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KT Makes Strategic Investment in Vocal Biomarker Tech Startup Sonde Health

KT Makes Strategic Investment in Vocal Biomarker Tech Startup Sonde Health

SEOUL, Nov. 11 (Korea Bizwire) — KT Corp., a major South Korean mobile carrier, said Thursday it will make a US$2 million strategic investment in U.S.-based digital medicine company Sonde Health Inc. Sonde Health has developed vocal biomarker technology that can analyze subtle signs of changes in the voice — the volume, pitch or difference [...]

KT Q3 Net Profit Down 3.4 pct amid Operating Cost Increase

KT Q3 Net Profit Down 3.4 pct amid Operating Cost Increase

SEOUL, Nov. 8 (Korea Bizwire) — KT Corp., South Korea’s No. 2 wireless carrier, said Tuesday its third-quarter net profit fell 3.4 percent from a year earlier due to an increase in operating expenses. KT’s net income amounted to 326.2 billion won (US$235.5 million) on a consolidated basis in the July-September period, compared with 337.7 [...]

KT Partners with Canada’s Vector Institute for AI Research Cooperation

KT Partners with Canada’s Vector Institute for AI Research Cooperation

SEOUL, Sept. 23 (Korea Bizwire) — KT Corp., South Koreas No. 2 wireless carrier, said Friday it has signed a partnership agreement with the Vector Institute, a Canadian nonprofit artificial intelligence (AI) research institution, for joint AI-related research and projects. Under the agreement, KT and the institute will work together in pursuing joint AI research, [...]

Hyundai, KT Swap Shares Worth 750 bln Won to Expand Future Mobility Partnership

Hyundai, KT Swap Shares Worth 750 bln Won to Expand Future Mobility Partnership

SEOUL, Sept. 7 (Korea Bizwire) — Hyundai Motor Group, South Korea’s top automaking group, and telecom giant KT Corp. will strengthen their partnership in future mobility solutions business through share-swap deals amid growing demand for electric and autonomous vehicles, the two companies said Wednesday. Under the share swap deals, KT will exchange its own 7.7 [...]

KT’s Q2 Net Profit Inches Down amid Operating Cost Increase

KT’s Q2 Net Profit Inches Down amid Operating Cost Increase

SEOUL, Aug. 10 (Korea Bizwire) — KT Corp., South Korea’s No. 2 wireless carrier, said Wednesday its second-quarter net edged down on-year amid an increase in operating expenses. KT’s net income amounted to 363.4 billion won (US$277.8 million) on a consolidated basis in the April-June period, down 2 percent from a year earlier, the company [...]

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 [...]