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The Korea Herald

Mobile & Internet

May 19, 2019
[EXIT DAEJEON 2019] Junction seeks more exposure in world’s most wired country

Junction, a Finnish nonprofit organization that has successfully organized world-leading hackathons in Europe since 2015, hopes to expand its presence in Korea. As a part of this process, the Junction former Head of Global Operations Antti Hammainen will be visiting Korea and participate in EXIT D...
May 16, 2019
Claim Di bringing winds of change to Thailand’s insurtech landscape

BANGKOK -- Stepping into the office of Bangkok-based mobile insurance claiming service startup Anywhere To Go, one couldn’t help thinking of the Avengers, as it was chock full of superhero figurines. “These figurines kind of reflect our vision in that we want to save people like superheroes as a...
May 13, 2019
Telcom firms under earnings pressure with 5G expenditure

South Korean telecom firms are expected to post lackluster earnings in the second quarter due to heavy spending on 5G infrastructure, analysts said on May 13. The nation’s three carriers -- SK Telecom, KT and LG Uplus -- rolled out their 5G commercial services in early April, but they have bee...
May 13, 2019
SKT, Microsoft sign MOU on 5G, AI, cloud computing

SK Telecom and Microsoft have agreed to collaborate in cutting-edge ICT areas, including 5G, artificial intelligence and cloud computing, to foster new business opportunities, the companies said on May 13. The South Korean telecom and US tech giants signed a memorandum of understanding last wee...
May 09, 2019
Pay TV subscribers hit 32.5m in 2018

The number of pay TV subscribers in South Korea stood at an average of 32.5 million last year, data showed May 9. The number that includes paying members of system operators, satellite broadcasting services and IPTV companies moved up some 530,000 during the second half of last year, according ...
May 09, 2019
SK Broadband seeks regulatory approval for merger

SK Broadband, the wholly owned subsidiary of South Korea’s top mobile carrier, SK Telecom, requested approval to merge with No. 2 cable TV operator t-broad, the government said on May 9. The Ministry of Science and ICT said it received a formal request to assess the business tie-up between the...
May 07, 2019
SK Telecom’s operating profit down in Q1

SK Telecom said on May 7 its first-quarter operating income slightly fell compared with a year ago due to its tepid mobile business. Its operating profit came to 323 billion won ($275 million) in the January-March period, down 0.9 percent from a year ago, the nation’s leading mobile carrier sa...
May 03, 2019
Online shopping hits record high in March

The total value of online shopping in South Korea reached a record high in March, government data showed on May 3, in the latest sign that a growing number of people are using computers and mobile devices to buy things, ranging from clothes to electronic goods. Total online transactions reached...
May 03, 2019
KT’s net profit up 16% on IPTV, content biz

KT said on May 3 its net profit jumped 15.9 percent in the first quarter from a year earlier, led by upbeat revenue from its TV and content business. The South Korean telecom provider posted 260 billion won ($222 million) in net profit in the January-March period, compared with 224 billion won ...
May 02, 2019
Korea to create fund for 5G immersive content

South Korea will create a fund worth 30 billion won ($26 million) to help nurture immersive content for the superfast 5G network, the government said on May 2. The fund, to be launched this month, aims to form an early market for immersive content and bolster the competitiveness of local tech v...
May 01, 2019
5G subscribers in S. Korea top 260,000

South Koreans who have subscribed to 5G services hit 260,000, with the country fast moving to better meet consumer demands, the government said on May 1. Asia’s fourth-largest economy was the first country in the world to launch full-fledged 5G services on April 3. The new communication sy...
April 29, 2019
SKT to create 5G-based HD map for autonomous driving

SK Telecom said on March 29 it will create a high-definition map based on its 5G network for autonomous driving in Songdo. The country’s leading mobile carrier signed a memorandum of understanding with the Incheon Free Economic Zone to collaborate on the 5G-based HD map in an area spanning 132...
April 22, 2019
Netmarble stock price jumps as BTS hits another Billboard No. 1

Stock prices of South Korean mobile game giant Netmarble Games soared after K-pop boy band BTS topped the main Billboard 200 album chart for the third time in less than a year. The company’s stock price, which once dropped to near 100,000 won ($87.60) at the beginning of the year, closed at 133...
April 21, 2019
S. Korea mobile carriers admit shaky 5G network in early stage

With complaints increasing among local users as to the quality of the fifth-generation cellular network, the country’s mobile carriers have admitted their services failed to meet consumer expectations, pledging improved operations. SK Telecom , KT and LG Uplus have each publicly acknowledged...
April 21, 2019
Nexon to host big gaming convention NDC 2019

Nexon Developer Conference, an annual convention for IT and gaming companies, will return this year on April 24-26 at Nexon Korea’s headquarters in Pangyo Techno Valley, Gyeonggi Province. Well-known game developers and IT experts from around the world will attend the conference to share their ex...

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