KT Corporation
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| Public | |
| Traded as |
KRX: : KT : |
| Industry | Telecommunications |
| Founded | September 28, 1885 (as Korea Telegrams Hansung Administration) Hansung, Joseon Dynasty (now Seoul, South Korea) December 10, 1981 (as Korean Telecommunications Authority, KTA) Seongnam, South Korea |
| Headquarters | Seongnam, South Korea |
|
Key people
|
Chang-Gyu Hwang (CEO) |
| Products |
Fixed line Mobile Telephony Internet Services Digital Television Credit card Entertainment Education Real estate Infrastructure Sports Software |
| Revenue | KRW 20,166,817 million (2012) |
|
Number of employees
|
32,186 (December 2012) |
| Subsidiaries |
KTDS KTH KTP KTN KT Submarine KT Telecop KT Capital KT Rental KTM&S KT Music Nasmedia KT CS KT IS KT SkyLife KT Wibro Infra |
| Website | www |
| KT Sports | ||
|---|---|---|
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| Baseball | Basketball | eSports |
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| Shooting | Field Hockey | Sports |
KT Corporation (Hangul: 케이티 주식회사), formerly Korea Telecom, is South Korea's largest telephone company.
The formerly state-owned firm is South Korea's first telephone company and as such it dominates the local landline and broadband Internet market, serving about 90 percent of the country's fixed-line subscribers and 45 percent of high-speed Internet users. After selling its wireless affiliate Korea Mobile Telecom in 1994, KT returned to the wireless market with the creation of PCS carrier KTF in 1996.
The company's 2009 merger with KTF, its wireless subsidiary, made it the country's ninth largest chaebol (conglomerate) with nearly 24 trillion won ($20 billion) in assets.
In January 2011, KT launched unified brand "Olleh" for both fixed-line and cellular broadband services.
In late 2015 former KT president Suk-Jae Lee was charged of breach of trust and embezzlement, allegations which he denies.
Originally founded in 1981 as a public utility, KT actively led Korea's transition to the information era and played a key role in transforming Korea into a major information technology hub. As a state-owned firm, KT had the clout to influence changes to itself and Korean telecommunications industry as a whole; selling its wireless affiliate in 1994, founding another in 1996 and becoming, along with Dacom, one of Korea's earliest ISPs. In 2001 KT acquired struggling broadband provider Thrunet, then the largest broadband company in Korea, which paved the way for KT to dominate the broadband market. In 2009, KT merged with its wireless subsidiary KTF, paving the way to the integration of landline and cellular services. Ever since KT introduced the Apple iPhone to South Korea, it has been constantly seeking new business area, such as media, e-commerce, and global business partnerships. The company has a well-distributed shareholder structure under which the National Pension Service (NPS) is the largest shareholder (6.81% as of December 31, 2012), but NPS holds no managerial rights over the company. Under the current shareholder structure, no controlling shareholder exists.
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Wikipedia