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Regulator Fines Mobile Carriers 33.6 bln Won for False Ads on 5G Speed

Regulator Fines Mobile Carriers 33.6 bln Won for False Ads on 5G Speed

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. [...]

SK Telecom’s Market Share Dips Below 40 pct for the First Time

SK Telecom’s Market Share Dips Below 40 pct for the First Time

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, [...]

Mobile Carriers Take Stopgap Measure to Ease Public Complaints over Phone Bills

Mobile Carriers Take Stopgap Measure to Ease Public Complaints over Phone Bills

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 — [...]

3 Telcos to Launch Own Mobile ID Verification Service This Week

3 Telcos to Launch Own Mobile ID Verification Service This Week

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 [...]

Mobile Carriers Express Different Outlook for Metaverse Industry

Mobile Carriers Express Different Outlook for Metaverse Industry

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 [...]

S. Korean Telcos to Take Part in MWC 2022 Next Week amid Virus Fears

S. Korean Telcos to Take Part in MWC 2022 Next Week amid Virus Fears

SEOUL, Feb. 21 (Korea Bizwire) — South Korea’s three major mobile carriers said Monday they will participate in the upcoming mobile technology trade fair in Spain to showcase their latest technologies despite growing coronavirus woes. The three telecommunication companies — SK Telecom Co., KT Corp. and LG Uplus Corp. — said their respective CEOs will [...]