Telecoms news from Korea, South
Fitch believes that the company's significant exposure to cyclical businesses and reliance on relatively fickle, fast-moving, investment-intensive markets is inconsistent with a 'AA' category rating. ...more.
Samsung saw its market value drop by US$12 billion on Friday as its shareprice was hit by concerns over slowing smartphone sales. ...more.
Normal traditional laptops may not be attractive enough to appeal to the more tech savvy consumers these days. The latest and more sophisticated laptop models such as the ultra-thin and hybrid types which come packed with advanced features in slimmer frames are becoming increasingly popular with Korean consumers, ...more.
Fitch said that the revision of the Outlook to Positive from Stable reflects its view that Hynix will benefit from the tighter supply-demand balance following the merger of Elipda Memory and Micron Technology, the world's third and fourth largest dynamic random access memory (DRAM) makers respectively. ...more.
Samsung is buying a minority stake in the local handset manufacturer, Pantech, making it the third largest shareholder in the company. ...more.
Two of South Korea's mobile networks are calling for the country's third mobile network operator to be barred from the forthcoming 1800Mhz radio spectrum auction, as it already holds licenses in those areas. ...more.
Fitch said that the review reflects KT's weak financial metrics and on-going margin erosion due to intense competition. ...more.
Moody's Investors Service says that the first-quarter results of Korea's KT Corporation were broadly in line with expectations, although KT's financial profile remains weak for its rating level. ...more.
What would happen if half of all global production for dynamic random access memory (DRAM), two-thirds of NAND flash manufacturing and 70 percent of the world's tablet display supply suddenly disappeared from the market? ...more.
Intel Capital has taken an undisclosed stake in South Korea based Zinitix, a fabless developer of touch controller ICs for smartphones and tablets. ...more.
The touchscreen smartphone has made it onto a postage stamp -- as the South Korean postal service has launched a range of stamps to celebrate the ICT industry. ...more.
Samsung Electronics has reported a 42% jump in its first-quarter profits, marking its sixth consecutive quarter of profits growth as the company continues to gain from its smartphone division. ...more.
South Korea's SK Telecom has announced that its LTE subscriber base has passed the 10 million mark, which would give it around half the Korean market for 4G services. ...more.
Citing Strategy Analytics data, the Yonhap News Agency reported that as many as 67.8 percent of South Korean smartphone users replaced their products last year. ...more.
South Korea's Financial Services Commission (FSC) has announced plans to tighten the country's online and mobile payment system. ...more.
Samsung Electronics has issued a preliminary financial statement and says that it estimates that its first-quarter profits will rise by 53% to reach KRW8.7 trillion (US$7.7 billion). ...more.
South Korea's communications regulator now says the cyberattack that paralyzed South Korean computer networks earlier this week might not have originated in China as originally believed. ...more.
The computer networks of major South Korean banks and broadcasters have gone down and police are investigating the possibility of a cyberattack. ...more.
Samsung has announced the appointment of Boo-keun Yoon and J.K. Shin as co-CEOs of Samsung Electronics. ...more.
South Korea's SK Telecom is evaluating Nokia Siemens Networks' newly launched Liquid Applications in its LTE network. ...more.