KT's consolidated 2020 net profit climbed 5.6 percent on year to 703.4 billion won ($623.1 million). Annual revenue was down 1.7 percent to 23.9 trillion won, while operating profit was up 2.1 percent to 1.2 trillion won.
LG U+ was hit with 21.6 million won in government fines for a failure to secure customer data, which led to a massive breach and unauthorized sharing of sensitive information.
The redistribution price for 2G, 3G and 4G network frequency bands has been set between 3.17 trillion won ($2.86 billion) and 3.77 trillion won, ending a months-long dispute between the government and telecoms companies.
Korea’s telephone companies are helping track down people who attended a big antigovernment rally on Aug. 15, which is linked to the biggest coronavirus cluster yet in the Seoul metropolitan area.
In the game industry, cloud gaming first popped up in the early 2000s but wasn’t completely realizable back then because of the relatively poor network environment and latency caused by it. But with 5G connection, it’s a different story.
The sun is setting on the early age of modern telecommunications, and some Luddites are having none of it. They have formed an activist group and want to take their case all the way to the Supreme Court.
LG U+ launched an augmented reality (AR) concert feature that gives subscribers a virtual front-row seat to music concerts, at least inside their smartphone screens.
SK Telecom will supply equipment and consulting services for Myanmar’s state-run National Cyber Security Center, the mobile carrier said Tuesday.
KT CEO Koo Hyun-mo pointed out that the ongoing economic weakness resulting from the pandemic is different from other challenging periods in that some fields were growing even as most of the economy was suffering.
SK Telecom announced preliminary results from an ongoing, year-long experiment that indicated the presence of an AI speaker can yield health and psychological benefits for elderly people living alone.