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In just one week, the world will witness how the fifth-generation telecommunications network will be realized across various industries and change individual users’ lives at the world’s biggest mobile industry show in Barcelona, Spain, according to industry sources on Feb. 17. And South Korea’s...
Korea’s No. 3 mobile carrier LG Uplus said on Feb. 14 it will buy CJ Hello, the nation’s No. 1 cable TV operator, to bolster its presence in the media and content market. LG Uplus held a board meeting to approve purchase of CJ E&M’s 54 percent stake in CJ Hello, a deal worth an estimated 800 bi...
Kakao, the operator of Korea’s most popular mobile messenger, saw its operating income plummet 56 percent year over year to 73 billion won (US$64.9 million) in 2018, according to a regulatory filing on Feb. 14. The firm attributed the decline to marketing costs for new businesses and year-end bon...
SK Telecom introduced a smart office based on the 5G network on Feb. 13, showcasing how the latest ICT technology can empower digital workplaces and enhance productivity. The nation’s top mobile carrier last month opened the smart office in a new skyscraper in downtown Seoul, which adopted cut...
Netmarble Games, Korea’s No. 1 mobile game developer and publisher, said on Feb. 13 that its operating income nearly halved in 2018 compared with a year earlier due to the belated launch of its new game products. Operating profit tumbled 43.5 percent on-year to 241.7 billion won (US$215.40 mil...
The Korea Communications Commission said on Feb. 12 that it is investigating video-sharing site YouTube’s paid subscription service, YouTube Premium. The government regulatory agency said it is launching the investigation on the suspicion that YouTube did not properly confirm subscriber agreement...
Online gaming firm Nexon on Feb. 12 reported record-breaking annual performance for last year on the back of strong sales of online computer games in overseas markets. Operating income jumped 9 percent on-year to 980.6 billion won (US$872.30 million) in 2018, and sales increased 8 percent on-ye...
Telecom firm KT said on Feb. 12 that it swung to a net profit in the fourth quarter, but its sales and operating profit fell due to its sluggish mobile business. KT logged 18.1 billion won (US$16 million) in net profit in the October-December period, compared with a net deficit of 123.5 billion...
US chipmaker Qualcomm has lost a lawsuit against the Fair Trade Commission, the nation’s antitrust watchdog, over unfair practices to maintain a monopoly in the local mobile communications chip segment in 2009. The Supreme Court on Feb. 11 found most of the FTC decisions in 2009 to impose a total...
NCsoft, Korea’s biggest online game publisher, said on Feb. 12 its net profit decreased 5 percent on year in 2018. Its profit stood at 421.5 billion won (US$374.10 million) on a consolidated basis last year, compared with 443.9 billion won a year earlier, the company said in a press release. ...
It looks LG Uplus may be trying to fork over too much dough for Korea’s largest cable TV operator CJ HelloVision, with market analysts saying the estimated bid of 1 trillion won (US$889 million) is a price too steep. “Considering the declining competitiveness of cable TV operators, claims that...
The labor union of Naver, Korea’s dominant internet portal and search engine, said on Feb. 11 that it will have no choice but to consider a strike if the company does not engage in meaningful dialogue. The union, which was established in April 2018, has warned it could take collective action a...
Korea’s Supreme Court has found that a 2009 penalty decision by the state antitrust watchdog against US-based Qualcomm was not completely lawful, sending the case back to a lower court for reconsideration, court officials said on Feb. 11. The Fair Trade Commission fined the global chipmaker 27...
Korea’s YouTuber management company Sandbox Network, cited as one of the most popular workplaces among Generation Z, has hit countless milestones. This year, it has a new goal: to become a unicorn -- startups with a valuation of over US$1 billion. Sandbox Network CEO Lee Pil-sung said that Sandbo...
Mobile network operator LG Uplus will soon finalize its plans to take over Korea’s largest cable TV firm CJ Hello, according to news reports here on Feb. 8. The nation’s No. 3 mobile carrier, after SK Telecom and KT, will hold board meeting as early as next week to get approval for a deal that...
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