South Korea: Samsung Integrates Blockchain-Based Identity Solution Into Blockchain Keystore | BTCMANAGER 2020/08/24 16:07:05 BTCMANAGER
South Korean multinational conglomerate Samsung has integrated SK Telecom’s blockchain-based mobile identity solution into its Blockchain Keystore. A Major Push for Blockchain Identities in South Korea Yesterday, major South Korean telecom operator SK Telecom announced that it had integrated its distributed ledger technology-powered (DLT) mobile identity solution Pass with the…
Apple Korea Pledges $84 Million to Support Small Businesses and Settle Antitrust Probe 2020/08/24 11:47:33 Mac Rumors
Apple's South Korea business has offered to make a 100 billion won ($84 million) payout to support small businesses and help consumers, according to the country's competition watchdog (via Reuters ). The Korean Fair Trade Commission (KFTC) investigated Apple Korea in 2016 for requiring SK Telecom, KT Corp, and LG Uplus Corp to pay the cost of television advertisements and warranty service for its iPhones. The probe found that Apple holds a clear advantage over local mobile carriers and that handing over the cost of advertisements was another means of squeezing the profits of the carriers. In June of this year, the antitrust regulator decided to allow Apple to map out a set of measures to address its anti-competitive business practices in the country, and Apple has now agreed to fix unfair terms with mobile carriers as part of its proposal. Apple said it will discuss how to share advertising costs with telecoms firms, which will help reduce burdens to carriers, the KFTC said in a briefing.
Nano-x’s Nasdaq IPO adds fuel to SKT’s medical device biz 2020/08/23 04:10:14 The Korea Herald
Nano-x, a medical imaging company in which SK Telecom is the second-biggest shareholder, has made an initial public offering on the US’ Nasdaq, SKT said Sunday. SKT preemptively invested a total of $23 million in Nano-x, first in June 2019 and second in June 2020, securing over 2.6 million shares in the company. As the second-biggest stakeholder to Nano-x after the company’s founders, SKT said it is ac…
Cloud Gaming Market Size Worth $7.24 Billion By 2027 | CAGR: 47.9%: Grand View Research, Inc. 2020/08/17 09:05:00 Benzinga
SAN FRANCISCO , Aug. 17, 2020 /PRNewswire/ -- The global cloud gaming market size is expected to reach USD 7.24 billion by 2027 , according to a new study by Grand View Research, Inc. expanding at a CAGR of 47.9% over the forecast period. Developments in cloud technology have enabled the rapid distribution of cloud gaming models. Cloud gaming enables remote access to interactive games and streaming videos over the internet. It also allows devices to smoothly run various high-quality next-generation games with lower computational power. These factors are anticipated to drive the market growth over the forecast period. Rising investments in 5G technology and access to numerous games on the cloud at affordable prices are also expected to contribute to market growth. Furthermore, market players are observed partnering with telecom companies to deliver cloud gaming services globally. For instance, in January 2020 , Microsoft Corporation partnered with SK Telecom Co., Ltd. to expand the reach of its Project xCloud Preview, a game streaming solution in South Korea .
SK Telecom : Launches ‘MIRI', an Upfront Payment Service for Foreign Customers | MarketScreener 2020/08/10 02:24:01 MarketScreener
SK Telecom today announced the launch of MIRI, an upfront payment service designed to enhance the convenience and benefits of foreign customers. MIRI , as the name… | August 10, 2020