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KT’s Q1 Net Profit Up 39.5 pct, Led by Growth of Media, Enterprise Services

KT’s Q1 Net Profit Up 39.5 pct, Led by Growth of Media, Enterprise Services

SEOUL, May 12 (Korea Bizwire) — KT Corp., South Korea’s No. 2 telecom operator, said Thursday its first quarter net profit increased 39.5 percent thanks to strong performances across its media, mobile commerce and enterprise products. The company said in a regulatory filing that its net profit for the January-March period stood at 455.4 billion [...]

KT Signs MOU with Turkish Telecom Operator on 5G, AI Services

KT Signs MOU with Turkish Telecom Operator on 5G, AI Services

SEOUL, March 3 (Korea Bizwire) — KT Corp., a South Korean major wireless carrier, said Thursday it has signed a pact with a leading Turkish telecom operator for cooperation in 5G and artificial intelligence services. At the Mobile World Congress (MWC) 2022 in Barcelona, the South Korean operator signed a memorandum of understanding with Turk [...]

KT’s Q4 Net Soars on Robust Growth in 5G Users, New Biz

KT’s Q4 Net Soars on Robust Growth in 5G Users, New Biz

SEOUL, Feb. 9 (Korea Bizwire) — KT Corp., a major South Korean telecom operator, said Wednesday its fourth-quarter net profit grew by more than tenfold from a year earlier on solid growth in 5G users and new businesses, including artificial intelligence. Net income reached 424.4 billion won (US$355 million) in the October-December period on a [...]

KT Partners with Shinhan Bank to Develop AI, Metaverse Services

KT Partners with Shinhan Bank to Develop AI, Metaverse Services

SEOUL, Jan. 17 (Korea Bizwire) — KT Corp., South Korea’s major telecom operator, said Monday it has partnered with major South Korean lender Shinhan Bank to collaborate in new businesses, including artificial intelligence and platform services. KT said it will also acquire a 2.1 percent stake in Shinhan Bank for 437.5 billion won (US$366.9 million) [...]

KT Develops ‘Smart Green’ Service that Uses IoT Sensors to Manage Grass at Golf Courses

KT Develops ‘Smart Green’ Service that Uses IoT Sensors to Manage Grass at Golf Courses

SEOUL, Dec. 22 (Korea Bizwire) — KT Corp., a major mobile carrier, said Tuesday that it had developed a so-called ‘Smart Green’ service to manage the cultivation of grass at golf courses. The two parties supplied the service to the Jungwon Golf Club in Chungju, North Chungcheong province. ‘Smart Green’ refers to a grass cultivation [...]