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, [...]
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 [...]