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 [...]
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 [...]