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Google fined KRW 207 bln in Korea for preventing alternative Android forks

2021-09-14 08:42:00| Telecompaper Headlines

(Telecompaper) The Korea Fair Trade Commission fined Google KRW 207.4 billion (USD 177 million) for preventing mobile device makers such as Samsung from developing...

Tags: google alternative korea preventing

 

KT to launch KRW 10 bln fund to boost media content business by 2023

2021-03-25 07:49:00| Telecompaper Headlines

(Telecompaper) South Korean operator KT has announced plans to acquire more than 1,000 works of intellectual property in media content by 2023, to boost its media and video streaming business...

Tags: business content media fund

 
 

Samsung confirms softer Q4, with revenues seen at KRW 60-62 trillion

2021-01-08 09:09:00| Telecompaper Headlines

(Telecompaper) Samsung Electronics said it expects revenues for the fourth quarter to reach KRW 60-62 trillion, better than the KRW 59.88 trillion reported the year...

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KT acquires 10% stake in Hyundai Robotics for KRW 50 billion

2020-06-18 12:18:00| Telecompaper Headlines

(Telecompaper) South Korean operator KT has signed a cooperation agreement and investment contracts with Hyundai Robotics. The two partners plan to collaborate on digital transformation based on 5G, artificial intelligence (AI) and smart factory applications. Under the terms of the deals, KT will acquire a 10 percent equity stake in Hyundai Robotics for KRW 50 billion.

Tags: billion hyundai stake robotics

 

SK Telecom, Kakao strike KRW 300 bln stock swap deal

2019-10-28 07:32:00| Telecompaper Headlines

(Telecompaper) South Korean operator SK Telecom and Korean mobile internet group Kakao have signed a partnership agreement including a KRW 300 billion stock swap transaction. SK Telecom will purchase 2.18 million new shares of Kakao with its treasury sharers (1.27 million shares). Following the transaction, SK Telecom will own a 2.5 percent stake in Kakao, and Kakao will hold 1.6 percent of SK Telecom.

Tags: stock deal strike telecom

 

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