South Korea Telecom Industry Overview
The South Korean telecom market is moderately fragmented in nature. Some major players in the market studied include SK Telecom Co. Ltd, LG Uplus Corp., StarHub Limited, Korea Telecommunications Authority, Samsung Electronics Co. Ltd., and DASAN Network Solutions Inc. The market also hosts other internet service providers (ISPs), MVNOs, and fixed-line service providers. Some South Korean telecommunication companies are competitive internationally and hold firm ground in the global telecom space.
- In January 2022, SK Telecom, SK Square, and SK Hynix announced the "SK ICT Alliance" to jointly develop and engage in ICT convergence technologies and open international market potential. The partnership is announced as SK Hynix marks its tenth anniversary as a member of the SK Group. SK Square successfully separated from SK Telecom, ushering in a new age of synergies across semiconductors, telephony, and investment.
- In June 2022, Samsung Electronics and NAVER Cloud partnered to launch Korea's first private 5G network. With the aid of Samsung's personal 5G network solutions and NAVER's cloud technologies, the firms would collaborate to create new business models and use cases to extend private 5G networks internationally. This move is expected to promote the establishment of secure and devoted networks for businesses.
South Korea Telecom Market Leaders
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SK Telecom Co., Ltd
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LG Uplus Corp.
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Korea Telecommunications Authority
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Samsung Electronics Co., Ltd.
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DASAN Network Solutions, Inc.
- *Disclaimer: Major Players sorted in no particular order
