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KT Corporation, formerly known as Korea Telecom, is a premier telecommunications company based in South Korea. As the second-largest wireless carrier in the region, KT Corporation plays a crucial role in the country's telecommunications landscape. It boasts approximately 25 million subscribers, making it a key player in the wireless market. Additionally, KT is the largest operator in the fixed-line telecom sector, with around 9 million fixed-line broadband customers and 9.4 million IPTV customers.
Established from a previously government-owned monopoly, KT Corporation was publicly listed in 1998. The company's history reflects significant milestones, including the launch of its mobile operator in 1997 following the sale of its earlier mobile business in 1994, which led to the formation of its competitor, SK Telecom.
KT's business operations are diverse, extending beyond traditional telecommunications into non-telecom sectors like real estate, payment processing, artificial intelligence, and IDC/cloud services. These areas are pivotal to KT's growth strategy, which aims to leverage technological advancements and expand its portfolio of services.
Among its most recent accomplishments, KT Corporation has filed its Form 20-F Annual Report for the year ending December 31, 2023, detailing audited financial statements and strategic business insights. This filing is accessible on KT's English website and the U.S. Securities and Exchange Commission's Edgar database.
KT's subsidiary, Epsilon Telecommunications, has received significant recognition, being awarded the 2023 Global Company of the Year Award by Frost & Sullivan for its outstanding contributions to the data center connectivity industry. Epsilon's Network as a Service (NaaS) platform, Infiny, provides innovative solutions for seamless global connectivity, offering robust services to enterprises and network operators.
KT Corporation's continuous efforts in digital transformation and innovation are evident through its commitment to providing cutting-edge services in mobile, broadband, IPTV, B2B communications, and various digital transformation services such as IDC, Cloud, and AI. It also maintains a balanced portfolio of subsidiaries in media/content, financial services, real estate development, and commerce industries.
KT Corp., South Korea's largest integrated telecom and digital platform service provider, filed its Form 20-F Annual Report on April 30, 2024, for the year ended December 31, 2023. Shareholders can access the report on the company's website or SEC's Edgar database. KT Corp. offers various services like mobile, Broadband, IPTV, B2B communications, and fixed-line telephony. The company holds leading market positions in Broadband, media services, and fixed-line telephony and provides digital transformation services and subsidiaries in various industries.
KT SAT participated in Euroconsult WSBW 2022, unveiling its Multi-Orbit Satellite Business Strategy. The strategy aims to enhance customer satisfaction by leveraging diverse satellite systems, addressing the growing demand for data through the acquisition of new HTS satellite systems. As part of this strategy, KT SAT has established a strategic alliance with Hyundai Motor Group to boost its mobility business. Additionally, the company is preparing for the launch of KOREASAT6A in 2025 to meet data communication demands in the Asia Pacific region.
KT SAT, South Korea's sole satellite service provider with self-owned satellites, participated in Communic Asia 2022 in Singapore from June 1-3. The event drew numerous satellite industry companies as global COVID-19 conditions improved. KT SAT showcased its competitive services such as Maritime connectivity and newly launched Space data services, expected to grow to $16.7 billion by 2026. The company discussed partnerships with Maxar Technologies and highlighted its teleport services and innovations in satellite technologies. KT SAT's efforts aim to enhance service competitiveness and customer satisfaction.
On May 6, 2022, KT Corporation (NYSE: KT) announced the filing of its Form 20-F Annual Report with the SEC for the fiscal year ending December 31, 2021. The report is accessible on KT's English website and the SEC's Edgar database. KT Corporation, South Korea's largest integrated telecom provider, leads the market in mobile, broadband, IPTV, and B2B communications. Shareholders can request a hard copy of the report, which includes audited financial statements, by contacting the Company's IR department.
KT SAT completed the design of its LEO constellation and submitted ITU filings, aiming to enter the LEO satellite business. The CEO, Kyungmin David Song, proposed an alliance among regional operators to enhance competitiveness against global giants like SpaceX and Amazon during the World Satellite Business Week 2021 in Paris. KT SAT highlighted its Hybrid solution, developed in-house, which offers stable network connectivity across various satellite and terrestrial networks. This solution plays a crucial role as multi-orbit satellites become more prevalent in the industry.
KT Corporation and NeuroSigma have signed a memorandum of understanding to develop and commercialize electronic therapies for neurological disorders, including ADHD and depression. The partnership will leverage KT's digital healthcare platform to enhance the design and functionality of NeuroSigma's Monarch eTNS System, a non-invasive treatment approved by the FDA for pediatric ADHD. Plans include additional trials and potential strategic investment by KT in NeuroSigma, as KT aims to expand its digital therapeutics market presence in Korea and beyond.
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