Tencent Reviews Marvelous Stake as Gaming Giant Reassesses Global Investment Strategy 
KPMG Australia Chairman and Senior Partners Exit Amid Escalating Whistleblower Scandal 
Australian Household Spending Rebounds Strongly in May as Travel and Dining Drive Consumer Growth 
South Korea Stocks Tumble as AI-Fueled Rally Faces Profit-Taking Pressure 
Oil Prices Drop as Strait of Hormuz Shipping Recovers 
U.S. Dollar Reaches One-Year High as Tech Sell-Off and Fed Rate Hike Expectations Support Demand 
Nissan Halts Electric Qashqai Development Amid EV Market Challenges 
Singapore Inflation Stays Muted in May as Core CPI Misses Forecasts Ahead of MAS Review 
Asian Stocks Slip as Oil Rebounds Amid Fed Rate Hike Fears 
Samsung Electronics Stock Surges on Report of Massive $59 Billion Share Buyback Plan 
Kioxia Targets U.S. Listing as AI Chip Boom Accelerates 
Wall Street Ends Mixed as Tech Stocks Struggle Ahead of Micron Earnings 
Gold Falls Below $4,000 as Strong Dollar and Fed Rate Hike Expectations Weigh on Prices 
Oil Prices Slip as Iran Sanctions Relief and Hormuz Shipping Recovery Ease Supply Concerns 
SK Hynix Moves Closer to New York ADR Listing Amid AI Chip Boom 
Bain Capital Nears Deal for Majority Stake in Volkswagen Marine Engine Unit Everllence 
Trump Orders DOJ Investigation Into Exxon, Chevron Over High Gas Prices 
Nokia and LG Uplus have signed a memorandum of understanding (MOU) to work together on the development of techniques related to 5G and 6G network technologies. The companies’ collaboration was announced on Wednesday, July 6.
LG Uplus stated that along with Nokia, they would also be focusing on the expansion of communication network structure, frequency expansion or bandwidth, and service zone technologies required for 6G networks. As per Korea Joongang Daily, the companies are planning to carry out research on Open Radio Access Networks. This Open-Ran is a technology that will to provide mobile carriers more flexibility in the network connection setup in the future.
Moreover, with Open-Ran, telecom operators will be able to mix and match components of a network system from various vendors through its open and interoperable interfaces. Nokia and Lg U+ will jointly develop energy harvesting technology as well. This will be utilized to make sure that there is a stable long-term power supply for wireless sensor networks as well as antenna technology for 6G communication of the next generation.
“In order to achieve the level of service quality that can satisfy the clients, it is necessary to upgrade the 5G network while thoroughly preparing for 6G networks as well. The deal allowed us to strengthen the partnership with Nokia,” LG Uplus’ head of network unit, Kwon Jun Hyuk, said in a statement.
Nokia Korea’s business head, Ahn Tae Ho, also said, “The technological collaboration between the two companies in 4G and 5G network technologies will be enhanced in 5G Advanced and 6G.
Ahn added that they are expecting the team up with LG Uplus will help test and develop advanced wireless network technology that can be used in the future “and would eventually speed up the commercialization of the service.”
Aju Business Daily further reported that the cooperation between Nokia and LG Uplus would cover service expansion technologies needed for 6G networks where standard technologies are essential to separate hardware and software of equipment while implementing inter-working among different manufacturer equipment.
Finally, it was mentioned that South Korean researchers have called for the early development of 6G technologies. Thus, companies have teamed up with research groups to secure 6G and eventually become the first to offer the commercialization of 6G telecommunication network by 2028.
