The telecom and pay-TV services revenue in South Korea is expected to increase at a compound annual growth rate (CAGR) of 1.9 per cent over the forecast period 2024-2029 from $32.3 billion (€30.9bn) in 2024 to $35.4 billion in 2029, supported by strong growth in the mobile broadband segment, forecasts GlobalData, the data and analytics […]

South Korea’s multiplay services market is set for steady growth between 2023 and 2028, driven primarily by tripleplay and quadrupleplay bundles. Increased demand for high-speed fibre broadband and value-added services like IPTV and OTT video will boost household spending on these packages. While doubleplay remains dominant, quadrupleplay is projected to see the fastest growth, supported […]

More than a third (34 per cent) of subscribers in East Asia now sign up to services exclusively via third-party bundles and offers — a growing trend of bundling that is already significantly higher than in the US (20 per cent), Latin America (21 per cent) or even Europe (30 per cent). In Japan, nearly […]

SK Telecom, Deutsche Telekom, e& and Singtel have formed the Global Telco AI Alliance designed to create a new customer experience and make a difference in the lives of global citizens using AI technology. The four members of the Global Telco AI Alliance agreed to make joint efforts to accelerate AI transformation of the existing […]

Korean telco SK Telecom is to enter the US market by providing a next-generation broadcast solution built with mobile edge computing (MEC) technology to Sinclair Broadcast Group, a diversified media company and a leading provider of local news and sports in the US. MEC is a technology that provides cloud capabilities at the edge of […]

Korean telco SK Telecom (SKT) has signed a memorandum of understanding (MOU) with Asia’s leading communications technology group, Singtel, jointly to grow the metaverse business in countries where the group operates in, starting with Singapore. One of four strategic partners globally and the only telco in APAC, Singtel will share its 5G and other technology expertise […]

Korean telco SK Telecom (SKT) has revealed that its metaverse platform ‘ifland’ has launched simultaneously in 49 countries and regions throughout the world. With the global launch of ifland, SKT will actively utilise K-pop content, develop attractive content with overseas partners, and strengthen communication features to shape ifland into a global leading social metaverse platform. […]

Japanese telco NTT DOCOMO has agreed with Korean telco SK Telecom (SKT) to collaborate on the competitive enhancement of their respective smart-life businesses and communications-infrastructure technologies worldwide. In the smart-life field, DOCOMO and SKT will discuss joint production of original content for their respective video distribution platforms and leverage their video-business synergies for expanded presence […]

Multiplay service revenue in South Korea is expected to grow at a compound annual growth rate (CAGR) of 2.4 per cent from $6.9 billion (€6.8bn) in 2021 to $7.7 billion in 2026, driven by the steady rise in the number of multiplay households and growth in the average monthly multiplay household spending, according to GlobalData, […]

The mobile data service revenues will grow at a 7.1 per cent CAGR over 2020-2025 driven by the projected rise in the adoption of 5G services, which yield higher average revenue per user (ARPU), according to GlobalData, a data and analytics company. An analysis of GlobalData’s South Korea Mobile Communication Forecast Model reveals that total […]