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Sun, December 3, 2023 | 04:24
[Reporter's Notebook] Telecom operators should maintain commitment to core biz
Korea became the first country to commercialize 5G services in 2019, and is known globally for its high-speed internet. Yet the country's three major telecom firms are now facing a class action suit for subpar 5G services. A group of over 500 users of 5G services filed a compensation suit with the Seoul Central District Court, Wednesday, against SK Telecom, KT and LG Uplus.
LG has advantage as partner for Disney: CEO
LG Uplus CEO Hwang Hyeon-sik is confident that he can strike a content deal with Disney as the Korean mobile carrier has a proven track record of handling a content-driven business with global top-tier providers such as Netlix and YouTube.
LG becomes more agile under Koo's leadership
Forty-year-old Koo Kwang-mo came under the spotlight when he took the helm at LG Group in June 2018. There were inevitably doubts at the time over whether the scion could prove himself as the chief of Korea's fourth largest conglomerate.
Samsung Electronics forges partnership with Google for Galaxy Watch
Samsung Electronics offered a sneak peek into a new operating system (OS) Tuesday that will be incorporated into its next-generation Galaxy Watch to be launched in the coming months, which will have a platform built with Google. The company unveiled the "One UI Watch" OS at a virtual event held for the World Mobile Congress 2021 that kicked off in Barcelona, Spain, Monday (lo...
Samsung SDS partners with US firm ServiceNow
Samsung SDS said Tuesday it formed a partnership with U.S. software firm, ServiceNow, to offer enhanced services for clients, boost collaboration in new digital technologies and find business opportunities in the global market.
Shinsegae's eBay Korea acquisition to reshape e-commerce market
Shinsegae Group's ambitious acquisition of the local unit of eBay is set to produce a retail giant that will rival the existing top players. With its latest acquisition, Shinsegae is set to jump into the competition between Naver and Coupang which has dominated the local e-commerce market.
All eyes on Stellantis' possible partnerships with Korean battery makers
The world's fourth-largest carmaker Stellantis is accelerating its switch to electric vehicles (EVs), and attention is growing over whether the automotive group will join hands with a Korean battery manufacturer to target the U.S. market.
LG Uplus CEO extending support for patriots, veterans
LG Uplus CEO Hwang Hyeon-sik is leading a variety of efforts for the company to contribute to society, the latest of which seeks to promote the physical well-being of patriots and veterans.
Disney partnership to boost LG Uplus share price
Boosting its share price has been a long-term task for LG Uplus, the third-ranking player in the local telecom services industry. LG Uplus' stock price had remained lackluster until recent months, with expectations of a partnership with Disney for its over-the-top (OTT) media services here among the contributing factors for its sudden rise.
Will Samsung sign deal with LG over OLED purchases?
Samsung Electronics is very close to ordering between 3 million and 4 million organic light-emitting diode (OLED) TV panels from LG Display, as the world's top TV manufacturer plans to hedge against a possible investment risk in OLED panels, according to multiple industry sources, Monday. “Samsung Electronics is seriously considering purchasing LG Display-manufactured OLED pa...