SEOUL, July 15 (Korea Bizwire) — South Korea’s major telecom operators promised to invest up to 25.7 trillion won (US$21.4 billion) to establish a nationwide 5G infrastructure by 2022, the ICT ministry said Wednesday, in a move to boost the economy. The country’s three major carriers — SK Telecom Co., KT Corp. and LG Uplus [...]
SEOUL, July 13 (Korea Bizwire) –While most industries are reeling from the continuing fallout caused by the COVID-19 pandemic, local mobile carriers are expected to announce surprising earnings for Q2 over the previous year. While growth in the number of 5G subscribers is slower than expected, decreased expenditures for 5G infrastructure buildup and marketing costs [...]
SEOUL, July 11 (Korea Bizwire) — Local mobile carriers are expanding virtual reality (VR) services to cope with increased demand for online content amid the COVID-19 pandemic, industry sources said Saturday. Leading mobile carrier SK Telecom Co. has started offering recorded VR sessions of the Bucheon International Fantastic Film Festival on its Jump VR application [...]
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, July 3 (Korea Bizwire) — South Korea’s major telecom companies are introducing new smart factory solutions to help manufacturers overcome the pandemic-caused economic slump with more efficient production systems. SK Telecom Co., the country’s largest mobile carrier, on Friday released a subscription-based smart factory solution for small- and medium-sized manufacturers that optimizes their equipment [...]
SEOUL, July 3 (Korea Bizwire) — South Korea’s three major telecom operators are expected to be slapped with a record fine over illegal subsidies for customers, industry sources said Friday. The three companies — SK Telecom Co., KT Corp., and LG Uplus Corp — have been suspected of providing massive amounts of illegal phone subsidies [...]
SEOUL, June 15 (Korea Bizwire) — South Korea’s major telecom operators are looking to launch clerkless outlets as they try to cope with non-face-to-face business situations amid the novel coronavirus pandemic, industry sources said Monday. According to the sources, SK Telecom Co., the nation’s top mobile carrier, is planning to offer unmanned services at a [...]
SEOUL, June 15 (Korea Bizwire) — South Korea’s three major telecom companies are expected to face a record fine over their illegal subsidies for 5G customers, industry insiders said Monday, as they fear such a penalty could dampen their efforts to overcome the novel coronavirus pandemic. According to industry sources, the Korea Communications Commission (KCC) [...]
SEOUL, June 13 (Korea Bizwire) — South Korea’s three major telecom firms are expanding financial services in cooperation with local banks, industry officials said Saturday, as they try to expand their businesses beyond the telecom sector. The three firms — SK Telecom Co., KT Corp. and LG Uplus Corp. — in recent months introduced various [...]
SEOUL, April 11 (Korea Bizwire) — South Korean telecommunication firms are expected to post weak earnings in the first quarter of the year, analysts here said, as 5G marketing costs still weigh down their bottom lines amid the novel coronavirus outbreak. The combined operating profit of the country’s three mobile operators — SK Telecom Co., [...]