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 [...]
SEOUL, Jan. 18 (Korea Bizwire) — KT Corp., South Korea’s major telecom operator, said Tuesday it has partnered with an affiliate of Russian tech giant Yandex to jointly develop delivery robots. KT and Yandex Self-Driving Group inked an agreement in Moscow to develop and roll out an autonomous delivery robot within this year and to [...]
SEOUL, Jan. 17 (Korea Bizwire) — KT Corp., South Korea’s major telecom operator, said Monday it has partnered with major South Korean lender Shinhan Bank to collaborate in new businesses, including artificial intelligence and platform services. KT said it will also acquire a 2.1 percent stake in Shinhan Bank for 437.5 billion won (US$366.9 million) [...]
SEOUL, Dec. 22 (Korea Bizwire) — KT Corp., a major mobile carrier, said Tuesday that it had developed a so-called ‘Smart Green’ service to manage the cultivation of grass at golf courses. The two parties supplied the service to the Jungwon Golf Club in Chungju, North Chungcheong province. ‘Smart Green’ refers to a grass cultivation [...]
SEOUL, Nov. 9 (Korea Bizwire) — KT Corp., a South Korean telecom giant, said Tuesday its third-quarter net income rose 46.9 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 July-September period stood at 337.7 billion won (US$286.7 [...]
SEOUL, Oct. 29 (Korea Bizwire) — The Ministry of Science and ICT on Friday said it will come up with measures restricting the concurrent update of routers to prevent recurrence of a network outage that crippled the country earlier this week. On Monday, wired and wireless network services provided by KT Corp., a major South [...]
SEOUL, Oct. 25 (Korea Bizwire) — A large number of public and private institutions, businesses and individuals suffered considerable inconvenience from an hour-long internet blackout caused Monday by a massive hacking attack on KT Corp., a major South Korean telecom operator. The abrupt disruption of KT’s wired and wireless internet services occurred around 11 a.m. [...]
SEOUL, Oct. 25 (Korea Bizwire) — KT Corp., a major South Korean telecom operator, apologized Monday for the inconvenience caused by disruptions of its services that affected customers across the country. KT’s services, including the internet, payment and phone call services, were disrupted beginning at around 11 a.m. KT appeared to have recovered most of [...]
SEOUL, Oct. 6 (Korea Bizwire) — Hanwha Techwin Co., a leading surveillance tech firm in South Korea, said Wednesday it will join forces with Azena, an Internet of Things company, and the country’s telecommunications giant KT Corp. for artificial intelligence (AI)-powered video solutions. Under the partnership, Hanwha Techwin said its CCTV users will be able [...]
SEOUL, Sept. 17 (Korea Bizwire) — KT Corp., a South Korean telecom giant, said Friday it will purchase 175 billion won (US$150 million) worth of stocks in its media unit KT Studio Genie as part of efforts to bolster its growing entertainment business. The telecom operator said it will purchase 8.75 million shares in the [...]