KT said on February 14 that it has been selected as the preferred bidder for 'the operator of the local currency platform' in Gimpo, Gyeonggi Province. KT and Gimpo city signed a contract and plan to introduce their official services sometime in April. The city has been pushing for the issua
SK Telecom introduced '5G Smart Office' that was built at Centropolis Building in Jongno-gu, Seoul on February 13. '5G Smart Office' is an intensive structure of high-tech technologies such as 5G, AI, IoT, security, AR, VR and others that are owned by SK Telecom. It is a place where
KT announced on February 12 that it has applied a mesh structure that connects major cities in the country directly to 5G backbone network for the first time in Korea to provide high-quality 5G services.For 5G, transmission speed of 20Gbps, which is up to 20 times faster than LTE, and delay time of
Korean gaming industry faces a crisis of cutbacks in new game development and industry-wide stagnation due to falling investment. According to data from the venture investment information center on Feb. 6, venture capital in the gaming sector accounted for only 4.1 percent of new investment in 2018.
Kakao is known to be considering acquiring Nexon, a major game company. Attention is also focusing on how Kakao, a relatively small company, will secure funds to take over Nexon.Tencent, a Chinese game company, and KKR, Carlyle and MBK Partners are among the companies currently considering acquiring
Com2us announced on February 7 that its global hit 'Summoners War: Sky Arena' has surpassed the 100 million-plus downloads accumulated worldwide.The Summoners War, which was released globally in 2014, has continued its long-term success and recorded a cumulative download of 100 million in si
Netmarble released on January 31 that Ambassador Michael Danagher visited Netmarble to express his gratitude for Netmarble's continued investment, including the expansion of Kabam.A visiting group of Canadian representatives met with CEO Kwon Young-sik of Netmarble and discussed ways to promote
KT Powertel announced on January 31 that it has released 'RADGER F2', which is an LTE walkie-talkie that has both advantages of a foldable Smartphone and a Smartphone.'RADGER F2' is mostly characterized by applying a folder-type design to increase portability compared to current bar-
On January 30, SK Telecom announced its direction and plans for joint growth of the New ICT business at '2019 New ICT Collabo Day' event.At the event, 50 executives of business partners and representatives from ADT CAPS and 11street attended.SK Telecom announced plans for mobile telecommunic
The suspicion case that intentionally manipulated the performance of the older iPhone model (6•SE•7) in January last year will be handed over to the prosecution. "We haven't secured evidence to prove the suspicion," the Gangnam Police Station in Seoul said on Jan. 29. "We will send Apple to the
KT announced that it succeeded in broadcasting '2019 Wanna One Concert' through 5G network at Sky Dome in Gocheok, Seoul on January 27. KT succeeded in transmitting entire live performances of Wanna One concert through 5G technology. KT delivered videos of 4K UHD performance through sink-vie
LG Electronics plans to introduce its 5G smartphone for the first time at CCIB (Center de Convencions Internacional de Barcelona) in Spain on Feb. 24. The new smartphone faithfully reflected the needs of customers who want to enjoy large contents reliably with the speed of 5G, a company spokesman sa
Global data center company Equinix is going to establish International Business Exchange (IBX) data center (SL1) in South Korea in the third quarter of this year. Equinix held a press conference at Park Hyatt in Samseong-dong, Seoul on Jan. 23 and announced its strategy to enter South Korean markets
The Fair Trade Commission (FTC) is reviewing Apple's alleged power trip on three domestic mobile carriers through advertisements. The FTC and Apple have engaged in a battle. The FTC is reviewing allegations that Apple has handed over advertising and device repair costs to local mobile carriers.
Hanwha Energy announced on Jan. 21 that it was selected as the final contractor for the project to construct and operate a solar energy storage system (ESS) power plant that was hosted by the Hawaii Electric Power Corporation (HECO).Hanwha Energy will operate a power plant that connects the 52-MW so
"It's unfair. They deceived me by selling a used car as a new car," Chang Dong-min, 52, the owner of the 2017 Ford Explorer car said, showing his sorry feeling by pouring soju into every corner of his car at 2 p.m. on Jan. 20 in front of a Ford exhibition hall in Jeonju, North Jeolla ProvinceCha
The government suggested the "hydrogen economy" as a key driver of innovative growth. It plans to increase the production of hydrogen (fuel cell) cars to 6.2 million units by 2040 with an aim to secure the biggest share in the global market. Currently, there are about 2,000 hydrogen cars operating i
LG Chem requested the shutdown of energy storage systems (ESS), which use its own batteries, on Jan. 15, according to the Elec. Times.There have been eight fires in ESSs that use LG Chem's batteries since November last year, and ESSs that use the company's batteries have caught fire on Jan.
Toyota Motor Korea was fined 817 million won and received an order to stop false advertisements from the Fair Trade Commission (FTC). According to the FTC on Jan. 15, Toyota Motor Korea advertised that RAV4 vehicles, which were released in Korea, were selected as the Top Safety Pick(TSP) vehicles by
The Korean game industry plans to officially express its opposition to the registration of gaming disorder code, which is under discussion by the World Health Organization (WHO).Korea Association of Game Industry announced on Jan. 14 that it will attend the 144th WHO executive committee meeting to b