SEOUL, Sept. 11 (Korea Bizwire) — KT Corp., a major telecom operator in South Korea, said Monday it has reached a deal with a Singaporean postal service firm to join hands in developing a new business model for digital logistics. Under the memorandum of understanding, KT and Singapore Post, or SingPost, will pilot a digital [...]
SEOUL, Sept. 7 (Korea Bizwire) — KT Corp.’s new chief said Thursday that he will do his best to build up the leading telecom operator’s future growth potential and energy by integrating information technology with its conventional telecommunications business in the future. Kim Young-shub, former CEO of IT service provider LG CNS Co., was appointed [...]
SEOUL, Aug. 30 (Korea Bizwire) — KT Corp., a major telecom operator in South Korea, on Wednesday appointed its new chief executive, ending months of leadership vacuum. The company said its shareholders approved the appointment of Kim Young-shub, former CEO of IT service provider LG CNS Co., as its new leader. Earlier this month, KT’s [...]
SEOUL, Aug. 25 (Korea Bizwire) — KT Corp., a major telecom operator in South Korea, on Thursday unveiled a cloud streaming-based 3D experiential showroom. Utilizing the Unreal Engine 5 real-time 3D creation tool as its foundation, the showroom establishes a virtual space mirroring reality by integrating diverse clothing information such as fabric and color. Avatars [...]
SEOUL, Aug. 7 (Korea Bizwire) — KT Corp., South Korea’s No. 2 wireless carrier, said Monday its second-quarter net income jumped 19 percent from a year earlier thanks to robust sales in business-to-business operations. KT’s net profit reached 432.5 billion won (US$331.8 million) in the three months through June on a consolidated basis, up from [...]
SEOUL, Aug. 5 (Korea Bizwire) — KT Corp., a major telecom operator in South Korea, said Friday it has nominated a new chief executive after months of leadership vacuum. The telecom giant’s board of directors nominated Kim Young-shub, former CEO of IT service provider LG CNS Co., as its new leader, KT said in a [...]
SEOUL, July 6 (Korea Bizwire) — Employees of KT Corp., South Korea’s No. 2 wireless carrier, have lost a lawsuit against their employer, claiming that their salaries were reduced due to the company’s peak wage system. The suit, filed by some 1,300 KT employees seeking the cancellation of the peak wage system, had its original [...]
SEOUL, June 23 (Korea Bizwire) — South Korean telecom giant KT Corp. on Thursday announced a new service on at a restaurant in Wanju County, North Joella Province, which combines autonomous artificial intelligence (AI) serving robots with its table order solution called High Order. The restaurant operates 16 serving robots and 90 High Order devices, [...]
SEOUL, May 18 (Korea Bizwire) — KT Corp. said Thursday it will expand its media and content business portfolio to post 5 trillion won (US$3.75 billion) in content sales by 2025 as part of its strategy to transform itself into a digital platform service provider from a telecommunications company. South Korea’s No. 2 wireless carrier [...]
SEOUL, May 11 (Korea Bizwire) — KT Corp., South Korea’s No. 2 wireless carrier, said Thursday its first-quarter net profit declined 32 percent from a year earlier due to a base effect. KT’s net income amounted to 309.6 billion won (US$234.2 million) on a consolidated basis in the first three months of the year, down [...]