SEOUL, Jan. 19 (Korea Bizwire) — South Korea’s three major mobile carriers are expected to post a combined operating profit exceeding 4 trillion won in 2025, rebounding despite a year marked by high-profile hacking incidents that rattled the telecommunications industry, analysts said. According to a consensus of forecasts compiled by Yonhap Infomax from brokerage reports issued [...]
SEOUL, May 24 (Korea Bizwire) — South Korea’s antitrust regulator said Wednesday it has decided to fine the country’s three mobile carriers a combined 33.6 billion won (US$25.4 million) for their misleading advertisements on the speed of the fifth-generation (5G) network services. The move came after SK Telecom Co., KT Corp. and LG Uplus Corp. [...]
SEOUL, March 7 (Korea Bizwire) — South Korea’s top mobile carrier SK Telecom Co. has seen its market share drop below 40 percent for the first time since the establishment of the three-company telecom system, data showed Monday. As per the Ministry of Science and ICT’s wireless communication service subscription status report released on Monday, [...]
SEOUL, Feb. 17 (Korea Bizwire) — After President Yoon Seok-yeol on Wednesday underscored the need to expand mobile phone plan options as a way to ease the financial burden on households, the nation’s major telecom operators are facing increasing pressure to make extra efforts. On the same day, the nation’s big three mobile carriers — [...]
SEOUL, Feb. 15 (Korea Bizwire) — South Korea’s three major wireless carriers said Wednesday they will grant free additional mobile data to all of their customers next month in a bid to join the government-led campaign to help people lighten burdens amid rising inflation. Industry leader SK Telecom Co. will give 30 gigabytes of data [...]
SEOUL, Jan. 31 (Korea Bizwire) — The South Korean government said Tuesday it will give a new operator the exclusive rights to an additional 5G network frequency band for three years in a bid to help local businesses enter the new high-speed network service sector. The new operator will be given the priority to use [...]
SEOUL, Nov. 9 (Korea Bizwire) – South Korea’s three mobile carriers said Wednesday that they will launch their own ID verification service enabling users to conveniently confirm their identities through smartphones without a plastic card. The country’s three mobile carriers — SK Telecom Co., KT Corp. and LG Uplus Corp. — said the resident registration mobile verification [...]
SEOUL, March 31 (Korea Bizwire) — South Korean wireless carriers have announced a plan to form a investment fund to nurture promising companies in environmental, social and governance (ESG) sectors. This is the first case in which the leading companies of a specific industry are uniting forces to set up a fund. The country’s three [...]
SEOUL, March 8 (Korea Bizwire) — South Korea’s three major mobile carriers — SK Telecom Co., KT Corp. and LG Uplus Corp. — demonstrated high interest in metaverse technology at the Mobile World Congress (MWC) 2022 held last week, based on different motives. SK Telecom, the most fervent supporter of metaverse platforms, plans to take [...]
SEOUL, March 1 (Korea Bizwire) — South Korea’s three major mobile carriers have been showcasing their latest technologies from metaverse services to artificial intelligence robots at a global mobile technology trade fair held in Spain. The Mobile World Congress (MWC) 2022 kicked off in Barcelona on Monday (local time) and is set to run until [...]