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 [...]
SEOUL, July 6 (Korea Bizwire) — KT Corp., South Korea’s No. 2 mobile carrier, said Wednesday it has invested 30 billion won (US$23 million) in Rebellions Inc., a local artificial intelligence (AI) chip startup, to participate in the fast growing field of AI chips. The deal signed Monday marks KT’s second strategic investment in the [...]
SEOUL, June 16 (Korea Bizwire) — A Seoul court on Thursday ruled against more than 1,000 employees of KT Corp. seeking reimbursement for what they claimed were wages lost due to the peak wage system. A total of 1,312 incumbent and former KT employees launched two separate suits, in 2019 and 2020, demanding the compensation [...]
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 [...]
SEOUL, April 21 (Korea Bizwire) — KT Corp., a major South Korean telecom operator, said Wednesday it was collaborating with the Seungil Hope Foundation to virtually recover the voices of eight Lou Gehrig’s disease patients and store them in a mobile app, “MaumTalk,” developed for the patients free of charge. Seungil Hope Foundation is a [...]
SEOUL, April 7 (Korea Bizwire) — KT Corp., a major South Korean telecom operator, said Thursday that it plans to invest 500 billion won (US$410 million) over the next years to expand its lineup of intellectual property in media content. As part of an ambitious goal to become the country’s leading media group, KT said [...]
SEOUL, March 3 (Korea Bizwire) — KT Corp., a South Korean major wireless carrier, said Thursday it has signed a pact with a leading Turkish telecom operator for cooperation in 5G and artificial intelligence services. At the Mobile World Congress (MWC) 2022 in Barcelona, the South Korean operator signed a memorandum of understanding with Turk [...]
SEOUL, Feb. 17 (Korea Bizwire) — KT Corp., a major South Korean telecom operator, has formalized the spin-off of its cloud services business, and its plan as an exemplary case that would contribute to improving its overall corporate value, analysts said Wednesday. The mobile carrier said Tuesday it will establish a new entity KT Cloud [...]
SEOUL, Feb. 10 (Korea Bizwire) — South Korean telecom giant KT Corp. said Thursday it rolled out a new service that allows customers to enjoy Amazon’s voice assistant on its artificial intelligence speakers to better meet demand for English education. KT said it has joined hands with U.S. retail giant Amazon.com Inc. to launch the [...]
SEOUL, Feb. 9 (Korea Bizwire) — KT Corp., a major South Korean telecom operator, said Wednesday its fourth-quarter net profit grew by more than tenfold from a year earlier on solid growth in 5G users and new businesses, including artificial intelligence. Net income reached 424.4 billion won (US$355 million) in the October-December period on a [...]