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Tag: Korea Telecom

  • KT promotes its 5G team to run entire mobile business

    KT promotes its 5G team to run entire mobile business

    Mobile carrier KT announced its annual reshuffle Friday as it actively prepares to gain a strong foothold in 5G-related activities in 2019. The next-generation 5G mobile network is expected to be 20 times faster than the current 4G network. Mobile carriers are working to achieve commercialization of the technology by March next year.

    KT’s 5G business team used to be part of the company’s marketing division. Following the reshuffle, the team is in charge of the carrier’s entire mobile business.

    Its main role will be developing customer services using the 5G network.

    A new 5G Platform Development team will be part of the marketing division. It is tasked with devising services for corporate clients, including those related to smart cities, smart factories and connected cars.

    As for changes at the top, former chief secretary, Kim In-heo, 55, was appointed president of KT. Kim has been noted inside the company for his practical working style and flexibility with regard to fixed customs.

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  • SK Group continues to focus on social value

    SK Group continues to focus on social value

    SK Group is reevaluating its business models in a bid to ensure that all of its affiliates create social value along with economic value. SK Chairman Chey Tae-won and the heads of all SK affiliates discussed ways to renew their business models so that doing business leads to increasing benefits for the public as well as SK shareholders and employees during a three-day meeting on Jeju Island that ended Friday.

    “Creating social value is a way to earn strong trust from our customers and society,” Chey said. “By social value, I mean increasing the benefits of all stakeholders in our business including our customers, shareholders and employees.”

    Chey then ordered the chief executives to think over whether there was any part of their business that they are tricked into believing is sustainable.

    “Rethinking business models that you believe are sustainable is the beginning of a deep change that we are trying to accomplish,” the chairman added.

    SK has been making small steps into realizing Chey’s vision from earlier this year. The group’s oil refining arm SK Energy opened up the idle space at its gas stations so a logistics start-up can move in and use the space as storage.

    However, many other SK affiliates still need to come up with ideas to create social value.

    To renew business models, the CEOs agreed that sharing data and resources between SK affiliates is crucial. The heads also said that all members of SK should be a part of the movement for the vision to materialize.

    The chief executives first decided to improve human resources management policies and the research and development system. Details of the discussion weren’t revealed, but Chey ordered the chief executives to rethink the work environment for employees and to bolster R&D capabilities.

    As SK has businesses in a range of industries, the group is also thinking about business convergence among affiliates.

  • SK Group continues to focus on social value

    SK Group continues to focus on social value

    SK Group is reevaluating its business models in a bid to ensure that all of its affiliates create social value along with economic value. SK Chairman Chey Tae-won and the heads of all SK affiliates discussed ways to renew their business models so that doing business leads to increasing benefits for the public as well as SK shareholders and employees during a three-day meeting on Jeju Island that ended Friday.

    “Creating social value is a way to earn strong trust from our customers and society,” Chey said. “By social value, I mean increasing the benefits of all stakeholders in our business including our customers, shareholders and employees.”

    Chey then ordered the chief executives to think over whether there was any part of their business that they are tricked into believing is sustainable.

    “Rethinking business models that you believe are sustainable is the beginning of a deep change that we are trying to accomplish,” the chairman added.

    SK has been making small steps into realizing Chey’s vision from earlier this year. The group’s oil refining arm SK Energy opened up the idle space at its gas stations so a logistics start-up can move in and use the space as storage.

    However, many other SK affiliates still need to come up with ideas to create social value.

    To renew business models, the CEOs agreed that sharing data and resources between SK affiliates is crucial. The heads also said that all members of SK should be a part of the movement for the vision to materialize.

    The chief executives first decided to improve human resources management policies and the research and development system. Details of the discussion weren’t revealed, but Chey ordered the chief executives to rethink the work environment for employees and to bolster R&D capabilities.

    As SK has businesses in a range of industries, the group is also thinking about business convergence among affiliates.

  • KT’s Kids’ Land is now available on the move

    KT’s Kids’ Land is now available on the move

    KT’s Kids’ Land will soon be available on the move, as the mobile carrier tries to take on YouTube Kids by moving its popular child-friendly content service to smartphones.
    Kids’ Land, which launched in May on KT’s internet-protocol TVs, is now used by 3.6 million customers, according to KT. By creating a mobile app that is connected with the IPTV, the carrier said that kids will now be able to enjoy their favorite content anywhere they want.

    New content was also been added to the service, now upgraded to Kids’ Land 2.0, on Tuesday. While most of the content on the original Kids’ Land was for children, the new version comes with new videos dedicated to parenting, made for KT in cooperation with Dr. Oh Eun-young, a famous figure in the field of child care in Korea.

    Oh’s content will cover 10 big topics in parenting, spanning about 50 video clips, so that parents can easily learn how to behave with their children in specific situations, like when they won’t sleep.

    “There is so much, in fact, too much information on parenting that parents these days can’t really tell between reliable content and those that are not,” Oh said. “KT’s platform offers curated and reliable content that parents can always turn to.”

    Kang In-sik, vice president of the media content department at KT, said KT will be working to provide more original content to beat competition from other platform providers like YouTube. KT is currently contacting experts to make videos specifically targeting infants as well as the elderly and those hoping to learn a new language.

    The new Kids’ Land app will be ad-free and filter out harmful content for children.

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  • iPhone 7 debut in South Korea hurts Samsung

    Apple Inc’s iPhone 7 went on sale in South Korea yesterday, seeking to fill a void left by archrival Samsung Electronics Co on its home turf following a damaging recall fiasco over the Note 7 smartphone.

    The South Korean electronics giant discontinued the Note 7 — one of its key iPhone challengers — on Tuesday last week following reports that replacements for combustible models were also catching fire.

    The decision is set to cost Samsung billions of US dollars in lost profits and there are already signs that Apple is reaping some of the benefits.

    Samsung shares fell nearly 2 percent yesterday as iPhone 7 hit stores across the nation.

    An official at mobile carrier Korea Telecom said the first batch of 50,000 iPhone 7s it put up for preorder a week ago sold out in 15 minutes.

    “I would attribute part of that to the Note 7 effect,” said the official, who declined to be identified because he was not authorized to talk to the media.

    Customer defection is one of Samsung’s biggest concerns, especially as the Note 7 was specifically aimed at taking on the iPhone in the premium handset market.

    In the hope of retaining customer loyalty, Samsung had offered Note 7 users a 70,000 won (US$60) phone bill credit if they swapped their faulty phones for another Samsung handset.

    The half-dozen customers buying the new iPhone at a Korea Telecom store in central Seoul yesterday were all long-time Apple users who had preordered their handsets.

    Office worker Lee Kyung-hee, 34, said she had moved fast when the preorder service opened, fearing a surge of interest from unhappy Note 7 owners.

    “I set an alarm and was very quick,” Lee said.

    In South Korea, retail prices for the iPhone 7 and 7 Plus start from 869,000 won and 1.02 million won respectively for the basic 32GB models.

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