SEOUL, Nov. 6 (Korea Bizwire) — KT Corp., a major South Korean telecom operator, said Friday its net income rose 7.9 percent in the third quarter from a year earlier due to cost reduction. Net income reached 230.1 billion won (US$204 million) in the July-September period on a consolidated basis, compared with a profit of [...]
SEOUL, Nov. 4 (Korea Bizwire) — KT Corp., a South Korean telecom giant, announced on Tuesday that it will start a pilot project for a self-driving disinfection robot service at KidZania Seoul, a theme park where children role-play in a variety of jobs, during the period from Nov. 26-Dec. 4. The service will be offered [...]
SEOUL, Nov. 3 (Korea Bizwire) — KT Corp., a South Korean telecom giant, said Tuesday it developed a core network technology that supports both standalone and non-standalone versions of 5G. South Korean 5G users are currently limited to the non-standalone version of the latest generation network, requiring support from the 4G LTE network. KT’s new [...]
SEOUL, Oct. 28 (Korea Bizwire) — KT Corp., a South Korean telecom giant, unveiled Wednesday its new brand KT Enterprise as part of its efforts to expand its artificial intelligence (AI), big data and cloud services for corporate clients. The wireless carrier said it will pursue developing new digital services under the new brand in [...]
SEOUL, Oct. 22 (Korea Bizwire) — South Korean steelmaker POSCO has joined hands with KT Corp., a major telecommunications firm, to promote smart green cities. The two companies, together with Mystech Co., a local company that specializes in the production of street facilities such as street lamps, signed a business cooperation agreement on Wednesday. Under [...]
SEOUL, Oct. 13 (Korea Bizwire) — Storywiz Co., a webcomic unit of South Korean telecom giant KT Corp., said Tuesday it will spend 10 billion won (US$8.7 million) on content creation, heating up competition in the growing local web fiction market. Storywiz, established in February this year after KT spun off its web fiction business, [...]
SEOUL, Sept. 17 (Korea Bizwire) — KT Corp., a major South Korean mobile carrier, said Thursday it has signed an agreement with Kakao Corp.’s telecom unit Stage Five to develop an artificial intelligence-powered companion robot targeting children and the elderly. Under the agreement, also signed by Taiwan-based Nuwa Robotics Corp. and the nongovernmental organization Ashoka [...]
SEOUL, Sept. 16 (Korea Bizwire) — KT Corp., a major South Korean telecom operator, said Wednesday it will build 5G test facilities nationwide as part of the government’s initiative to support companies developing new services on the high speed network. The 28.5 billion-won (US$24.2 million) project is expected to be completed by 2023 and targets [...]
SUNNYVALE, Calif., Sept. 8 (Korea Bizwire) — Infinera (NASDAQ: INFN) announced today that KT Corporation (KT), South Korea’s largest telecommunications company and formerly Korea Telecom, deployed the Infinera 7300 Series Multi-haul Transport Platform in its national backbone network to support a nationwide rollout of 5G services. KT selected the 7300 platform to provide a scalable [...]
SEOUL, Aug. 21 (Korea Bizwire) — KT Corp., a major South Korean telecom operator, said Thursday that subscription to its mobile services will be possible using a PASS Mobile Driver’s License instead of a physical ID card. The PASS Mobile Driver’s License is an app-based service that enables users to register their driver’s license in [...]