SEOUL, May 26 (Korea Bizwire) — SK Telecom Co. has been found to be engaged in illegal marketing by offering foreigners additional subsidies in exchange for subscribing to the company’s service plans, generating criticism that the company’s reckless activities to attract more subscribers while evading regulations have resulted in discrimination against South Koreans. Industry sources [...]
SEOUL, May 22 (Korea Bizwire) — As the pandemic fuels demand for online activities, South Korean tech companies are bolstering efforts to develop “metaverse” platforms that allow users to shift their physical experiences to a virtual space. Metaverse refers to a virtual space, often incorporating augmented reality (AR) technology, in which users interact with others [...]
SEOUL, May 12 (Korea Bizwire) — SK Telecom Co. has teamed up with the National Theater of Korea and Content Wavve Corp. to invigorate traditional performances, as well as to secure 5G content. Under the partnership, the South Korea’s largest mobile carrier will transform a variety of traditional performances organized by the National Theater of [...]
SEOUL, May 11 (Korea Bizwire) — SK Telecom Co., South Korea’s largest mobile carrier, said Tuesday its first-quarter net income nearly doubled on the back of increased equity gains and growth in its 5G subscriber base. Net profit stood at 572 billion won (US$510.8 million), up 86.95 percent from a year earlier, while operating profit [...]
SEOUL, May 4 (Korea Bizwire) — SK Telecom Co., South Korea’s largest mobile carrier, said Tuesday it has decided to cancel 2.6 trillion won (US$2.32 billion) worth of treasury shares, over 10 percent of its total floated stocks, in a move to boost shareholder value amid plans to split into two companies later this year. [...]
SEOUL, April 30 (Korea Bizwire) — SK Telecom Co. said Thursday the launch of a ‘K-pop Metaverse Project’ using mixed reality (MR) technology and next-generation K-pop stars. The ‘metaverse’ refers to a three-dimensional world where the borders between reality and virtual space don’t exist. The project aims to lead the K-pop fever by introducing new [...]
SEOUL, April 29 (Korea Bizwire) — SK Telecom Co., South Korea’s largest mobile carrier, said Thursday it has launched an alliance with global tech giants, including Microsoft Corp. and SAP, to support local startups in the environmental, social and governance (ESG) sectors. The alliance, named ESG Korea 2021, will offer information and communication technology-based solutions [...]
SEOUL, April 21 (Korea Bizwire) — The chief of SK Telecom Co. said Wednesday the wireless carrier will likely work with Amazon.com Inc. in video streaming services as the country’s leading mobile carrier seeks to grow efforts to boost its non-mobile businesses. SK Telecom currently holds a major stake in local video streaming service operator [...]
SEOUL, April 19 (Korea Bizwire) — SK Telecom Co., South Korea’s largest mobile carrier, said Monday it has commercialized the world’s first 5G-based disinfection robot in a move to automate anti-infection efforts against COVID-19 in health care facilities. The telecom operator said it partnered with Yongin Severance Hospital to deploy the robot, which uses a [...]
SEOUL, April 14 (Korea Bizwire) — SK Telecom Co., South Korea’s largest mobile carrier, said Wednesday it will create a new holding company for its non-mobile subsidiaries to accelerate growth in promising fields and tighten its grip on its chipmaking unit, SK hynix Inc. The telecom operator said that it will conduct a spinoff to [...]