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...

SPOTIFY - KAKAO M’S LICENSE DEAL EXPIRES; MAJOR K-POP ARTISTS’ SONGS REMOVED

Highlights –

• Spotify – Kakao M’s license deal expires; major k-pop artists’ songs removed.
• Major South Korean artists’ including IU and Apink songs removed.
• Spotify is said to have faced heated competition agai...

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...

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...

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 ...