Wireless security solution provider Gitsn is planning to list on Kosdaq on the back of its projected high growth rate this year.Gitsn CEO Han Dong-jin said the company expects an 80% year-on-year growth in revenue from strong sales of its wireless security solutions.Its revenue from sales of wireles

SK Telecom said on Sunday that it has invested US$100 million into US AI firm Anthropic.The US startup was founded in 2021 by researchers that left OpenAI. It has developed chatbot Claude and has Google and Salesforce as investors.SK Telecom is a strategic investor under their partnership and Anthro

Netflix Co-CEO Ted Sarandos arrived in South Korea on Tuesday to partake in a press conference on Thursday, TheElec has learned.Sarandos will leave on Thursday after taking part in the conference where he will share the company’s investment plan in the country.Netflix is embroiled in a lawsuit with

Telecommunication equipment maker Eluon’s goal ahead was to supply quality telecommunication equipment that is cheaper but better than those made by Huawei, Eluon president Lee Young-sun told TheElec.Its equipment has already been verified by use of them by South Korean telcos, Lee said in an interv

South Korea has now over 30 million 5G users. According to the Ministry of Science and ICT, the country had 29.6 million users as of March, and given that number of subscribers has increased to around 500,000 per month up to now, it is more than likely that as of early May, there are 30 million user

The trial for Netflix’s lawsuit with South Korean broadband service provider SK Broadband over fees for using the latter’s network has started in the appeals court.SK Broadband is demanding that the US streaming service pay fees for using its network while Netflix is refusing to do so.The pair’s leg

Telecommunication equipment maker RFHIC is taking part in a consortium between South Korea and the United Kingdom to research 5G Open RAN technologies.Open RAN seeks to use an open standard for the interface and software used in wireless base stations.Previously, software and hardware used in base s

Samsung Electronics on Tuesday introduced a slew of new 5G network solutions.The company unveiled its new chipsets, high performance base station line-up, and 5G virtualized RAN (vRAN) solutions at an online event called Samsung Networks: Redefined, first such event hosted by Samsung Network, its ne

A Japanese non-practicing entity (NPE) has filed patent infringement lawsuits against Nokia and Ericsson using a patent it bought from LG Electronics.IP Bridge claimed in its lawsuit filed to the District Court for the Eastern District of Texas on June 11 against Nokia and Ericsson that the former i

SK Telecom’s subsidiary SK Broadband will launch Wi-Fi 6 routers for homes in the first quarter, TheElec has learned.The telco is the last to launch among its competitors in South Korea. KT and LG Uplus have already launched theirs last year.SK Broadband is planning to procure routers from Mercury f

South Korean telecom component maker Ace Technologies have won a contract from UAE-based telco Etisalat to supply in-building antenna, the company said on Tuesday.The company is expected to sign another contract for the supply and began shipping the antenna to the telco in the second quarter.This is

RN2 Technologies saw sales increase in 2020 thanks to its supply of telecom component to Chinese companies ZTE and Huawei.The company recorded 23.8 billion won in sales and 4 billion won in operating income in 2020, a rise of 13.7% and 43.3%, respectively.RN2 Technologies was registered as a supplie

Samsung Electronics’ injunction lawsuit filed to the US International Trade Commission against Ericsson is based on four patents related to semiconductor manufacturing, TheElec has found.Samsung’s import ban filed on February 4 is based on four of its patents, which it claims Ericsson has infringed

KT’s total capital expenditure in 2020 came down to 2.87 trillion won, the company’s earnings statements showed Tuesday.Out of that total, around 1.08 trillion won was done in the fourth quarter alone.The company’s total CAPEX in 2020 was down 11.8% from 2019.Earlier in 2020, KT said it expected cap

RAN market in 2021 is expected to grow 3% from 2020, according to Dell’Oro Group.China’s will grow by 4%, while North America and Europe will grow 2% and 3%, respectively, the research firm said.The worldwide RAN market will be worth US$35 billion on average from 2021 to 2025, the firm said.This was

South Korean telecom component maker RFHIC is expecting its highest annual sales on record in 2021.The company’s gallium nitride (GaN) power amplifiers are being supplied to Samsung Electronics’ network business. Samsung Network is planning to supply wireless equipment with GaN power amplifiers to U

SK Telecom’s capital expenditure dropped a significant 24% in 2020.The company spent 2.2 trillion won, down 24.3% from 2019’s 2.91 trillion won.The carrier has up to now remained reticent on how much it would spend in 2020. At the first quarter conference call that year, CFO Yoon Poong-young had sai

LG Uplus said on Wednesday that it recorded 13.41 trillion won in sales and 886.2 billion won in operating income for the full-year of 2020.The figures are an on-year increase of 8.4% and 28.1%, respectively. LG Uplus said profitability increased while efficient control of marketing cost contributed

SK Telecom said Wednesday that it has recorded 18.62 trillion won in sales and 1.35 trillion won in operating income for the full-year of 2020.The figures are an on-year increase of 5% and 21.8%, respectively. In the fourth quarter, SK Telecom posted 331.1 billion won in operating income, a rise of

Samsung Electronics has requested four patents owned by Ericsson to be invalidated to the United States Patent and Trademark Office (USPTO) on January 29, TheElec has learned.Two of the four patents are standard essential patents (SEP). One, Patent 10,454,655, deals with wireless handset, wireless t