SEOUL, July 14 (Korea Bizwire) – Korea’s two major mobile telecom service operators, KT and LG Uplus, are expected to get penalized for using their dominant market power in the enterprise messaging service market. According to industry sources on July 11, the Fair Trade Commission has recently completed its investigation on the two companies upon reports that [...]
SEOUL, June 21 (Korea Bizwire) – June 20 was the 20th anniversary of the commercial Internet service in Korea. KT began the first Internet service in the name of KORNET on June 20, 1994 with the speed of 9.6Kbps, 10,000 times slower than the current average Internet speed of 100 Mbps. Since KT’s initiative and [...]
![[Feature] 4th Olleh International Smartphone Film Festival to Be Held in September](http://koreabizwire.com/wp/wp-content/uploads/2014/06/25208683_m-800x533.jpg "[Feature] 4th Olleh International Smartphone Film Festival to Be Held in September")
SEOUL, June 18 (Korea Bizwire) – It has been years since the smartphone has become an integral part of our everyday life. Already in the areas of finance, technology, culture, and sports, the impact was felt deeply. Now it’s the art world’s turn to embrace the influence of the smartphone. In Korea, a country long proud [...]
SEOUL, June 7 (Korea Bizwire) – Facing the limit of growth due to market saturation, the nation’s wireless carriers are seeking for new sources of revenue. SK Telecom, the leading wireless telecom operator in South Korea, is reportedly keen to step up its “appcessories” business. “Smart Beam,” a compact beam projector and its flagship brand [...]
SEOUL, May 30 (Korea Bizwire) – A week after the three major mobile carriers resumed their businesses after suspensions, SK Telecom swept the number portability market with aggressive marketing. According to the industry, from May 20 to 28, SK Telecom marked a net increase of 42,990 subscribers while KT and LG Uplus recorded a net [...]
SEOUL, May 28 (Korea Bizwire) – After turns of suspensions imposed on the Korea’s top-three mobile communications firms last month, LG Uplus was the one who ended up smiling. According to “Mobile Communications Service Statistics” by the Ministry of Sciences, ICT and Future Planning, LG Uplus’ market share has surpassed the 20-percent mark for the [...]
SEOUL, May 22 (Korea Bizwire) – A study said the total amount of penalties and punitive charges imposed on Korea’s top-30 business groups for the past three years surpassed 2 trillion won. By amount, LG Group topped the list with almost 40 percent in the total. In terms of the number of cases, Samsung Group was ranked [...]
SEOUL, May 20 (Korea Bizwire) – As the series of sequential suspension of the top-three telecommunications companies for 45 days (68 days in total) which was the longest in the history of the industry in Korea is finally over, war clouds are gathering in the telecom industry. LG Uplus was back in action on May [...]
SEOUL, May 15 (Korea Bizwire) – With Korea’s local elections scheduled on June 4 just around the corner, KT announced that it launched “Olleh biz ICS live broadcasting platform – local election package” with its group affiliate “U Stream Korea.” The service supports live broadcasting of election campaigns so that the voters can watch political [...]
SEOUL, May 7 (Korea Bizwire) – KT, Korea’s No. 2 mobile telecom service operator, has regained most of the subscribers lost to its rivals during its 45-day suspension period. Beginning on April 27 when it was allowed to resume normal business operations, the company has signed up about 90,000 new customers, about two-thirds of the customers lost [...]