SEOUL, July 8 (Korea Bizwire) — South Korea’s telecommunications regulator said Wednesday it imposed a record fine of 51.2 billion won (US$46.7 million) on the country’s three major carriers — SK Telecom Co., KT Corp. and LG Uplus Corp. — for providing illegal subsidies to subscribers to their 5G network services. SK Telecom will face [...]
SEOUL, July 4 (Korea Bizwire) — South Korean mobile carriers are joining others to go “contactless” in their business by reducing face-to-face services for customers amid the coronavirus pandemic, industry insiders said Friday. With the COVID-19 outbreak spurring a stay-at-home trend, telecom operators are eager to serve their customers remotely. KT Corp., the country’s No. [...]
SEOUL, June 29 (Korea Bizwire) – Smartphone users will be able to make phone calls, send texts and use mobile messenger KakaoTalk even when a certain emergency situation takes down a mobile carrier by using a mobile network from a different service provider. The Ministry of Science and ICT, jointly with the nation’s three mobile [...]
SEOUL, June 27 (Korea Bizwire) — South Korea’s major mobile carriers are expected to report improved bottom lines in the second quarter on the back of a rise in subscribers to 5G network services amid the pandemic, analysts said Saturday. The combined net profits of the country’s three major carriers — SK Telecom Co., KT [...]
SEOUL, June 24 (Korea Bizwire) — South Korea’s major mobile carriers said Wednesday their joint mobile authentication application now provides a QR code-based entry log for visitors to establishments with a high risk of COVID-19 infection, joining efforts by other tech companies to help fight the spread of the coronavirus. The three carriers — SK [...]
SEOUL, May 26 (Korea Bizewire) — South Korea’s telecommunications market dominated by three major firms lacks competition and needs to improve its structure to provide better services to consumers, a state-run think tank said Tuesday. The Korea Information Society Development Institute (KISDI) said although competition in the local telecom market, viewed as an oligopoly, has [...]
SEOUL, May 23 (Korea Bizwire) — South Korean telecommunication firms said Saturday they have released various services and content related to the country’s professional baseball league as they try to attract baseball fans at home amid the coronavirus pandemic. The new Korea Baseball Organization (KBO) season started May 5 after South Korea managed to flatten [...]
SEOUL, Feb. 24 (Korea Bizwire) — South Korea’s telecommunication firms are turning to the business-to-business (B2B) industry to survive in the era of the Fourth Industrial Revolution, based on the realization that the business-to-consumer (B2C) area, where companies reap profits from mobile plans, is reaching its limit as almost all South Koreans now own a [...]
SEOUL, Feb. 15 (Korea Bizwire) — South Korea’s three major mobile carriers are beefing up their virtually reality (VR) content and related services, industry insiders said Saturday, as they aim to attract more customers amid their 5G expansion. The three — SK Telecom Co., KT Corp. and LG Uplus Corp. — commercialized 5G telecommunication last [...]
SEOUL, Feb. 13 (Korea Bizwire) — South Korean mobile carriers are moving to cancel launch ceremonies for Samsung Electronics Co.’s new Galaxy S20 smartphone amid the coronavirus scare, industry sources said Thursday. South Korea’s top mobile phone operator SK Telecom Co. and No. 2 industry player KT Corp. had originally planned to hold launch ceremonies [...]