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...

S. KOREA SAW AN INCREASE IN 5G USERS BY 14 MILLION IN APRIL

Highlights –

• S. Korea saw an increase in 5G users by 14 million in April.
• SK Telecom Co. reported the most 5G subscribers at 6.74 million in April.
• 4G subscriptions declined to stand at 51.18 million in April.
• Some unsatisf...

TAXI HAILING T MAP MOBILITY TO ISSUE NEW SHARES WORTH $357.3 MILLION

Highlights –

• Taxi hailing T Map Mobility to issue new shares worth $357.3 million.
• The shares will then be allocated to two private equity funds (PEFs).
• T Map Mobility’s move comes as it plans to compete with Kakao Mobility.

SEVERAL S. KOREAN TELECOM COMPANY’S ESTIMATE PROFIT IN Q1

Highlights –

• Several S. Korean telecom company’s estimate profit in Q1.
• SK Telecom Co., KT Corp. and LG Uplus Corp. are expected to have a profit of US$863.3 million.
• KT Corp. is expected to have logged 386.3 billion won in oper...

S. KOREAN VIDEO STREAMING COMPANY WAVVE TO INVEST $882.7 BILLION IN CONTENT

Highlights –

• S. Korean video streaming company Wavve to invest $882.7 billion in content.
• Wavve will enter in a JV with SK Telecom, KBS, MBC, and SBS to produce original content.
• SK Telecom will invest in the JV by issuing 100 billion...

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...

S. KOREA’S APP MARKET ONE STORE GAINS POPULARITY

Highlights –

• S. Korea’s app market ONE store gains popularity.
• The app store is said to be an alternative to Google’s Play store.
• The app market is a subsidiary of wireless carrier SK Telecom Co.
• Google’s ...

S. KOREA OFFERS FREE VIDEO CALLS DURING THE LUNAR NEW YEAR HOLIDAY

Highlights –

• S. Korea offers free video calls during the Lunar New Year holiday.
• The ICT ministry gave the order to encourage virtual family meetings amid pandemic.
• SK Telecom Co., KT Corp., and LG Uplus Corp. agreed to not charge fo...

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. 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...

SOUTH KOREA TO HAVE 7 MILLION 5G SUBSCRIBERS SOON

HIGHLIGHTS

• In APR 2019, 5G internet technology started in South Korea.
• One year later, there were 6.9 Million 5G subscribers in South Korea.

In APR 2019, South Korea witnessed the launch of 5G internet technology. In MAY 2020, South ...