SEOUL, Jan.7 (Korea Bizwire) – A special sales event for a Xiaomi smartphone hosted by an online shopping site was canceled soon after its launch. Complaints from angry consumers quickly filled up internet message boards, which only proved that the cancelation of the event showed the growing influence of Chinese smartphones. With an unsatisfying explanation [...]
SEOUL, Dec.16 (Korea Bizwire) – Telecommunications companies locked in fierce competition are poaching manpower from their competitors to increase sales. Nam Sang-il (46), Manager of Marketing Communication at SK Telecom, came from Cheil Worldwide, the largest PR firm in Korea. He was previously in charge of advertisements for KT, and knows the KT’s marketing strategies [...]
SEOUL, Dec.1 (Korea Bizwire) – K Bank Consortium, which has gained preliminary approval as an internet-only bank, pledged that it will create an innovative success model and lead the revitalization of the economy. Company officials also mentioned their vision to make ‘community neo-banks’ that are friendly and easy to use for everyone. Officials also laid [...]
SEOUL, Nov.30 (Korea Bizwire) – The number of Korean mobile subscribers in October reached a new high since the activation of the Mobile Device Distribution Improvement Act in 2014, thanks to the iPhone 6s. According to the Ministry of Science, ICT and Future Planning, the number of mobile subscribers last month was 2,409,200. This was [...]
SEOUL, Nov. 3 (Korea Bizwire) – Various technical regulations that were blocking the diversification of services among pay TV providers such as cable networks (SO) will be moderated. The Ministry of Science, ICT and Future Planning announced that it will be drafting an item on ways to restructure the current regulations. Various technical methods could [...]
SEOUL, Nov. 2 (Korea Bizwire) - SK Telecom Co., South Korea’s top mobile carrier, said Monday it will acquire the country’s biggest provider of cable channels and Internet TV as part of a push into the media platform business. SK Telecom will take over a 30 percent stake for 500 billion won (US$438.2 million) in [...]
SEOUL, Oct. 19 (Korea Bizwire) - South Korea’s three mobile carriers plan to start preorders for the latest iPhone 6s and iPhone 6s Plus this week, industry sources said Sunday, a move that may cause a dent in sales of high-end models from local brands Samsung and LG. SK Telecom Co., KT Corp., and LG Uplus will begin preorders Monday, ahead of the official release slated for Friday at both online and offline [...]
SEOUL, Sept. 30 (Korea Bizwire) – With the advance of information communication technology(ICT), boundaries between businesses are falling apart rapidly, and collaboration among different businesses is becoming a new norm. Telecommunication industry is no exception and they are stepping into the medical service field betting this will sustain their growth. According to industry watchers, SK Telecom and [...]
SEOUL, Sept. 27 (Korea Bizwire) – South Korea’s three mobile carriers are estimated to have posted an improved ratio of operating income to total revenue in the third quarter, industry sources said Sunday, as the firms reduced marketing expenditures. The combined sales posted by SK Telecom Co., KT Corp. and LG Uplus Corp. are estimated [...]
SEOUL, Sept. 23 (Korea Bizwire) — South Korea’s No. 2 mobile carrier KT said Wednesday it plans to invest 13 trillion won (US$10.9 billion) until 2020 to find new sources of profits and tap deeper into the intelligent industry. Under the plan, KT will establish the Intelligent GiGA Infra, which connects the latest technologies, including [...]