Welcome to our dedicated page for KT news (Ticker: KT), a resource for investors and traders seeking the latest updates and insights on KT stock.
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 Corporation (NYSE: KT) has filed its Annual Report on Form 20-F for the year ended December 31, 2020, with the SEC. The report is accessible on KT's English website and the SEC's Edgar database. KT Corporation is South Korea's largest integrated telecom provider, offering services in mobile, broadband, IPTV, and B2B communications, boasting strong market shares. The company is also focused on digital transformation services, including IDC and cloud solutions. Shareholders can request a hard copy of the report with audited financial statements by contacting the IR department.
KT Corporation (KRX: 030200; NYSE: KT) has successfully exported its IPTV service to 3BB TV Co. Ltd. in Thailand, marking a significant milestone in its global expansion. The service, powered by KT's olleh TV platform, is expected to enhance 3BB's market competitiveness, potentially making it Thailand's top telecom operator. Despite challenges from the COVID-19 pandemic, the project was completed efficiently through remote collaboration. KT aims to leverage this success to grow its IPTV footprint in Southeast Asia and globally, while continuing to innovate in digital services.
KT Corporation, South Korea's largest telecommunications company, inaugurated its new Internet Data Center (IDC) named 'KT DX IDC Yongsan' on November 4, 2020. This facility can accommodate over 100,000 servers and offers exceptional data processing capabilities. Positioned in Seoul, it aims to spearhead digital transformation by enhancing efficiency through AI and big data technologies. The IDC boasts energy-efficient systems, reducing electricity costs by over 20%, significantly lowering carbon emissions. With advanced infrastructure and security measures, KT is poised to serve global clients more effectively.
KT Corporation (KRX: 030200; NYSE: KT), South Korea's largest telecommunications company, is diversifying into digital health through a new partnership with Sibel Health. This collaboration aims to enhance their capabilities in AI and Big Data for health monitoring solutions, particularly in developing countries. The pilot project will utilize innovative biosensors alongside KT's Global Epidemic Prevention Platform (GEPP), which was developed in 2019. The partnership is expected to unlock new digital health opportunities amid the ongoing COVID-19 pandemic.
KT Corporation is enhancing its media content business through a joint venture with Discovery Networks, launching Studio Discovery. This venture aims to produce original content, with skyTV holding a 30% stake. Two new shows, "STRANGERS IN LOVE" and "RESTAURANT WITHOUT BORDERS," will be available through multiple channels, including skyTV and Discovery Channel Korea. KT's subsidiary Storywiz plans an initial investment of 10 billion won to secure intellectual property rights for new content. This initiative aligns with KT's strategy to become a comprehensive provider of media and connectivity services.
KT SAT Co, a subsidiary of KT Corporation, showcased the world's first satellite-5G hybrid router transmission technology at the SatelliteAsia 2020 expo held online from September 29 to October 1, 2020. This technology, developed in collaboration with the KT Institute of Convergence Technology, aims to enhance satellite connectivity and serve as a communication backup. The company seeks to solidify its role as a global satellite operator and expand its communication satellite business, participating in panels to discuss the satellite data market's future.
KT Corporation, South Korea's largest telecommunications firm, has signed a strategic collaboration agreement with Jasmine Telecom Systems to develop a new internet data center (IDC) business in Thailand. This partnership aims to capitalize on Thailand's growing IDC market, expected to expand at an annual rate of 16% over the next five years. KT plans to enter the Thai IDC market by late 2021, offering high-quality services to global cloud service providers. The collaboration follows KT's earlier $19 million IPTV contract with Jasmine Group, further solidifying their strategic alliance.
KT Corporation, South Korea's largest telecommunications company, has launched an AI robot food server at the Mad for Garlic restaurant in Seoul. This robot features advanced 3D spatial mapping and self-driving technology, designed to enhance dining experiences while minimizing human contact amid COVID-19. With a height of 1.25 meters and capable of carrying four trays, the robot promises improved service efficiency. KT aims to become the world's leading ICT platform provider and continues to innovate in AI robotics, following previous successful deployments of AI-driven services since 2018.
KT Corporation has established a national data center in Uzbekistan to manage electricity services for 8 million utility users, marking its expansion into the Central Asian market. The center, inaugurated on August 20, 2020, will utilize KT's Centralized AMI Energy Platform to improve energy management and billing. It can process real-time data from smart meters, allowing for better monitoring and pricing of electricity. The initiative aims to increase efficiency and has potential future expansions into other Central Asian countries.
FAQ
What is the current stock price of KT (KT)?
What is the market cap of KT (KT)?
What is KT Corporation?
What services does KT Corporation offer?
How many subscribers does KT Corporation have?
When was KT Corporation established?
What are some of KT Corporation's recent achievements?
What is Epsilon Telecommunications?
What strategic areas is KT Corporation focusing on for growth?
Where can I access KT Corporation's financial reports?
How does KT Corporation impact the telecommunications industry?
What is the significance of KT's NaaS platform, Infiny?
