The Korean government wants to make the telecoms market there more competitive.

The three telecom companies in Korea, SK telecom, KT, and LG Uplus, have all been monopolies for more than 20 years. To change this system, the Korean government will lower the fee for giving a new operator a frequency allocation and give the new operator help, such as loans of up to 400 billion ...

LG UPLUS’ NET PROFIT ROSE 35 PERCENT IN Q1 2021

Highlights –

• LG Uplus’ net profit rose 35 percent in Q1 2021.
• The mobile carrier company’s operating profit increased 25.4 percent to 275.6 billion won.
• Sales from its wireless service business grew 5.4 percent on-year.

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...

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 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 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...

LG UPLUS CORP. REPORTS NET LOSS IN Q4 2020

Highlights –

• LG Uplus Corp., reports net loss in Q4 2020.
• The company’s net loss stood at $201.7 million in October-December period.
• Its operating income reached 175.5 billion won, down to 3.7 percent.
• The company had...

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...

SHINHAN BANK SET TO ROLL OUT WITH 3 UTILITIES-FINANCE, RETAIL AND TELECOM IN ONE DIGITAL PLATFORM

• Starting next year, consumers will be able to peruse their banking histories, shopping patterns at beauty stores and cellphone data usage, all via a single digital platform.
• Shinhan Bank said Wednesday it has signed a MoU with CJ Olive Networks, an online retail arm of CJ Group...

SPECTRUM PRICE WAR BETWEEN GOVERNMENT AND MOBILE CARRIERS

• South Korea's three principal telecom operators on Tuesday appealed to the government to hold an auction to reallocate their network spectrum set to expire next year amid controversy over prices.
• Spectrum for 2G, 3G and 4G LTE networks held by the three chief carriers -- SK...

KOREA’S INGENUITY HAILED BY INDUSTRY STALWARTS IN DRIVING HI-SPEED 5G NETWORKS

• Global stalwarts from around the globe and industry officials acknowledged the supremacy of South Korea’s 5G network technologies at an online seminar hosted by SK Telecom on Wednesday.
• Korea’s 5G achievements hold privileged position in the world, said Alex Choi, v...

KB KOOKMIN BANK’S MOBILE PHONE BIZ FACING DRAWBACKS AMIDST LENDER UNION OUTCRIES

• KB Kookmin Bank's new line of business offering mobile phone plans in partnership with telecommunications firm LG Uplus continues to face pitfalls due to hardline opposition from the lender's union.
• Last November, the bank introduced its budget phone service Liiv M, whi...

VIDEO CONFERENCING REDEFINING COMMUNICATION PROTOCOLS IN BUSINESS HOUSES

• South Korean telecom companies are shoring up plans to enhance their videoconference capabilities.
• In order to meet rising demand amid the COVID-19 pandemic, it has boosted a telework model here, industry insiders said Monday.

Global videoconference an...

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 ...

UNMANNED STORES BEING DEVELOPED SOUTH KOREAN TELCOS

HIGHLIGHTS

• Due to the infection caused by coronavirus, social distancing is necessary.
• Telco companies in South Korea are planning to offer unmanned services at their stores.

Due to the crisis caused by coronavirus, social distancing...

SOUTH KOREAN MOBILE SERVICE PROVIDER CANCELS LAUNCH EVENT FOR GALAXY S20

Highlights –

• Top South Korean service provider cancels mobile phone launch
• COVID-19 fear leading to cancellations
• Pre orders of Galaxy S20 from February 20 – 26.

South Korea’s top mobile phone operators SK Telecom Co. and...

South Korea’s CES 2020 witnesses participation from leading mobile carriers

New business opportunities are sought by South Korean mobile carriers-SK Telecom and LG Uplus at the upcoming Consumer Electronics Show 2020 which is to take place in Las Vegas on 7 Jan.

In its dedicated pavilion, the group will allegedly introduce its latest technologies, especially th...