumer Network (GCN) pointed out Thursday that Korea’s Big Three telecommunications companies – SK Telecom, KT and LG Uplus – are racking up excessive retail profits by selling USIMs (Universal Subscriber Identity Module) via their own distribution networks. The GCN analyzed sales and pricing data for smartphone [...]
SEOUL, June 10 (Korea Bizwire) – South Korean online music content provider KT Music unveiled the country’s first virtual reality-backed music service on Thursday. “Genie VR,” a computer-generated multimedia service that plays the visuals alongside music content, will be provided on a separate section of Genie’s mobile app, the music service maker and distributor said [...]
SEOUL, May 23 (Korea Bizwire) – Korean telecommunication companies, such as SK Telecom (SKT) and KT, are rushing to establish IoT (Internet of Things) communications networks. The competition is expected to heighten with relaxed government regulations regarding these new types of networks. Although IoT features multiple-connected objects, the volume of data transferred between objects is relatively [...]
DAEGU, April 18 (Korea Bizwire) – Daegu residents will soon be able to find out where wild boars frequently appear using a new smartphone application. According to the Daegu Environmental Protection Agency and KT’s Daegu Customer Service headquarters, an agreement was reached to establish a system to prevent damage from wild boars through IoT (Internet of Things) [...]
SEOUL, March 31 (Korea Bizwire) – The three major telecommunications companies clashing over SK Telecom’s purchase of CJ Hellovision are once again butting heads as they have different interpretations of the Broadcast Market Competition Assessment issued by the Korea Information Society Development Institute (KISDI). KT and LGU+ were concerned that the influence SK Telecom is casting [...]
SEOUL, March 17 (Korea Bizwire) – The South Korean government announced Thursday it would spend 1 trillion won (US$840 million) by 2020 to boost the artificial intelligence industry. It also plans to support the civilian-led establishment of a high-profile research center tasked with serving as a “pivot” of the nation’s research and development in the field. [...]
SEOUL, March 7 (Korea Bizwire) – KT has announced plans to stage a hologram art show called ‘Let’s Go’ starting March 11 at K-Live, the world’s first hologram performance hall, located in Dongdaemun, Seoul. K-Live is a venue exclusive to hologram performances, creating life-like experiences through high-definition holograms. More than 200,000 visitors attended shows in January, with [...]
SEOUL, Feb. 15 (Korea Bizwire) – South Korea’s No. 2 mobile carrier KT Corp. said Monday it will be able to provide fifth-generation (5G) network services at the venue of the Winter Olympics in 2018 as scheduled, setting a new milestone for the global telecommunications industry. KT, the official network service provider of the 2018 [...]
SEOUL, Feb. 15 (Korea Bizwire) – South Korean mobile carriers are likely to cut this year’s facility investment to around 2010 levels, industry watchers said Monday, casting doubt over their promises to provide better services. SK Telecom Co., KT Corp. and LG Upluc Corp. are expected to invest a combined 6 trillion won (US$4.96 billion) [...]
SEOUL, Jan.11 (Korea Bizwire) – The three big telecom companies in Korea are set to launch various IoT (Internet of Things) services, expanding the market. According to an industry report, nearly 60 home IoT services will be launched during the first half of this year. SK Telecom launched a new brand called Smart Home in [...]