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Telecommunications & Media

South Korea government, 3 telecoms to recycle critical minerals from scrapped network equipment

South Korea\'s government and the country\'s three mobile carriers will cooperate to promote domestic circulation and reuse of rare earths and other critical minerals contained in scrapped telecommunications equipment. The Ministry of Science and ICT and the climate ministry signed an agreement on June 11 with SK Telecom, KT, LG Uplus, KCA and the Korea Environment Corporation. A pilot project will track disposal and distribution flows and support automation, facilities, and guidelines.

Telecommunications & Media

KT to provide priority emergency rescue communications for National Fire Agency devices

KT will provide a priority emergency rescue communications service to help ensure stable disaster response by South Korea\'s National Fire Agency. The service is designed to give firefighters stable communications quality in emergencies when traffic surges, and will apply to corporate-registered phones, tablets and IoT equipment used for public services. KT said about 8,400 work devices, around 60 percent of the agency total, use KT lines and will support the service.

Games & Commerce

OneStore union opposes sale push, citing low valuation and opaque process concerns

OneStore\'s labour union has opposed a reported push by SK Square to sell its OneStore unit, citing concerns about undervaluation and a lack of transparency in the process. Industry sources said SK Square is pursuing a sale valued at about 70 billion won, with Nexthrust, a KOSDAQ-listed company, widely mentioned as a likely buyer. The union demanded clear explanations on the deal structure, valuation basis, negotiation process, neutrality risks and protections for employees and employee shareholders.