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LG U+ Chairman Lee Sang-cheol.Models show off LG U+’s IoT services that enjoy popularity.(Photos:LG U+)LG U+’s home Internet of Things (IoT) services have enjoyed explosive popularity, as the number of subscribers has topped 20,000 people in the 40 days since its debut.LG U+ said on Sept. 15 that …
KT Chairman Hwang Chang-gyu.Yoon Kyung-lim, head of KT’s Future Convergence Business Office, explains the facilities of the GiGA IoT Business Cooperation Center in Pangyo, Gyeonggi-do, on Aug. 25 in which KT held a ceremony to inaugurate the alliance on Aug. 25.(Photos:KT) KT has teamed up with 10…
KT has succeeded in commercializing so-called GiGA LTE, which is 15 times faster than the conventional Long Term Evolution (LTE) network.   KT launched the GiGA LTE service that offers a maximum download speed of 1.17 Gbps —15 times faster than the existing LTE and four times faster than…
President Nam Chang-hyun of Chungbuk Technopark.(Photo:NewsWorld)  A little more than a decade has passed since Chungbuk Technopark was established with the goal of exploring new growth engines and nurturing “global hidden champions” in the Chungcheongbuk-do area. Chungbuk Technopark ha…
KT Chairman Hwang Chang-kyu talks with an Ericsson executive during his tour to the global telecommunications maker in which KT agreed to cooperate in the development of 5G technology. KT Chairman Hwang and Ericsson executives pose for a group photo session.(Photos:KT) KT is collaborating with such…
LG U+ Chairman Lee Sang-cheol.LG U+ has come up with a data-based price system. (Photos:LG U+)  LG U+ Chairman Lee Sang-cheol’s high profile on the global stage has been drawing public spotlight of late, particularly when it comes to publicizing that his company aims to become a “N…
KT Chairman Hwnag Chang-kyuDignitaries, including President Park Geun-hye and KT Chairman Hwang Chang-kyu, cut the ribbon to open the Gyeonggi Creative Economy and Innovation Center.(Photos:Cheong Wa Dae) The Pangyo Techno Valley, the nation’s largest IT industrial complex, will be converted into …
Models promote products whose charges are based on only data use, which was introduced by KT for the first time in Korea.(Photo:KT)KT has become the first Korean telecom service provider to introduce a data-based selective charging system in which subscribers are allowed not only to choose monthly f…
LG G4 smartphone released by LG Electronics. (Photo:LG Electronics) LG Electronics (LG) unveiled its eagerly anticipated LG G4 smartphone on April 29, and launched events in New York, London, Paris, Singapore, Istanbul and Seoul. Approximately 1,000 guests around the world gathered to view the new …
LG U+ Vice Chairman Lee Sang-cheol speaks at a meeting with reporters at the World Mobile Congress 2015 in Barcelona, Spain on March 3. (Photo:LG U+) LG U+ Vice Chairman Lee Sang-cheol said, “The evolvement of the Internet of Things (IoT) will take shape into a replacement of the brain of human be…
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Economy/Finance
(from left) KEB Hana Bank President Ham Young-joo, Hana Financial Group Chairman Kim Jung-tai, President Min Ung-jun of Finnq Co., and SK Telecom President Park Jung-ho participate in a ceremony to release the financial application Finnq at the KEB H…
President Eun Seong-soo of the Export and Import Bank of Korea. (Photos: Eximbank) President Eun Seong-soo of the Korea Export and Import Bank (Eximbank) said he will try to find export-type new industries in the 4th Industrial Revolution and engage…
Shinhan Financial Investment, the control tower for Shinhan Financial Group’s investment banking sector, is in the middle of taking a stake in Nova Land Group, a real estate development company in Vietnam, jointly with Intarcia Therapeutics, a U.S…
A view of the Eximbank building in Seoul.(Photo: Eximbank) The Export and Import Bank of Korea (Eximbank) said Aug. 25 that it signed a facility agreement (FA) with the central bank of Iran to facilitate the provision of 8 billion Euro (10.6 trillio…


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