KT and Woori Financial Group will collaborate on digital finance businesses that can be done remotely, the companies aid on Wednesday.The two conglomerates are co-owners of internet bank K Bank.KT’s IT technology will be applied to Woori’s current services that are done face-to-face and at close qua

KT has launched an artificial intelligence (AI) based energy management service aimed at unmanned stores, the telco said Wednesday.It will first applied to vending machines in unmanned stores operated by start-up Phase Commu.Data collected from temperature sensors within the machines will be stored

Huawei has enough semiconductor chips used in telecom base stations in its inventory to last years, TheElec has learned.Due to this, US sanctions will have only limited impact on the business compared to its smartphone operation that has recently halted the development of their own application proce

LG Uplus has applied its artificial intelligence (AI) technology that automatically readjust antenna angles in 5G base stations, the telco said.The technology has been applied in Seoul and Kangwon Province. It will be expanded to nationwide going forward, LG said.

SK Telecom said the artificial intelligence (AI) speakers it has provided to senior citizen for assistance have helped increase their daily activities.The telco has provided the speakers to some 4,700 senior citizens as of late July. They talk to them and helped them with calls.The seniors traveled

Telecom component maker KMW posted 204.7 billion won in sales for the first half of 2020, with Nokia and ZTE accounting for 77% of that.Meanwhile, long time customer Samsung Electronics only accounted for 5% of sales, according to the company’s filings to South Korean financial regulators on Tuesday

Samsung Electronics will support three generations of Android operating system upgrades on its Galaxy devices, the company said on Tuesday.The company previously supported up to two generations of upgrades.Besides flagships such as Galaxy S, Galaxy Note and Galaxy Z series, Samsung will also provide

Swedish telecom equipment giant Ericsson said on Thursday it has clinched a hundred 5G supply contracts.The deal with Telekom Slovenije earlier this week was its hundredth for 5G, the firm said. Last month, it has said it secured 99 contracts in its conference call for the second quarter.Rival Huawe

South Korean telcos are upping their promotions for the Galaxy Note20 series.SK Telecom showcased its drive through service in which those who pre-order the Galaxy Note20 Utlra and Galaxy Note20 will get a cab come in front of their homes that will take them to pick up their phones.KT help an online

Optical splicing company Inno Instrument aims to post an annual sales of 45 billion won in 2020 as well as turn a profit of around 3 billion won, the company said on Friday.The South Korean company posted an operating loss of 4.9 billion won in 2018. Operating loss got steeper at 17.5 billion won in

Optical module maker Opticore has been selected as a direct supplier of transceivers to SK Telecom, the company said on Thursday.It is the second time that the module maker has been selected as a direct supplier by the telco.It was first chosen late last year and supplied optical transceivers to SK

Italian wireless module firm Telit said its 5G data card FN980 has secured approval from various countries.It has received the KC certification from the Korea Communication Commission. It has also received approval from the FCC, PTCRB, RED, GCF, JRL, JTBL and other authorities globally.FN980 is base

Huawei has ranked 49th in 2020 Fortune Global 500 list, the company said.It is a jump of 12 in ranking. The Chinese tech giant ranked 61st on last year’s list. The company entered the top hundred for the time in 2017 with a ranking of 83rd place. It was ranked 72th in 2018.Huawei posted US$124.3 bil

Digital driver’s license on mobile authentication app Pass has exceeded a million users, South Korean telcos said.The license was launched in June in collaboration with local police and traffic authorities by SK Telecom, KT and LG Uplus.The license was being as identification cards at local convenie

Japanese telco Rakuten Mobile is hesitating on which technology to use for its 5G network which is causing delays in supply plans of South Korean network equipment makers, TheElec learned on Wednesday.The Japanese company initially planned to roll out 5G networks in September. Rakuten initially plan

A KT-led artificial intelligence (AI) group will hold a study week in which it will provide AI-related education content for two weeks, the telco said.Members of the AI One Team will provide their own AI contents between August 10 to August 21.The contents were made for internal employees but the al

LG Uplus has launched its augmented reality (AR) glasses that is only available for its 5G subscribers.The glasses, dubbed U+ Real Glasses, will go on sales on August 21.They are based on AR glasses made by Chinese start-up Nreal which was founded in 2017. The devices were first shown off in CES 201

SK Telecom said it is providing its artificial intelligence (AI) education videos to 16 universities in South Korea in the second half of the year.Dubbed the AI Curriculum, the telco supplied it to five universities last year.The curriculum has a total of 49 videos with lessons from 15 AI experts. T

OE Solutions expects its sales in the third quarter to be halved compared to a year prior due to delays in telcos’ 5G deployment from the COVID-19 pandemic.South Korea’s largest optical transceiver maker expects sales of 29 billion won in the third quarter. It posted 60.6 billion won in the third qu

South Korean telco KT will offer Netflix on its Olleh TV service beginning on August 3, the company announced.The pair will follow related laws and work together to offer a stable service for consumers, KT said.Subscribers to Olleh TV can pay extra fees to get unlimited access to Netflix, the carrie