Earnings of CJ Cheiljedang and CJ HelloVision expected to improve in 2017

CJ HelloVision CJ Group’s key unit CJ Cheiljedang Corp. and cable channels operating arm CJ HelloVision Co. are expected to see their earnings recover this year after they disappointed the market with poor performance last year due to falling prices of core products and a one-off cost. The food manufacturing unit of the group, CJ

Study by the Green Consumer Network finds Cell Phone Bills Burden South Koreans

Study, Green Consumer Network A study conducted by the Green Consumer Network in Korea and Democratic Party of Korea lawmaker Park Hong-keun revealed that 75.3 percent of South Korean adults (1,000 surveyed) feel burdened by their telecommunications expenses. One third of the respondents said their cell phone bills had increased under the current administration, while

South Korea MVNOs Struggle for Existence as Subscriber Numbers Near 7 million

South Korea, MVNO SEOUL: The number of MVNO subscribers is about to exceed seven million, a sign of market maturation over the past six years. However, due to sluggish growth that began two years ago, businesses are desperately struggling for existence. Mobile Virtual Network Operators (MVNOs) are putting significant efforts into finding a way out

CJ HelloVision offering extra discount for budget mobile service

CJ HelloVision CJ HelloVision will offer discounts up to 40 percent on its monthly fee over the next two years for its budget mobile service Hello Mobile, which is double those provided by the nation’s major mobile carriers, the company said Sunday. The discount is available for those who choose it over a handset discount

SK will not drop budget mobile business

SK Telecom SK Telecom said that it has no intention of halting operation of its budget mobile business in return for receiving approval from the government for its proposed merger with CJ HelloVision (CJH). “SK Telecom has no plan to drop its budget mobile business even after the government approves the merger with CJH, which

Dispute intensifies over SK Telecom’s takeover plan

SK Telecom A group of telecom industry officials clashed again over SK Telecom’s proposed takeover of CJ HelloVision (CJH), putting the government in a serious dilemma. This came as the Ministry of Science, ICT and Future Planning (MSIP) held a second round of discussions Wednesday, accepting opinions from experts and interested parties over the takeover

Korea may delay SKT-CJH approval

SK Telecom CJ HelloVision The government may delay its decision to approve a proposed takeover plan of CJ HelloVision (CJH) by SK Telecom after relevant government agencies reached a consensus to undergo stricter-than-expected screening processes for the mobile carrier’s proposed deal. The Ministry of Science, ICT and Future Planning (MSIP), which will decide on the

Xiaomi begins offline sales of smartphones in S. Korea

Xiaomi Chinese tech giant Xiaomi Inc. started selling its smartphones in South Korea through local dollar-shop chain Daiso, industry sources said Wednesday, marking the first time for its mobile devices to be sold at offline stores here. The Xiaomi Redmi 3 and Redmi Note 3 carry a price tag of 99,000 won (US$82.34) and 129,000

Semtech Works with Korean Gas Supplier SK E&S and SK Telecom on LoRa®-Based AMI System to Automatically Read Gas Meters and Detect Gas Leaks in South Korea

SK Telecom LoRa-based AMI system significantly reduces system cost, improves battery lifetime, and expands network coverage Semtech Corporation (Nasdaq: SMTC), a leading supplier of analog and mixed-signal semiconductors, today announced it will be working with Korean gas supplier SK E&S and telecom operator SK Telecom to develop and deploy automated gas meters and detectors in

Rivals cry foul over SKT’s merger plan

Telecom giant aims to expand dominance across sectors Mobile carrier SK Telecom’s desire to increase its presence beyond the mobile network industry into the media content platform segment has sparked a backlash from its rival network operators KT and LG Uplus. SKT, which has Internet Protocol TV operator SK Broadband under its wing, has been

SKT And CJHV KT, LGT Opposing SKT’s M&A of CJHV

SK Telecom is planning to invest 5 trillion won (US$4.3 billion) for 5 years after its acquisition of CJ HelloVision, and through this, it expects a return of 7.5 trillion won (US$6.45 billion) in production and the creation of 48,000 new jobs. But KT and LGT object to the merger, saying that will cause a

XOX teams up with South Korean mobile tech firm

XOX Bhd’s indirect unit XOX Mobile Sdn Bhd is teaming up with South Korean mobile technology firm Mobligation Co Ltd to develop and promote innovative mobile portal and browser solutions in South-East Asia. The mobile virtual network operator told Bursa Malaysia that by the first quarter of 2016, they would form a joint venture (JV)

Fitch: No Immediate Rating Impact on SK Telecom from CJ Hellovision Purchase

Fitch Ratings says SK Telecom Co., Ltd’s (SKT; A-/Stable) proposed acquisition of a stake in CJ HelloVision Co., Ltd (CJH), the largest cable television operator in South Korea, will have no immediate rating effect on SKT or SK Broadband Co., Ltd. (SKB, A-/Stable). The acquisition is likely to boost SKT’s media business by broadening its

SK Telecom will buy cable firm

SK Telecom is jumping into the broadcast market by acquiring the nation’s largest cable television operator, CJ HelloVision, industry sources said Sunday. It is the first time a Korean telecommunication carrier has acquired a cable TV company. CJ HelloVision is the nation’s largest cable TV company with nearly 4.15 million subscribers and 2.4 million superfast

알뜰폰도 자체 대리점 낸다…에넥스텔레콤의 `신선한 도전`

중소 알뜰폰 업체가 오프라인 매장을 전국에 낸다. 자체 유통망이 거의 없어 고객접점이 부족했던 문제점을 타개하는 의미 있는 시도로 평가된다. 성장이 정체된 알뜰폰 확산에 기여할 수 있을지 관심이 쏠린다. 에넥스텔레콤(대표 문성광)은 이달 중 오프라인 대리점을 오픈한다고 11일 밝혔다. CJ헬로비전이 오프라인 대리점을 운영 중이지만 중소 알뜰폰 업체가 대리점을 여는 것은 이번이 처음이다. 우선 이달 서울 한 곳을

E-Mart to partner with SKT to tap MVNO market

South Korea’s leading retail mart E-Mart will team up with mobile carrier SK Telecom (SKT) to enter into the mobile communications service market. E-Mart announced Tuesday that it will ink a memorandum of understanding (MOU) with SKT on leasing SKT’s networks at a wholesale rate and that it will launch mobile virtual network operator (MVNO)

(LEAD) Mobile carrier hopeful cries foul over evaluation process

A local consortium seeking to win a license as a new mobile operator claimed Thursday that the evaluation process to pick a new player is unfair and largely swayed by existing bigger players. Korea Mobile Internet (KMI) has been working to earn approval from South Korea’s telecom regulator to become the country’s fourth mobile carrier,

Wikipedia founder eyes Korea

Wikipedia co-founder Jimmy Wales wants to expand the London-based budget carrier business to Korea in partnership with a major Korean telecom operator. Wales told The Korea Times he was “very much interested” in launching a mobile virtual network operator (MVNO) business in Korea and said he believed the business model of The People’s Operator (TPO)

Website opens for budget phones

The Korea Mobile Virtual Network Operators Association (KMVNO) said Thursday that it will start a Budget Phone Hub website, an online market for budget smartphones. The KMVNO made that announcement as it held a media day to celebrate reaching 5 million subscribers. “The online market will help cut telecom expenses for consumers, and allow mobile

Discount Phone Service Subscribers to Reach 5 Million in Korea

The total number of subscribers to MVNO discount phone services in Korea is expected to surpass 5 million in this month. According to industry representatives on April 12, the number of subscribers reached 4.85 million in February, giving MVNO services an 8 percent share among the total mobile service subscribers. The number of MVNO subscribers,

Large Inflow Of Money Witnessed In SK Telecom Co., Ltd.

SK Telecom Co., Ltd. (NYSE:SKM) traded negative at $27.48. On an intraday basis, the price dropped -0.51 points or -1.82%. The composite uptick value was $0.47 million while the combined downtick value was $0.21. The net money flow was $0.26 million while the up/down ratio was not very comforting at 2.27. However, a positive money