SEOUL, Aug. 7 (Korea Bizwire) — South Korean telecom giant KT Corp. said Friday its second-quarter net income rose 2.2 percent from the previous year on the back of reduced costs amid the pandemic and growing demand for its non-mobile services. Net income reached 207.6 billion won (US$174.7 million) in the April-June period, compared with [...]
SEOUL, July 31 (Korea Bizwire) — Global streaming giant Netflix Inc. may further boost its presence in South Korea as its subscribers will have more access to the service through its partnership with local telecom operator KT Corp. KT said Friday it will start offering Netflix’s service on its pay TV platform, with KT’s Olleh [...]
SEOUL, July 16 (Korea Bizwire) — South Korean telecom giant KT Corp. said Thursday it has developed guidelines for 5G mobile edge computing (MEC) technology with five global partners. The 5G Future Forum, an alliance of major telecommunications firms on network solutions, has confirmed the specifications and standards of 5G MEC, KT said. The collaborative [...]
SEOUL, July 1 (Korea Bizwire) — KT Corp., South Korea’s No. 2 mobile carrier, said Wednesday it has teamed up with the country’s top industrial robot maker and a major general hospital to develop advanced medical solutions. Under the partnership with Asan Medical Center and Hyundai Robotics Co., KT will develop contactless medical services, such [...]
SEOUL, June 25 (Korea Bizwire) — KT Corp., South Korea’s telecommunications giant, said Thursday it will introduce in-car infotainment services for Renault Samsung Motors Corp. vehicles set to be released this year. The service will provide in-car infotainment, such as weather reports and music or podcast streaming, through an internal communications device installed in new [...]
SEOUL, June 22 (Korea Bizwire) — KT Corp., South Korea’s telecommunications giant, on Monday released a new Wi-Fi service that reaches the corners of homes as telework has increased during the pandemic. The new service, named the GiGA Wi, incorporates two Wi-Fi routers. An extra wireless router allows the Wi-Fi signal to reach remote corners [...]
SEOUL, June 18 (Korea Bizwire) – South Korea’s telecommunications giant KT Corp. said Thursday it plans to launch a new communications satellite in 2024 at the earliest as it aims to provide better 5G services and expand coverage. KT Sat Co., a satellite service arm of KT, announced that it will launch the Mugunghwa-6A to replace [...]
SEOUL, June 17 (Korea Bizwire) — KT Corp., South Korea’s leading telecommunications firm, said Wednesday it has joined hands with the country’s top real estate investor to seek internet data center (IDC) business opportunities in Uzbekistan. Under the partnership with Igis Asset Management Co., KT will provide its know-how and technology solutions in the IDC [...]
SEOUL, June 16 (Korea Bizwire) — KT Corp., a major South Korean telecommunications firm, on Tuesday said it will acquire a 10 percent stake in a robotics unit of shipbuilding giant Hyundai Heavy Industries Group to enhance its competitiveness in smart factory and robot solutions. KT said it will acquire the stake in Hyundai Robotics [...]
SEOUL, June 10 (Korea Bizwire) — A new artificial intelligence (AI) solution will soon be made available to help diabetics monitor their food consumption. KT Corp., South Korea’s leading telecommunication firm, concluded a memorandum of understanding on Tuesday with Huray Positive, a digital healthcare service provider, and Wonju Severance Christian Hospital to develop medical data-based [...]