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SK Telecom and Microsoft have agreed to collaborate in cutting-edge ICT areas, including 5G, artificial intelligence and cloud computing, to foster new business opportunities, the companies said on May 13. The South Korean telecom and US tech giants signed a memorandum of understanding last wee...
The number of pay TV subscribers in South Korea stood at an average of 32.5 million last year, data showed May 9. The number that includes paying members of system operators, satellite broadcasting services and IPTV companies moved up some 530,000 during the second half of last year, according ...
SK Broadband, the wholly owned subsidiary of South Korea’s top mobile carrier, SK Telecom, requested approval to merge with No. 2 cable TV operator t-broad, the government said on May 9. The Ministry of Science and ICT said it received a formal request to assess the business tie-up between the...
SK Telecom said on May 7 its first-quarter operating income slightly fell compared with a year ago due to its tepid mobile business. Its operating profit came to 323 billion won ($275 million) in the January-March period, down 0.9 percent from a year ago, the nation’s leading mobile carrier sa...
The total value of online shopping in South Korea reached a record high in March, government data showed on May 3, in the latest sign that a growing number of people are using computers and mobile devices to buy things, ranging from clothes to electronic goods. Total online transactions reached...
KT said on May 3 its net profit jumped 15.9 percent in the first quarter from a year earlier, led by upbeat revenue from its TV and content business. The South Korean telecom provider posted 260 billion won ($222 million) in net profit in the January-March period, compared with 224 billion won ...
South Korea will create a fund worth 30 billion won ($26 million) to help nurture immersive content for the superfast 5G network, the government said on May 2. The fund, to be launched this month, aims to form an early market for immersive content and bolster the competitiveness of local tech v...
South Koreans who have subscribed to 5G services hit 260,000, with the country fast moving to better meet consumer demands, the government said on May 1. Asia’s fourth-largest economy was the first country in the world to launch full-fledged 5G services on April 3. The new communication sy...
SK Telecom said on March 29 it will create a high-definition map based on its 5G network for autonomous driving in Songdo. The country’s leading mobile carrier signed a memorandum of understanding with the Incheon Free Economic Zone to collaborate on the 5G-based HD map in an area spanning 132...
Stock prices of South Korean mobile game giant Netmarble Games soared after K-pop boy band BTS topped the main Billboard 200 album chart for the third time in less than a year. The company’s stock price, which once dropped to near 100,000 won ($87.60) at the beginning of the year, closed at 133...
With complaints increasing among local users as to the quality of the fifth-generation cellular network, the country’s mobile carriers have admitted their services failed to meet consumer expectations, pledging improved operations. SK Telecom , KT and LG Uplus have each publicly acknowledged...
Nexon Developer Conference, an annual convention for IT and gaming companies, will return this year on April 24-26 at Nexon Korea’s headquarters in Pangyo Techno Valley, Gyeonggi Province. Well-known game developers and IT experts from around the world will attend the conference to share their ex...
South Korean memory chipmaker SK hynix said on April 18 it has completed the expansion of its fabrication line in China to step up its DRAM production. The 58,000 square-meter facility in the eastern Chinese city of Wuxi will start operations in the second quarter, SK hynix said. The 950 bi...
South Korea’s dominant internet portal and search engine Naver said on April 18 it aims to double revenue from its cloud-computing business by taking on Amazon and other leading service providers in the burgeoning sector. The local market for cloud computing -- an internet-based computing serv...
South Korea’s Trade Ministry said on April 15 it will help local chipmakers and their subcontractors amid concerns that the sector will suffer a slowdown in the coming months. The country’s chip exports have been suffering a setback from falling prices amid tepid demand. Export of chips came ...
Korean builders nervous about possible setbacks in Middle East
HD Hyundai chair receives honorary doctorate from HUFS
SC Bank Korea offers special interest rate for new members
Hyundai-Kia marks 40 years of partnerships with over 100 suppliers: report
Samsung expected to introduce new Exynos processor in next Galaxy series
Woori, KB ink QR code payment partnership with Cambodia