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Incheon SK Baseball Stadium to Trial 5G Technology During KBO Season Opener

Incheon SK Baseball Stadium to Trial 5G Technology During KBO Season Opener

SEOUL, March 29 (Korea Bizwire) – SK Telecom announced yesterday plans to equip the Incheon SK Happy Dream Park with devices running on 5G technology for baseball fans visiting the stadium during the three-day season opening series. Dubbed the “5G Stadium”, the home stadium of the SK Wyverns will be transformed this weekend into a venue [...]

SK Group Leads Mobile Customer Loyalty App Market in South Korea

SK Group Leads Mobile Customer Loyalty App Market in South Korea

SEOUL, March 22 (Korea Bizwire) – SK-affiliated ventures are dominating the loyalty mobile application market in South Korea, according to a recent survey released yesterday. Among Android smartphone users – who account for 80 percent of all smartphone owners in the country – SK Planet’s Syrup Wallet proved most popular with nearly 4.5 million monthly [...]

Conglomerate Heads Banned from Leaving Country amid Investigation into Choi Soon-sil Gate

Conglomerate Heads Banned from Leaving Country amid Investigation into Choi Soon-sil Gate

SEOUL, Dec. 20 (Korea Bizwire) – The special prosecution team looking into President Park Geun-hye’s corruption scandal has put a prohibition of departure on three Korean conglomerate heads, hampering business operations planned for the year-end and the next few months to come.  According to sources, Samsung vice chairman Lee Jae-yong, SK chairman Chey Tae-won and [...]

Corporate “Control Towers” Overseeing Korean Conglomerates

Corporate “Control Towers” Overseeing Korean Conglomerates

SEOUL, Dec. 7 (Korea Bizwire) – Samsung vice chairman Lee Jae-yong’s reluctant promise during Tuesday’s parliamentary hearing over the Choi Soon-sil scandal to disband the group’s Future Strategy Office – the key department responsible for the group’s decision-making process for all Samsung affiliates – has raised questions as to how other Korean conglomerate groups’ so-called [...]

Corporate Investments Falling This Year, Led by Top Three Conglomerates

Corporate Investments Falling This Year, Led by Top Three Conglomerates

SEOUL, Nov. 15 (Korea Bizwire) – Investments by the top 30 conglomerates this year up to the third quarter showed a 24 percent drop compared to the same period last year, a tally from a corporate tracker showed Tuesday.  The 30 business groups, who control 257 affiliates, invested 45.33 trillion won (US$38.83 billion) on tangible [...]