SEOUL, Sept. 7 (Korea Bizwire) — KT Corp., a South Korean telecom giant, announced that it would launch a pilot project for an artificial intelligence (AI)-based smart parking control system in the Russian border town of Vladivostok, aimed at alleviating traffic congestion by improving parking efficiency. As part of the pilot project, KT will be [...]
SEOUL, Sept. 2 (Korea Bizwire) — KT Corp., a major South Korean telecom operator, said Wednesday that fourteen companies were participating in the launch of the ‘E-document Digital Transformation (DX) One Team’ to promote the rollout of e-document services. The mobile carrier will develop a blockchain-based e-document platform by leveraging its existing capability in digital [...]
SEOUL, Aug. 18 (Korea Bizwire) — KT Corp., a major South Korean telecom operator, said Wednesday it has joined hands with the country’s top science university KAIST to develop a hyperscale artificial intelligence (AI) language model. The telecom operator plans to commercialize the model, which uses massive computing infrastructure for natural language processing, in the [...]
SEOUL, Aug. 10 (Korea Bizwire) — KT Corp., a South Korean telecom giant, said Tuesday its second-quarter net income rose 77.4 percent from a year earlier on the back of robust growth of 5G network subscribers as well as its media content businesses. Net income for the April-June period stood at 370.8 billion won (US$322.9 [...]
SEOUL, July 21 (Korea Bizwire) — South Korea’s telecommunications regulator fined telecom giant KT Corp. 500 million won (US$434,000) Wednesday for providing internet services that were slower than what users had paid for. After a joint investigation by the Korea Communications Commission and the Ministry of Science and ICT, KT was found to have erroneously [...]
SEOUL, July 15 (Korea Bizwire) — KT Corp., a South Korean telecom giant, said Thursday it has commercialized standalone 5G, becoming the first mobile carrier in the country to deploy the network technology. Although South Korean carriers first commercialized 5G networks in April 2019, they have been available on non-standalone mode, requiring support from 4G [...]
SEOUL, July 13 (Korea Bizwire) — KT Corp., a South Korean telecom giant, said Tuesday it will make millimeter wave (mmWave) 5G services available at a baseball stadium in a move to step up efforts to commercialize the technology. Although local mobile carriers offer 5G networks on the mid-band spectrum, they have yet to commercialize [...]
SEOUL, July 2 (Korea Bizwire) — KT Corp., a major South Korean telecom operator, said Thursday that it will start providing a big data-based ‘beach congestion traffic light’ service for 264 beaches across the country during the July-August period in collaboration with the Ministry of Oceans and Fisheries. After running the service on a trial [...]
SEOUL, June 30 (Korea Bizwire) — Hyundai Elevator Co., South Korea’s leading elevator maker, has teamed up with telecom giant KT Corp. to promote the digital transformation (DX) of elevators. After signing a memorandum of understanding (MOU) on Tuesday, the two parties announced that they will promote new ventures by integrating elevators with artificial intelligence [...]
SEOUL, June 17 (Korea Bizwire) — KT Corp., a major South Korean telecom operator, said Thursday it will invest a total of 23.6 billion won (US$20.9 million) in three companies under the fintech-focused Webcash Group in a move to strengthen its foothold in financial services. A KT spokesperson said the company will invest 14.4 billion [...]