Three Korean Carriers Team With Huawei For 5G Development

Huawei’s product and solution CTO Li Sanqi revealed that the company has reached a close cooperation with three major South Korean telecom companies, SK Telecom, KT, and LG Uplus, for the research and development of fifth-generation network services. During the closing ceremony of Startup Nations Summit 2014 held in Seoul, Li said that Huawei will work together with telecom service suppliers to develop a stable 5G network.

http://www.chinatechnews.com/2014/12/05/21224-three-korean-carriers-team-with-huawei-for-5g-development

Hon Hai Makes Korean Inroads With SK Group Purchase

Hon Hai Group has purchased 2.45 million shares of SK C&C, a subsidiary of South Korea’s SK Group, representing a shareholding of 4.9%. Hon Hai published a report, stating that as a long-term investment, its subsidiary Best Leap Enterprises Limited acquired 2.45 million shares of SK C&C, with the price of KRW155,500 per share. The total trading value was KRW380.975 billion, which was about CNY2.34 billion.

http://www.chinatechnews.com/2014/07/03/20684-hon-hai-makes-korean-inroads-with-sk-group-purchase#more-20684