S. KOREA SK TELECOM TO CANCEL 8.69 MILLION TREASURY SHARES

Highlights –

• S. Korea SK Telecom to cancel 8.69 million treasury shares.
• The company plans to cancel the shares in a move to boost shareholder value.
• The cancellation reduces its total issued stocks from 80.75 million to 72.06 million...

CAST.ERA TO LAUNCH NEXT-GENERATION BROADCAST SOLUTION

Highlights –

• Cast.era to launch next-generation broadcast solution.
• The media technology company is a joint venture between SK Telecom and Sinclair Broadcast Group Inc.
• Cast.era is said to have reportedly completed testing of the 5G-A...

KCC TO REVISE LAW ON THE LIMIT OF PAYMENT TO LIVESTREAM BROADCASTERS

Highlights –

• KCC to revise law on the limit of payment to livestream broadcasters.
• Platforms like YouTube and Afreeca TV operate live payments.
• KCC will pursue legal revisions to prevent excessive payments to livestreamers.

S. KOREAN TELECOM COMPANIES TO PUSH SUSTAINABLE ENERGY PROJECTS

Highlights –

• S. Korean telecom companies to push sustainable energy projects.
• SK Telecom Co. signed a deal with KEPCO to be supplied with 44.6-gigawatt hours of renewable energy.
• LG Uplus Corp. is also planning to double its efforts i...

KT CORP. SHOWS AN INCREASE IN NET PROFIT IN Q4 BY $35 MILLION

Highlights –

• KT Corp. shows an increase in net profit in Q4 by $35 million.
• The expansion in net profit was mostly due to growing 5G users.
• The company’s operating income rose 6.4 percent on-year.
• In 2021, the company...

S. KOREAN TELECOM COMPANIES TO EXPAND SERVICES WITH AI TECHNOLOGY

Highlights –

• S. Korean telecom companies to expand services with AI technology.
• KT Corp. will work with Hyundai Home Shopping Network Corp. to establish an AI call center.
• SK Telecom Co. has commercialized a cloud-based customer conta...

FACEBOOK’S OCULUS QUEST 2 VR DEVICE TO BE LAUNCHED BY SK TELECOM CO. IN S. KOREA

Highlights –

• Facebook’s Oculus Quest 2 VR device to be launched by SK Telecom Co. in S. Korea.
• The company is set to offer the device in the country on Tuesday.
• The device will support games co-developed by SK Telecom.

S. KOREA ASKS FOREIGN AND LOCAL ONLINE COMPANIES TO PROVIDE STABLE SERVICES

Highlights –

• S. Korea asks foreign and local online companies to provide stable services.
• Google, Facebook, Netflix, Naver, Kakao, and Wavve asked to comply with the country’s new law.
• The country will now hold service providers...

S. KOREAN LG UPLUS CORP. TO STOP 2G SERVICES BY THE END OF JUNE 2021

Highlights –

• S. Korean LG Uplus Corp. to stop 2G services by the end of June 2021.
• The telecom operator has submitted its application to the government.
• The country’s telecom operator SK Telecom Co. had shut down its 2G services...

KT PURSUING STRATEGIC ACQUISITIONS TO CONSOLIDATE LEAD IN PAY TV

• Korea Telecom (KT) is planning to further strengthen its lead in the pay TV sector by reviewing the possible acquisitions of D'Live and CMB, just days after it successfully closed a deal to purchase Hyundai HCN.
• D'Live and CMB are in the same field as Hyundai HCN, Kang ...