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 [...]
SEOUL, Sept. 4 (Korea Bizwire) – LG Plus, Korea’s third-largest mobile carrier, will offer approximately 44,000 receive-only mobile phones to all military camps in Korea for free. According to the Ministry of National Defense, the smallest mobile carrier was selected as the licensee for its project to deploy receive-only phones to military barracks as part of [...]
SEOUL, Sep. 1 (Korea Bizwire) – With the rapid supply of high-tech smartphones, expensive costs and a drop in carrier subsidies, the domestic secondhand mobile phone market is estimated to have grown by an average of 10 million phones per year. According to a report issued by Gallup Korea, only 4 out of 10 individuals [...]
SEOUL, Aug. 27 (Korea Bizwire) — South Korea’s No. 2 mobile carrier KT Corp. on Thursday unveiled what it claims is the industry’s first IPTV set top box-embedded PC allowing users to reduce space and enjoy various multimedia contents. Developed under collaboration with local tech firm LG Electronics Inc., the device allows users to switch [...]
SEOUL, Aug. 25 (Korea Bizwire) – KT, Korea’s second largest mobile carrier, today launched the “GiGA IoT Alliance,” an open consortium for Internet of Things (IoT) related industries, which will support brainstorming ideas for startups, commercializing the ideas, and promoting them overseas. The GiGA IoT Alliance, Korea’s largest IoT consortium, is composed of approximately 100 [...]
SEOUL, July 13 (Korea Bizwire) – Korean mobile carriers have seen an increase in voice phone calls after they introduced data-oriented rate plans. However, the increased phone calls are not expected to affect their revenue negatively, industry watchers have said. According to telecom industry analysts, the top three mobile carriers including SK Telecom, KT and LG [...]
Seoul, July 9 (Korea Bizwire) – Attendance is checked automatically when you enter a classroom. When you pass a grocery store, you receive a text message including electronic coupons. In a foreign country, you can receive information without a sightseeing guide. With the adoption of ‘beacons’ – near field communication devices – smartphone users can [...]
SEOUL, July 8 (Korea Bizwire) – Nearly 4 in 5 people in South Korea own a smartphone, making it the country with the fourth-highest smartphone penetration rate in the world, industry data showed Wednesday. Asia’s fourth-largest economy saw its smartphone penetration rate reach 83 percent as of end-March, according to the data compiled by Digieco, [...]