SEOUL, June 8 (Korea Bizwire) – SK Telecom Co., a major South Korean telecom operator, said Tuesday it will wrap up the testing of a next-generation traffic system in Seoul by the end of this month as it seeks to accelerate efforts to develop self-driving technology based on its high-speed 5G network. The telecom operator [...]
SEOUL, June 8 (Korea Bizwire) — SK Telecom Co., a major South Korean wireless carrier, said Tuesday it will launch a virtual reality (VR) game for Facebook Inc.’s Oculus Quest devices in a move to bolster its presence in the VR sector. “Crazy World VR,” playable on Oculus’ Quest 1 and 2 devices, features a [...]
SEOUL, June 8 (Korea Bizwire) — SK Telecom Co. is set to launch decentralized identifier (DID) service that uses blockchain technology to uniquely identify buildings as well as to diagnose the safety of dangerous structures. DID is a term used to describe an online-based electronic identification system that uses blockchain technology to manage the certificate [...]
SEOUL, June 7 (Korea Bizwire) — SK Telecom Co., a major mobile carrier, denied a news report Monday that it is planning to sell a stake in its e-commerce unit 11Street to U.S. retail giant Amazon.com Inc. in a bid to bolster its online retail business. Local media had earlier reported that Amazon will exercise [...]
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 [...]