The Korean government was ordered to pay about 73 billion won to an Iranian investor who filed an investor-state lawsuit, claiming that he suffered losses in the process of participating in an auction for Daewoo Electronics in 2010.This marked the first time the South Korean government lost an ISD l
As standards on 5G mobile telecommunications were set earlier than expected, Qualcomm announced that the company would launch a chipset that supports 5G mobile telecommunications and a 5G smartphone loaded with the chipset. Major chip makers, smartphone makers and mobile carriers around the world pl
5G service frequencies are expected to be auctioned off for the middle of the three trillion won level. This is because as the government decided to put a weight on equal distribution, one mobile carrier can win up to100MHz of the 280MHz bandwidth of 3.5GHz, a nationwide 5G frequency. The three Kore
The high price of ING Life Insurance Korea is precluding financial companies from bidding for the life insurance company even though they are interested in acquiring the life insurer, the biggest M&A offering in the financial industry.According to the financial industry on April 25, MBK Partners, th
With competition for the early commercialization of 5G mobile telecommunication services intensifying worldwide, the Korean mobile industry is faced with formidable challenges.Among other things, the 5G frequency auction set for June will cost mobile carriers at least three trillion won.Furthermore
As the Ministry of Science and ICT is scheduled to release a 5G frequency auction draft this month, the three domestic mobile carriers – SK Telecom, KT and LG U+ -- are busy drawing up an optimal bidding strategy.The spectrum to be auctioned this time is highly likely to be 300MHz bandwidth in the 3
As governments and mobile carriers around the world started to prepare for the commercialization of 5G mobile telecommunications, the Korean telecommunication industry is pressed by the auction of 5G frequencies in June.According to the telecommunication industry on April 2, overseas governments and
On March 12, U.S. President Donald Trump issued an executive order to block Broadcom from acquiring Qualcomm. This has to do with the fact that a number of countries are trying to get the upper hand in the 5G race these days.In South Korea, KT is planning to launch commercial 5G services in March ne
On January 23, the government announced the Virtual Currency Regulation Guideline, gist of which is the instruction of a real name system after mentioning the abolition of virtual currency exchanges on January 11.However, employees of stores in Yongsan Electronics Market and Kukje Electronics Center
The Ministry of Science and ICT of Korea announced its plan for the supply of frequencies for industrial and daily life use On December 28. These frequencies can be defined as frequency bands that can be used for nothing with only technical standards determined by the government. These frequencies d
An over-the-counter (OTC) market for professional investors, such as venture capitals and angel investors, will be opened in South Korea in order to supply venture capital to start-ups and venture businesses. The Financial Services Commission (FSC) announced on November 14 that the new platform for
According to the Ministry of Science and ICT, the 3rd Generation Partnership Project (3GPP) confirmed the 5G frequency “channel maximum bandwidth” standard. The 3GPP decided to set a 100 MHz width in frequencies below 6 GHz and a 400 MHz width in frequencies above 6 GHz as the maximum bandwidths of
The Ministry of Science and ICT of South Korea is planning to finalize its 5G frequency allocation plan late this year or early next year and conduct a 5G frequency auction based on it between June and October next year. The plan is to allocate 3.5 GHz and 28 GHz bands, which are 5G frequency candid
Samsung Electronics and SK Hynix, which have a nearly 70 percent share of the global memory semiconductor market, are expected to see their quarterly Performance reach a record high once again. The business showings of the two companies have hit a new record high every quarter from the beginning of
Samsung Electronics is making great efforts to attract Indonesian consumers. Samsung Electronics Indonesia recently released the Galaxy S8+ limited edition with five local artists and designers, including Biyan. At the same time, the company carried out social contribution activities in Indonesia by
The Korea Financial Investment Association announced on May 23 that the Professional Over-The-Counter (Pro-OTC) market for institutional and professional investors opens on June 8 before the trading of unlisted shares and fund holdings in the market scheduled to be initiated in July.The association
KT will need to return the 800MHz frequency Band with 10MHz width to the government, though the company had no chance to use it. The company snatched the frequency bandwidth in an auction in 2011 at a price of 261 billion won (US$230.87 million).According to the Ministry of Science, ICT, and Future
The Ministry of Trade, Industry & Energy announced on February 2 that the South Korean government invests 90.5 billion won and the private sector invests 20.3 billion won this year so that smart factories can be built for at least 2,200 small and medium-sized enterprises (SMEs) and the number of suc
The Ministry of Oceans and Fisheries announced that no additional provisional seizures of Hanjin vessels will take place at ports subject to stay orders at home and abroad. “I do not expect additional seizures to take place,” said Yun Hak-bae, vice minister of oceans and fisheries in a meeting with
The 3.5GHz band is emerging as a new alternative to solve a mobile communications frequency drought. The 3.5GHz band has low quality compared to the current frequency. But the band is drawing attention as LTE technology is advanced and a frequency shortage deteriorated. According to relevant indust