KT Corporation
 |
 |
 | Parts of this article (those related to article) need to be updated. (August 2009) |
| File:KT logo.jpg | |
| Company type | Private |
|---|---|
| Founded | 1981 (privatized since 2002) |
| Headquarters |  Seongnam, South Korea |
| Products | Fixed telephone Mobile telephone Broadband, Internet services IT/Network services |
Number of employees | 35,561 (2008) |
| Website | www.kt.com |
KT (formerly Korea Telecom, Korean: 한국통신, NYSE: KTC) is a prominent South Korean integrated wired/wireless telecommunication service provider. KT has an information & communications business, and has the largest portion of the South Korean local telephone and high-speed Internet business. Among its products is the wireless broadband service WiBro. KT successfully merged with KTF, a mobile telecommunications company in mid-2009.
Businesses
Global Businesses
KT is a prominent worldwide broadband operator.
Domestic Businesses
KT offers a range of products and services for domestic customers, including telephone service, broadband Internet service, internet access, LM service, wireless service and data service.
Merger with KTF
In mid-2009, KT and KTF merged to form one company under the KT brand. KTF, now KT, is a South Korean mobile telecommunications firm with extensive overseas operations. The company, before the merger with KT, had 12 million subscribers in South Korea. Today that figure is 13.7m subs. The company is credited with developing customised ring back tones.
In 2003, KTF received an order from PT Mobile-8 Telecom of Indonesia for a comprehensive consulting service. KTF also signed a contract for the export of its CDMA network management system and invested US$10 million in the Indonesian mobile provider.
In India, the firm completed the first stage of its contract with Reliance for US$2.65 million worth of the CDMA network construction.
KTF, now KT, also holds a 25% stake in CEC Mobile of China, after investing a sum of 4.5 billion won in 2002. The two major shareholders of KTF are KT (52.99%) and NTT DoCoMo (10.03%). KTF, now KT, sponsors a professional StarCraft team.
CSR Reports
The 2008 CSR Report is available online.
KT History
On August 20, 1885, The Hansung Telegraphy Ministry was established as the first Telecom Authority in Korea, and on December 10, 1981, Korea Telecom Authority was founded.
- 1982—1991: Starting PC communication service, HiTEL
- January 1, 1983: First installation of Korean-made DDD-type public telephones
- August 1, 1983: International Subscriber Dialing (ISD) service started
- April 25, 1984: TDX-1, fully digitized telephone switching system, developed
- July 25, 1984: Packet-exchange air data network opened
- October 29, 1984: Kwanghwamun Telecommunication Center, the previous headquarters of KT, completed
- September 28, 1985: Centennial of telecommunications celebrated
- March 1, 1986: Tone & display mode paging service commenced
- March 14, 1986: TDX-1 put into operation
- September 30, 1987: Telephone switching capacity exceeded 10 million lines
- July 10, 1990: Submarine optical cable system completed
- September 9, 1991: HiTEL service, Korea’s leading PC communication service, started
- December 3, 1991: Competition introduced in the 001 (international call) market
- 1992—1997: Launched Koreasat 1, Korea’s first satellite
- September 25, 1992: Trial domestic satellite service started
- December 29, 1993: ISDN commercial service commenced
- March 10, 1994: Fire in underground communications cable tunnel
- June 20, 1994: Commercial Internet service, KORNET, introduced
- August 5, 1995: Koreasat 1, Korea’s first satellite, launched
- January 1, 1996: Competition introduced in the long distance call market
- January 14, 1996: Koreasat 2 launched
- May 7, 1997: Telephone subscriptions exceeded 20 million
- October 1, 1997: KT become a joint share company
- November 6, 1997: Telephone lines connected to TDX system exceed 10 million
- December 9, 1997: KT elected Lee Kye-Cheol as a president, keeping with the private company system
- 1998—2001: Listing KT shares on the Korea Stock Exchange
- September 11, 1998: The headquarters of KT was moved from Kwanghwamun to Bundang
- December 23, 1998: KT shares listed on the Korea Stock Exchange
- May 26, 1999: KT depository receipts (DR) listed on foreign stock exchanges
- June 1, 1999: Commercialization of High-speed Internet, ADSL
- September 5, 1999: Successful launching of the Moogoonghwa 3 satellite
- October 27, 1999: Proclamation of the vision for the New Millennium; Leader of the Cyberworld
- May 16, 2000: Launch of Asia’s Largest Korea Telecom-Internet Data Center(KT-IDC)
- June 15, 2000: Completion of contract to acquire Hansol M.com
- July 2, 2000: Integration of regional codes for inter-city calls
- August 14, 2000: Successfully connecting the first-ever optical communications network between South and North Korea (Seoul-Panmunjum-Pyeongyang)
- October 25, 2000: Designation as official partner for information telecommunications area of the 2002 World Cup
- December 15, 2000: Winning a licese for IMT-2000
- December 19, 2000: Acquisition of a license for satellite television broadcasting services (Korea Digital Satellite Broadcasting)
- May 2, 2001: The birth of Korea’s mobile communications company KTF
- June 29, 2001: The second issuance of overseas depository receipts
- December 11, 2001: Change of company name and declaration of new CI
- December 22, 2001: Strategic Partnership Agreement with Microsoft, USA
- 2002—2007: Declaring KT as a fully privatized company
- May 31, 2002: Successful telecommunications support for “2002 FIFA World Cup Korea/Japan”
- August 20, 2002: KT declared a fully privatized company
- April 3, 2003: Introduction of Quality Innovation Program, ‘Six Sigma’
- May 6, 2003: KT selected as top company in corporate governance excellence for Asia
- June 4, 2003: Smart Card “1’ts” Service Launched
- September 1, 2003: KT opens the first ADSL in Vietnam
- October 17, 2003: KT decides to destroy 6 million shares of its own stock
- November 10, 2004: launched Ann, KT’s new fixed line phone service with a variety of value-added features including SMS
- January 10, 2005: KT launches the World’s First WDM-PON-based FTTH service
- January 20, 2005: KT leading the mobile Internet market
- March 13, 2005: Successful Testing Korea’s first wireless network IPv6
- March 29, 2005: Ranked top in the NCSI (National Customer Satisfaction Index) in all Areas of Fixed Communication
- June 23, 2005: The best company in corporate governance for Four Consecutive Years
- October 6, 2005: A new corporate Slogan for Wonder Management: “Life is Wonderful”
- December 20, 2005: Modernization of Bangladeshi Communication Network
- December 28, 2005: Opening of the North-South Korea Communication Center in Gaeseong Industrial Complex and Gaeseng Branch
- April 11, 2006: KT ranked top in the NCSI in Four Areas
KT Products
- KT QOOK Internet(Broadband Service including FTTH)
- KT QOOK TV (IPTV)
- KT QOOK Internetphone
- KT Show WIBRO(Mobile Wimax)
- KT NESPOT (WiFi)
- KT Telephone card
- KT Local/Outskirt Telephone
- KT Overseas Telephone 001
- KT Ringo
- KT Bizmeka (Solution Service)
KT Subsidiaries
- KTF: PCS business, founded January 3, 1997 and merged into KT in May 31st, 2009
- KT Hitel: Data communication, founded December 9, 1991
- KT Submarine: Submarine cable Construction and maintenance, founded December 30, 1985
- KT Powertel: Trunk radio system business, founded August 1, 1988
- KT Networks: Group telephone managemet, founded April 17, 1995
- KT Linkus: Public telephone maintenance, founded May 21, 1986
- KT Commerce: 2C,B2C service, founded May 23, 2002
- KT Tech: PCS handset development, founded October 20, 2001
- KT mhows: Mobile marketing, founded October 12, 2001
- KT Rentel: Rental service, founded November 21, 2004
- KT Capital: Financing service
- Sidus FNH: Movie production and delivery
- KT Telecop: Security service
See also
References
- History: http://www.kt.co.kr/eng/main.jsp Template:En icon
- General information: 2008 CSR Report
