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 [...]
SEOUL, Sept. 9 (Korea Bizwire) — South Korean telecom giant KT Corp. said Thursday it has acquired global data company Epsilon Global Communications Pte. Ltd. to bolster the telecom operator’s data communications infrastructure. KT said in a release it signed a deal Wednesday to acquire the company with Daishin Private Equity under South Korean brokerage [...]
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 [...]