SK Telecom tops 5G speed and coverage among S. Korea's carriers in 2021

Dec 31, 2021 23:46 pm UTC| Technology Economy Business

SK Telecom recorded 929.92 Mbps, rising 16.8 percent from 2020, to rank first among the three South Korean mobile carriers in terms of 5G speed and service areas in 2021. KT hit 762.5 Mbps to clinch second while LG U+...

POSCO International to expand EV parts production to Europe

Dec 31, 2021 23:41 pm UTC| Economy Business

POSCO International will establish a motor core plant in Poland or Slovakia, giving production bases in Asia, North America, and Europe. The company has factories in China and India, and recently finalized the...

SK Telecom's flying taxi service prepares for takeoff

Dec 31, 2021 23:21 pm UTC| Business Life Economy

SK Telecom will establish a joint venture with SK Square subsidiary T-Map Mobility to jump into the urban air mobility (UAM) business. The joint venture between SK Telecom and T-Map Mobility would create a synergy that...

S. Korea's OTT firms such as Coupang, CJ to boost original content, international sports offerings

Dec 31, 2021 23:17 pm UTC| Business Economy Life

South Koreas over-the-top (OTT) services companies, including Coupang Play, Waave, Watcha, and TVING, are expanding their original content production and securing the broadcasting rights of overseas sports games. CJ...

Starbucks Korea vows to fix confusion in remaining credit in prepaid cards

Dec 31, 2021 23:14 pm UTC| Business Economy Life

Starbucks Korea vowed to explain the issue of its prepaid card system not returning the remaining credit after the five-year expiration date. According to a Starbucks Korea official, they have endeavored to explain the...

Hyundai Electric clinches $8.5 million power transformer supply deal to Oman

Dec 31, 2021 23:05 pm UTC| Business Economy

Hyundai Electric Energy Systems Co.has exported ultrahigh-voltage power transformers to Oman Electricity Transmission Co. in a deal valued at US$8.5 million. The sales deal with Omans state utility provider includes...

China's food import law worries foreign businesses

Dec 31, 2021 22:58 pm UTC| Business Economy Law

Chinas new laws now require all food importations to register with the customs authority, creating another barrier for international firms who have long complained of unfair treatment. Chinese consumers purchased $108...