SEOUL, July 17 (Korea Bizwire) — South Korean wireless carriers are set to report robust second quarter earnings on the back of a continued growth of 5G network users, according to analysts. The combined operating profits of the country’s three major carriers — SK Telecom Co., KT Corp. and LG Uplus Corp. — are projected [...]
SEOUL, July 13 (Korea Bizwire) — The subscription economy is emerging as a new growth engine for South Korea’s major mobile carriers, which are embracing post-telecommunications strategies. This move reflects their desire to connect the benefits of the membership that they have long established with subscription services. Among the nation’s big three telecom operators, SK [...]
SEOUL, May 7 (Korea Bizwire) — South Korea’s telecom operators have vowed to expand investment, presenting a rosy blueprint for the 5G era. Nonetheless, the number of base stations in the country has started to decline for the first time since 2012, data showed Thursday. According to the Korea Communications Agency, the number of wireless [...]
SEOUL, Feb. 28 (Korea Bizwire) — South Korean telecom companies are stepping up efforts in sustainable energy projects, as they join the country’s broader push for renewable energy and commit more to environmental, social and corporate governance (ESG) initiatives. Last Monday, top mobile carrier SK Telecom Co. said it signed a deal with state-backed utility [...]
SEOUL, Feb. 14 (Korea Bizwire) — South Korean mobile carriers are aiming for mass user migration to 5G networks this year after failing to meet their subscriber targets in 2020 amid the pandemic. The country ended last year with a total 11.85 million 5G subscribers, with SK Telecom Co., the country’s largest wireless carrier, leading [...]
SEOUL, Feb. 9 (Korea Bizwire) — Video calls will be free of charge during the Lunar New Year holiday to encourage virtual family meetings, the ICT ministry said Tuesday, as the country’s efforts to curb new coronavirus cases limit in-person contact. The Ministry of Science and ICT said the country’s three major telecom operators — [...]
SEOUL, Feb. 7 (Korea Bizwire) — South Korean mobile carriers are expanding services integrated with artificial intelligence (AI) technology as they shift focus from telecommunications to find new growth drivers. Last week telecom giant KT Corp. joined hands with Hyundai Home Shopping Network Corp. to establish an AI call center at the retail company’s headquarters [...]
SEOUL, Feb. 3 (Korea Bizwire) – South Korean mobile carriers will likely provide videoconference services for free during the upcoming Lunar New Year holiday, according to industry officials Wednesday, as in-person contact is limited to curb the spread of the new coronavirus. The Ministry of Science and ICT and the country’s three major telecom operators [...]
SEOUL, Jan. 28 (Korea Bizwire) — South Korean mobile carriers are launching unmanned stores and expanding their online retail platforms as the COVID-19 pandemic limits in-person contact and accelerates the use of virtual services. KT Corp. said Thursday it launched its first unmanned store equipped with digital kiosks for customers to buy phones and switch [...]
SEOUL, Jan. 27 (Korea Bizwire) — South Korean telecom operators are divesting their non-core businesses, from baseball to radio communications, amid a shift in the local telecom market toward new tech services. On Tuesday, SK Telecom Co., the country’s largest wireless carrier, said it agreed to sell its baseball franchise SK Wyverns to local retail [...]