SEOUL, Feb. 7 (Korea Bizwire) — KT Corp., South Korea’s largest broadband service provider, said Thursday it will expand its overseas network capacity to deal with a sharp rise in traffic caused by U.S. video streaming giant Netflix. KT joined its local peers in increasing its network capacity abroad to counter a growing number of [...]
SEOUL, Jan. 16 (Korea Bizwire) — SK Engineering and Construction Co. has recently received a series of construction orders only a month after signing a contract with Bloom Energy to supply fuel cell facilities in South Korea. SK E&C announced on Tuesday that it had signed contracts with KT Corp. and Korea Midland Power Co. [...]
SEOUL, Jan. 16 (Korea Bizwire) — KT Corp., South Korea’s biggest Internet service provider, on Wednesday highlighted its capability to deliver fifth-generation (5G) mobile network service with a specially rigged bus in central Seoul. The 10-seater bus allows passengers to experience next-generation technologies, such as virtual reality (VR) and augmented reality (AR), through the 5G [...]
SEOUL, Jan. 14 (Korea Bizwire) — KT Corp. and Kakao Corp. are set to begin work to raise their stakes in their own Internet-only banks — K-Bank and Kakao Bank — as a law that eases the ownership rule for web-only banks will go into effect later this week, but their plans to raise stakes [...]
SEOUL, Dec. 26 (Korea Bizwire) — The world’s very first 5G robot cafe has opened in Seoul. KT Corp. announced on Tuesday that it has introduced 5G service at Beat Coffee, an unmanned cafe owned by Dal.komm Coffee, a South Korean coffee franchise, where a barista robot takes orders and prepares beverages. KT implemented a [...]
ULSAN, Nov. 15 (Korea Bizwire) — The city of Ulsan and KT Corp. signed a memorandum of understanding on Wednesday to adopt a mobile currency for the city. The two parties agreed to carry out preparatory projects to adopt the local currency, conduct joint studies and research projects, exchange information, and discover innovative ideas that [...]
SEOUL, Sept. 18 (Korea Bizwire) — With 5G telecommunications technology to be implemented starting next year, telecom operators are looking far and wide for “killer” content to be featured on their platforms in a bid to entice consumers to make the switch to 5G service. The most viable content options thus far are gaming and [...]
SEOUL, Sept. 17 (Korea Bizwire) — KT Corp., South Korea’s leading wireless and fixed-line services provider, said Monday its mobile shopping service using augmented reality (AR) technology placed first among dozens of global innovative services rated by a market consulting firm. The company’s AR Market, which allows users to look at AR videos of products [...]
LOS ANGELES, Sept. 12 (Korea Bizwire) --KT Corp., South Korea’s leading wireless and fixed-line services provider, will launch a virtual reality service on Internet protocol television by the end of the year, its CEO said Wednesday, in a move to boost its presence in the growing business. Hwang Chang-gyu made the announcement in a meeting [...]
SEOUL, Sept. 5 (Korea Bizwire) — Hundreds of virtual reality companies from both home and abroad gathered in Seoul on Wednesday to showcase the latest VR technologies that can impact ordinary lives now and in the future. The Korea VR Festival 2018, hosted by the Ministry of Science and ICT, kicked off for a five-day [...]