In the night, many Korean cars glow with LCD screen-light. Thanks to the local custom of not naming streets, vehicles are often equipped with GPS. Moreover,  seeing a bored car driver trapped in traffic jam watching a movie is  not uncommon in Seoul,  due  to  DMB-carried TV. But a new step to convergence has been done.

[ Third-party equipement : Computer with Wibro ability ]

 Hyundai and Kia issued a joint statement with KT  today announcing the launch of cars equipped natively with WiBro starting from 2012. Long-range and in-motion internet will enable high-quality movies and driver-tailored services such as traffic conditions, weather or emergency informations.

LG Dacom now second.

After 8 years of constant efforts, LG Dacom conquers again the second position in the competitive Korean fixed-line telecommunication market, beating SK Broadband of few inches in the first half of the year. Between January and June, LG Dacom’s sales reached KRW 895.4 billion ($720 million), while SK Broadband recorded KRW 1.2 billion ($ 963, 000) less than LG Dacom.

LG Dacom ‘s strengthening.

In fact, LG Dacom performed excellent in the second quarter: operating profits grew of 50% on a year-to-year basis and sales boomed. SK Broadband faces financial difficulties  and its operating profitability is deteriorating into negative territory. Hardships rise from high-speed broadband and fixed –line telecommunication markets slowdowns. Moreover, LG Dacom intends to absorb LG Powercom (broadband operator), adding consequent annual revenues. LG Dacom may be on the second step of the podium for a while.

Dear Korean Insight readers!

How are you doing? Today, I would like to update what I am doing these days.

I am currently working with two clients for one project. One of them is one of the Korea’s biggest conglomerates and the other is global top manufacturer.

I am helping to draw a long term strategic roadmap for their new business in Korea. The three months project is going well so far (60% of the project). I suppose I will have an opportunity to share with you about this emerging business in the near future.

Prior to that, I was working with one of the government’s body in New Zealand. They wanted to know about Korea’s super-fast broadband. Our research project for investigating the Korea’s innovation from broadband to super-fast broadband was successfully completed and we are now waiting for a next chance beyond the research. In other words, we are seeking an actual business execution by connecting them to Korea’s broadband players. Since then, we began to receive increasing number of queries about Korea’s broadband. To meet such intellectual needs of our global TMT fellows, I updated our company brochure. You can download it by following the link

here.

Of course, I am always open to communicate with you. Good luck~

Yunho Chung