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Homegrown App Market Draws Spotlight as Alternative to Google’s Play Store

Homegrown App Market Draws Spotlight as Alternative to Google’s Play Store

SEOUL, Feb. 21 (Korea Bizwire) — South Korea’s app market ONE store has drawn attention as a possible alternative to Google’s Play store as local app developers worry about increasing costs over the U.S. tech giant’s decision to expand its 30 percent commission fee to all in-app digital goods purchases later this year. ONE store, [...]

SK Telecom to Work with SC Bank Korea to Establish MyData Cloud

SK Telecom to Work with SC Bank Korea to Establish MyData Cloud

SEOUL, Feb. 17 (Korea Bizwire) — SK Telecom Co., South Korea’s leading mobile carrier, announced Tuesday that it will join hands with the local unit of British banking giant Standard Chartered Bank to set up the first MyData Cloud system in the banking sector. MyData collects private credit information dispersed throughout various financial firms to [...]

SK Telecom Enters AI-based Video Security Business

SK Telecom Enters AI-based Video Security Business

SEOUL, Feb. 17 (Korea Bizwire) — SK Telecom Co., the country’s largest mobile carrier, said Wednesday it joined hands with its security subsidiary ADT Caps Co. and local video management solution company Innodep Inc. to develop artificial intelligence (AI)-based video analysis services. Under an agreement, the three companies will develop such services to effectively manage [...]

SK Telecom Swings to Black in Q4 on Growing 5G Users, Equity Gains

SK Telecom Swings to Black in Q4 on Growing 5G Users, Equity Gains

SEOUL, Feb. 3 (Korea Bizwire) — SK Telecom Co., South Korea’s largest mobile carrier, said Wednesday it shifted to a net profit in the final quarter last year on the back of growing users on the 5G network and increased equity gains. Net income stood at 371 billion won (US$333 million) in the October-December period, [...]

SK Telecom Forms Partnerships for Flying Car Development

SK Telecom Forms Partnerships for Flying Car Development

SEOUL, Jan. 28 (Korea Bizwire) — SK Telecom Co., South Korea’s top wireless carrier, said Thursday it has joined hands with local defense company Hanwha Systems Co., Korea Airports Corp. and the Korea Transport Institute to speed up development of urban air mobility (UAM) services. Last year, South Korea unveiled its plan to commercialize UAM [...]

SK Telecom Teams Up with AWS to Launch 5G Edge Cloud Service

SK Telecom Teams Up with AWS to Launch 5G Edge Cloud Service

SEOUL, Dec. 24 (Korea Bizwire) — SK Telecom Co., South Korea’s top wireless provider, said Thursday it has partnered with Amazon Web Services Inc. (AWS) to launch the country’s first 5G edge cloud service. The business-targeted service, named SKT 5GX Edge, provides users ultra-low latency for data-intensive services by connecting to AWS Wavelength Zones installed [...]

SK Telecom to Develop Pandemic-fighting AI with Samsung and Kakao

SK Telecom to Develop Pandemic-fighting AI with Samsung and Kakao

SEOUL, Dec. 22 (Korea Bizwire) — SK Telecom Co., South Korea’s largest mobile carrier, said Tuesday it has partnered with Samsung Electronics Co. and Kakao Corp., the country’s top mobile messenger operator, to develop an artificial intelligence (AI) platform to help combat the COVID-19 pandemic. The telecom operator said the three companies formed a joint [...]