The announcement brings Amazon’s total pledged investment in South Korea to $9 billion over the next five years
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Korean regulator hits SKT with $97m fine over data breach
This week, South Korea’s privacy regulator has announced it will fine SK Telecom 134.8 billion won (~$97 million) in response to a data breach the company revealed in April.
Trimble and KT Corporation to Deliver Bundled Telecom and Precise Positioning Services in South Korea
Trimble and KT Corporation who will provide bundled telecom, correction and precise positioning services to automotive original equipment manufacturers (OEMs) and Internet of Things (IoT) companies throughout South Korea.
South Korean telcos accused of collusion, may face fines of $4bn
This week, South Korea’s Fair Trade Commission (FTC) has announced a preliminary decision to impose fines of up to $4.1 billion on the nation’s three telco giants.
Korea Telecom and Microsoft sign multibillion-dollar AI partnership
South Korean telco Korea Telecom (KT) and Microsoft have announced a five-year, multibillion-dollar partnership to drive AI innovation across the country. The collaboration will bring AI-powered solutions to over 650,000 businesses and 17 million consumers, with a focus on industries such as finance, healthcare, and education, the companies have said.
South Korea revokes Stage X’s mobile license
The South Korean Science Ministry has announced it will revoke the license of new mobile carrier, Stage X, for failing to meet the legal requirements to run its business.
South Korea to invest $19 billion in semiconductor industry
South Korea President Yoon Suk Yeol has announced that the country will spend a record 26 trillion won ($19 billion) on a support package for its chip businesses, saying the semiconductor industry is a vital sector for the national economy.
South Korea’s newest operator Stage X strikes partnership with Rakuten
This week, the newest mobile network operators in Japan and South Korea, Rakuten Mobile and Stage X, respectively, have agreed a strategic partnership alongside Rakuten Symphony that will see the trio collaborate on everything from network strategy to 6G technology.
Korean Air shows off comprehensive urban air mobility system backed by 5G
This week, Korean Air has announced the successful demonstration of their urban air mobility (UAM) operating system, a system which could become the foundation upon which commercial flying taxi services could be launched by 2025.
South Korea to invest $7 billion in AI semiconductors
The South Korean President Yoon Suk Yeol announced this week that the country will invest 9.4 trillion won ($6.94 billion) in artificial intelligence (AI) by 2027 in an effort to maintain a leading global position in the semiconductor chips industry.
Stage X wins mmWave spectrum to become South Korea’s fourth 5G player
This week, South Korea’s Ministry of Science and ICT has announced the results of its latest spectrum auction process, revealing Stage X as the winner poised to become the country’s fourth national mobile network operator.
South Korean president backs semiconductor mega cluster investment
The South Korean government has announced its support for plans to develop a new semiconductor production cluster just outside Seoul, as the country attempts to consolidate its chip production efforts. The cluster, which will be built across 21 million square metres of land, is expected to create 3 million jobs over the next twenty years, according to a report from the Yonhap news agency.
“Very worrisome”: South Korean govt revokes mmWave 5G licences
News KT and LG Uplus will have their licences cancelled, while SK Telecom will have their licence term shortened by six months South Korea is rightly looked to as a world leader in many fields of technology and, for the most part, 5G is no exception. However, when it...
South Korean telcos form credit assessment JV
The new joint venture (JV) will use the telcos’ communication data to help generate credit scores, particularly targeting those without lengthy financial records
South Korean operators betting big on content creation
All three of South Korea’s major operators are investing millions in content creation, hoping to capitalise on a new and growing revenue stream as traditional revenues dry up
SKT consortium bids to become South Korea’s first flying car operator
The telco has submitted their business proposal to join the South Korean government’s K-UAM Grand Challenge programme, but will face still competition from the likes of Hyundai and Kakao Group
Joby and SK Telecom plan to introduce aerial ride-sharing in South Korea
California-based Joby Aviation is partnering with SK Telecom (SKT), one of South Korea’s largest telecommunications companies, to introduce aerial ride-sharing services in the country.
Digital Realty opens first carrier-neutral data center in South Korea
Digital Seoul 1 will support South Korea’s development as an important data center hub and expand coverage of PlatformDIGITAL® in the region
LG U+ leads South Korea 5G mobile network performance: Umlaut 2021 report
Globally, South Korea was one of the first countries to launch 5G in 2018 and it continues to set new benchmarks with high-speed and low-latency 5G network. The country has the fastest average internet connection in the world. It is also a global leader when it comes to 5G deployment.
South Korea’s imposes massive fine on Google for abusing its leadership position
News South Korea's antitrust regulator, Korea Fair Trade Commission (KFTC), has imposed a fine of $176.64 million on Alphabet's Google for blocking access to the customized versions of its Android operating system (OS) as per a Reuters report. KFTC accuses the...
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