CPE provider Technicolor Connected Home has joined forces with LG U+ and HARMAN’s Embedded Audio group to develop and deploy a high-end, multi-service home entertainment platform that supports Dolby Vision and Dolby Atmos delivered through a HARMAN Sound by JBL audio solution for the South Korean market. LG U+, one of Korea’s largest telecommunications providers […]
South Korea’s electronics giant LG Display says it will invest 3.3 Trillion Won (€2.3bn) in new facilities to produce more OLED panels. The investment will start immediately and continue through to March 2024. The news came from LG in a regulatory filing to the Seoul stock exchange. The company said the investment will be used […]
LG Electronics has announced its highest quarterly revenues ever as the company continued to expand its market share for premium home appliances and consumer electronics outside of South Korea. Worldwide consolidated revenues of KRW 17.11 trillion (€12.8bn) rose 48.4 per cent from the second quarter a year ago. Second-quarter 2021 operating profit increased 65.5 per […]
South Korea’s KT-Sat has confirmed an announcement made at the Satellite Asia show that it is now demonstrating a ‘satellite-5G hybrid router’, with Greece being a partner by using data transmissions from Hellas-Sat. KT-Sat says its satellite network is expected to be major solution for mobile backhauling, needing continuity in network connections. KT-Sat has introduced […]
THEMA Asia Pacific, a Canal+ Group company has announced a partnership between LUXE.TV 4K and two TV channels in South Korea, UMAX and Hobby Life. With the acquisition of more than 50 hours of LUXE.TV and LUXE.TV 4K premium programming, UMAX and Hobby Life’s audiences will now be able to enter the world of luxury […]
South Koreans streamed 169 billion minutes of online video in Q2 2021, according to the first of a series of quarterly reports from Media Partners Asia (MPA) measuring the Korean streaming economy. The report, titled South Korea Online Video Consumer Insights & Analytics, leverages MPA’s proprietary AMPD Research Platform to measure and analyse streaming media […]
South Korea is to build and launch more than 100 low Earth orbiting satellites for a national security system and to test and help develop ‘next-generation’ communications. The country’s Ministry of Science and ICT (information & Communication Technology) said it would pursue such satellite development to encourage the private sector’s involvement in the space industry […]
Revenues from pay-TV services market in South Korea are set to grow from $6.4 billion in 2020 to $7.2 billion in 2025, at a compound annual growth rate (CAGR) of 2.5 per cent, mainly supported by the increasing Internet protocol television (IPTV) subscriptions and growing pay-TV average revenue per user (ARPU), according to GlobalData, the […]
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 […]
South Korea, home of electronics giants Samsung and LG, also wants to join the low Earth orbiting satellite club. Hanwha Systems, part of the Hanwha conglomerate (and originally founded as Korea Explosives Co) but now better known as a financial services-to-retail business and very much with Aerospace in its sights, says it wants to develop […]