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Big Wave of M&A Activity in South Korean IT Industry

Big Wave of M&A Activity in South Korean IT Industry

SEOUL, Jan. 19 (Korea Bizwire) – Mergers and acquisitions are heating up in South Korea’s information technology industry this year. With the Fourth Industrial Revolution on the horizon, IT industry leaders like Kakao and SKT are poised to expand their presence by merging with companies in the content industry. According to industry sources, Kakao recently issued [...]

More Customers Abandon MVNOs for SKT, KT, LG Uplus

More Customers Abandon MVNOs for SKT, KT, LG Uplus

SEOUL, Jan. 18 (Korea Bizwire) — With the three major telecom operators SK Telecom, KT and LG Uplus closing the gap in affordable pricing for phones and rate plans since last September, South Korea’s mobile virtual network operators (MVNO) are increasingly losing customers while simultaneously failing to attract new users. Unlike the triumvirate of traditional [...]

Budget Mobile Carriers Struggling

Budget Mobile Carriers Struggling

SEOUL, Nov. 15 (Korea Bizwire) – South Korean mobile virtual network operators (MVNO) are struggling to survive amid growing competition, with Homeplus set to pull out of the industry later this month. There are fears that Homeplus’s announcement that it was withdrawing its MVNO service Plus Mobile from next month will cause a chain reaction in [...]

LG Uplus Demonstrates Next Gen Network via Live-stream of Baseball Game

LG Uplus Demonstrates Next Gen Network via Live-stream of Baseball Game

SEOUL, Oct. 18 (Korea Bizwire) — South Korea’s No. 3 mobile carrier LG Uplus Inc. said Wednesday it has successfully provided a live-stream of a baseball game through its latest technology equivalent to the fifth-generation (5G) network. The mobile carrier said the high-resolution broadcast of the game was delivered through what it calls the 4.5-generation [...]