This article has multiple issues. Please help improve it or discuss these issues on the talk page. (Learn how and when to remove these template messages)(Learn how and when to remove this template message)
|Formerly||Korea Telecommunications Authority (1981-2002)|
|Founded||September 28, 1885 (as Korea Telegrams Hansung Administration) |
Hansung, Joseon (now Seoul, South Korea)
December 10, 1981 (as Korean Telecommunications Authority, KTA)
Seongnam, South Korea
|Headquarters||Bundang District, Seongnam, South Korea|
|Hyun-Mo Koo (CEO)|
|Revenue||KRW 24.342 billion (2019)|
|Owner||Government of South Korea through the National Pension Service (12.19%)|
Number of employees
|23,372 (December 2019)|
KT Wibro Infra
The formerly fully-state-owned firm (the government's National Pension Service currently owns 12.19% shares and is the largest shareholder) is South Korea's first telecommunications 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 January 1997.
The company's 2009 merger with KTF, its wireless subsidiary, made it the country's ninth largest chaebol (conglomerate) with nearly ₩24 trillion (equivalent to ₩27.91 trillion or US$24.69 billion in 2017) in assets.
In January 2011, KT launched unified brand "Olleh" for both fixed-line and cellular broadband services.
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.
History and milestonesEdit
- 1981: Company incorporated on December 10 as KTA
- 1984: Tenth in the world to develop the electronic switch TDX-1
- 1987: Nationwide automated long-distance network completed
- 1991: Company renamed Korea Telecom
- 1993: Total of approximately 20 million telephone lines installed (only 4.5 million existed in 1982), laying groundwork for the emerging information society
- 1995: Mugunghwa Satellite No. 1 launched
- 1996: Mugunghwa Satellite No. 2 launched
- 1996: PCS and CT-2 license acquired. KT Freetel (wireless carrier) founded.
- 1997: Status changed from organization which has 50%+ state funding to one with a state funding of smaller scale (below 50%)
- October 1, 1997: The new Public Corporation Business Structure Improvement & Privatization Act applied to KT (no longer exempted owing to the change in company status)
- 1998: Headquarters relocated from Jongno-gu, Seoul, to Bundang-gu, Gyeonggi Province
- December 1998: Newly listed on stock exchange
- 1999: Mugunghwa Satellite No. 3 launched
- June 2000: Managerial rights of Hansol M.com acquired
- December 2000: IMT-2000 license acquired
- April 2001: Caller ID (CID) service launched
- May 2001: Plans for privatization announced. Celebrated 20th anniversary and changed name from Korea Telecom to KT. KT's telephone exchanges restructured into regional branch offices. "Let's" launched as the new company slogan.
- 2002: Privatization of company finalized.
- 2005: According to Fair Trade Commission data, KT as a corporate group that holds 12 subsidiaries and total assets of 29.315 trillion won, ranked 8th among Korea's conglomerates.
- December 28, 2005: Launched inter-Korean telecommunication services and opened KT branch office in North Korea's Gaesung industrial complex
- January 2009: Six days after inauguration as the new Chairman of KT, Suk-Chae Lee announced plans for KT-KTF merger at press conference
- March 2009: Received conditional approval from Korea Communications Commission (KCC) on KT-KTF merger
- April 2009: Debut of Qook, a service bundle brand. “Ann” landline phone, “Megapass” broadband and “Mega TV” IPTV services were renamed “Qook Phone,” “Qook Internet” and “Qook TV,” respectively.
After KT-KTF mergerEdit
This section needs to be updated.February 2020)(
- June 1, 2009: KT and its wireless subsidiary KTF merged to form a new unified KT
- July 2009: Previous company slogan "All New" replaced with "Olleh Management,"and "Olleh KT" officially launched as the new CI
- November 2009: Launch of Qook and Show broadband services.
- November 2009: Became first local carrier to launch Apple's iPhone in Korean market
- December 2009: Launched the first 3W (Wi-Fi, WiBro, WCDMA) smartphone "Show Omnia" in Korean market
- June 2010: Launched "uCloud", a cloud-based storage service
- August 2010: Company's internet services relaunched under the name "Olleh" in alignment with company slogan
- August 31, 2010: KT included as Dow Jones Sustainability World Index company
- September 10, 2010: Launched Apple's iPhone 4 in Korean market and unlimited 3G data plan
- November 11–12, 2010: the official telecommunications service provider for the G20 Seoul summit
- January 25, 2011: Fixed-line "Qook" and cellular "Show" broadband services were unified under the "Olleh" brand. They were renamed "Olleh Home" and "Olleh Mobile," respectively.
- February 10, 2011: Acquired 20.05% of BC Card shares, emerging as the second-largest shareholder.
- January 3, 2012 : KT launched its LTE service.
- September 2012 : kt was awarded the Global Supersector Leader for Telecommunications (number 1 company in terms of sustainable business practices) by Dow Jones Sustainability Indexes for two consecutive years.
- In late 2015 former KT president Suk-Jae Lee was charged of breach of trust and embezzlement, allegations which he denies.
KT's Board of Directors (BOD) consists of three non-independent directors and eight outside directors, totaling eleven directors as of March 2012. The outside directors are nominated by the Outside Director Nomination Committee based on their expertise and business leadership, and hold office for less than three years. The BOD chairman is selected from among the outside directors and serves for a one-year term. The BOD consists of five standing subcommittees and two ad hoc subcommittees. If required, additional sub-committees may be set up. The current internal directors are Chang-Gyu Hwang (Chairman & CEO), Hyeon-myung Pyo and Il-yung Kim, and the external directors are Eung Han Kim (Board Chairman), Chun-Ho Lee, Hyun-nak Lee, Byong-won Bahk, Keuk-je Sung, Sang-Kyun Cha, Do-Kyun Song.
As of 2012 KT customers can receive the services on any of radio frequency band assigned, one or more of radio interfaces.
|850 MHz (819-824, 864-869)||26||10||3.9G||LTE||50 billion won, for 10 years||(planned)|
|900 MHz (905-915, 950-960)||8||2x10||3.9G||LTE|
|1800 MHz (1735-1740, 1745-1755, 1830-1850)||3||35||3.9G||LTE|
|2100 MHz (1960-1980,2150-2170)||1||2x20||3.5G, 3.9G||W-CDMA, LTE||130 billion won, for 15 years|
|2300 MHz (2330-2360)||30||3.9G||WiBro||12.68 billion won, with rural area support,
for 7 years, until Mar 2019
|3500 MHz (??)||100||5G||NR|
|28 GHz (??)||800||5G||NR|
Smartphones and tabletsEdit
KT was the first operator in South Korea to introduce the iPhone, into the Korean market in November 2009. The next generation model sold one million units within four months of its September 2010 launch. KT launched the iPad in November 2010.
As of June 2015, KT owns and operates more than 140,000 Wi-Fi hotspots under the name "KT Olleh WiFi zones."
KT discontinued 2G coverage in January 2012 in the Seoul area, and March 2012 in the rest of South Korea on the 1.8 GHz frequency, whichwill be reassigned for LTE network branded "Olleh LTE" (올레 엘티이)LTE coverage all over South Korea will be accomplished by June 2012. Dual-band LTE on the 900 MHz will be available in Seoul by the end of 2012.
In June 2015 KT announced it has teamed up with Samsung Electronics to combine Wi-Fi and LTE in a gigabit-speed mobile service called GiGA LTE. The new network is estimated to be 15 times faster than the existing LTE and four times faster than the tri-band LTE-A, the fastest wireless network currently available in the Korean market.
KT is the only operator that provides TRS in South Korea, as it merged t-on Telecom in September 2012.
In the first half of 2011, kt launched the "Kibot", a robot specially developed for the education and entertainment of children, which has value-added features, such as more advanced versions of functionalities found on the existing video and Internet phones. In the second half of the year, kt plans to expand beyond voice services by actively pursuing Smart Home services, centering on a rich array of contents.[clarification needed]
On April 27, 2017, KT announced the launch of a 'GiGA Island' in Bangladesh, the result of multilateral partnerships with the Bangladesh government, international organizations, public institutions, and non-governmental organizations (NGOs). KT connected the Moheshkhali Island to the inland areas by installing the wireless network technology ‘GiGA Microwave’ and used copper-based KT's providing giga-level internet solution ‘GiGA Wires’ to circulate network traffic within the island. With the ‘GiGA Microwave’, the island could successfully receive 500Mbit/s internet service, and the ‘GiGA Wire’ enables the island's internet speed at the most 100Mbit/s. This enabled more than 30% of the residents in Moheshkhali to communicate with the world through high-speed internet.
Since 1995, KT has been a major shareholder of Mongolia Telecom. KT dispatched business professionals to Mongolia and operated various training programs. In 2012, KT contracted with the Mongolian government for establishing an Earthquake Disaster Warning System (EDWS).
In 2007, KT signed a contract to build a Mobile WiMAX (or WiBro) network in Rwanda. In 2008, KT signed a deal with the Rwandan government to build the backbone its new telecommunication network. In December 2012, KT conducted a national information security project in Rwanda with Korea Internet & Security Agency (KISA). In March 2013, KT signed a contract with the Rwandan government to establish the joint venture to build a nationwide mobile LTE network.
On March 21, 2013, KT, Daewoo International Corporation, and the Korea Trade-Investment Promotion Agency (KOTRA) signed an $18 million contract to establish high-speed Internet network in Podlaskie, Poland. On October 3, 2013, the KT consortium signed a Public Private partnership (PPP) with the Mazowieckie province for a $130 million broadband project.
On June 14, 2017, KT announced that it had signed an MOU with the city of Boston to participate in the Boston Digital Equity Project, a policy that aims to create a better internet environment across the city center. Under the agreement, KT will provide its GiGA Wire technology, a service that offers speeds of up to 1 gigabit per second using copper wire instead of optical cables, leveraging G.hn technology.
KT sports teamsEdit
Smart grid investmentEdit
KT is currently involved in the Jeju Smart Place test bed project led by Korea's Ministry of Trade, Industry and Energy, which is being pursued for the purpose of testing and developing smart grid business models. The project is being conducted on 6,000 households in Jeju island's Gujwa-eup area, and is scheduled to be conducted over a period of 42 months from May 2009 to May 2013. The aim of the project is to provide an integrated energy management service and achieve the means for efficient energy usage by adopting renewable energy sources and energy storage devices. The project is being executed by the KT Consortium, which is composed of KT and fourteen other companies, including Samsung SDI, Hyosung, Samsung Electronics, and four contractors, with the focus being to conduct demonstration tests on electric power-communication convergence business models.
KT Internet slowdown incidentEdit
On April 17, 2021, it was revealed that the 10-Gigabit Internet plan used by YouTuber It-seop was actually being serviced at 100 Mega. It-seop released the data on the speed test in the video, after which the controversy was published, and KT users repelled it.
On April 19, 2021, KT explained that "the customer's information was incorrectly transferred due to an error in the process of moving the studio recently" and "For this reason, only 100 megabytes would have been provided." Subsequently, KT officially acknowledged and apologized for causing inconvenience to customers at the 6 o'clock meeting.
- "KT Corp. - Financial Highlights". kt.com. Retrieved 2021-01-23.
- Consumer Price index from Statistics Korea. Consumer Price Index by year. Retrieved 3 April 2018
- "KT Releases United Brand 'QOOK'". Newsworld. May 9, 2009.
- "페이지 오류 안내 - 글로벌 No.1 KT". www.kt.com.
- Farivar, Cyrus (2011). The Internet of Elsewhere: The Emergent Effects of a Wired World. Rutgers University Press. pp. 49–50. ISBN 9780813549620.
- "[투자정보] 사업보고서 - :: 사랑 받는 국민기업 - Global ICT Convergence Leader". KT Corp. Retrieved 2013-09-30.
- "KT Corp (KT) Company Profile". Reuters.
- "History". KT Corp.
- Hussain, Tariq (2006). "Diamond Dilemma." Translated by Lee Se-Min, Random House Korea, p. 135. ISBN 89-5986-333-5
- KT, Lee Suk-Chae appointed as...Personnel moves initiated today, Digital Times
- KT Fixed-Mobile Convergence Services QOOK & SHOW Launched, Newsis.
- Components – DJSI WORLD and DJSI WORLD EX US Archived July 19, 2011, at the Wayback Machine
- KT launches unlimited 3G data services following WiFi services Archived 2012-03-28 at the Wayback Machine, Economy Today
- munhwa.com, kt Wonderful, Korea Wonderful
- New Year Plan/2011 Business Strategy (3), KT, Focuses on Convergence and Enhancing Customer Satisfaction
- "KT signs master agreement with Woori and Busan Banks". Moneytoday.co.kr. Retrieved 2013-09-30.
- "KT aims for 4 million LTE subscribers". Koreaherald.com. 2012-01-02. Retrieved 2013-09-30.
- "Sustainability Indexes - Review". Sustainability-indexes.com. Archived from the original on 2013-01-21. Retrieved 2013-09-30.
- 상희, 안 (2015-12-04). "'배임·횡령' 이석채 전 KT 회장, 항소심서 거듭 무죄 주장" [Former KT Chairman Lee Seok-chae claims innocence repeatedly]. chosun.com (in Korean). Retrieved 27 February 2020.
- "[Investor Relations] The Board of Directors - :: Enabling Transformation - Global ICT Convergence Leader". Kt.com. Retrieved 2013-09-30.
- "Korean Mobile frequency as of 27 Sep 2012". slowtime. Archived from the original on 29 October 2012. Retrieved 30 October 2012.
- "KT is not doing good with lte service". Archived from the original on 19 February 2013. Retrieved 30 October 2012.
- Katz, Leslie (November 29, 2009). "iPhone officially lands in South Korea". CNET.
- Elmer-DeWitt, Philip (November 18, 2009). "The iPhone is headed to Seoul". Fortune.
- In-soo Nam (Nov 7, 2010). "KT Corp. to launch iPad in South Korea". MarketWatch.
- Blanchard, Nicole (June 17, 2015). "Samsung, Korea's KT partner for GiGA LTE, combining LTE and Wi-Fi at up to 1.17 Gbps". FierceWirelessTech.[permanent dead link]
- "KT will add LTE 900 by end of 2012 in seoul" (in Korean). Electronic Times Internet. 2012-09-10. Retrieved October 30, 2012.
- Lawson, Stephen (June 16, 2015). "Wi-Fi and LTE join up for gigabit mobile service in Korea". PC World.
- Kim Young-won (June 15, 2015). "KT commercializes world's fastest LTE". Korea Herald. Seoul: Herald Corporation.
- "Asia Broadcast Satellite Acquires Koreasat-3" (Press release). May 24, 2010. Archived from the original on 2017-10-22. Retrieved October 21, 2017.
- "The Korea Herald-mobile". M.koreaherald.com. 2012-12-20. Retrieved 2013-09-30.
- "[kt Business] Global Investment - :: Enabling Transformation - Global ICT Convergence Leader". Kt.com. 2013-09-05. Retrieved 2013-09-30.
- "MK News - KT to export earthquake early warning system to Mongolia". News.mk.co.kr. Retrieved 2013-09-30.
- "Operational Overview - Annual Results 2012 - Financial - Telkom Investor Relations". Secure1.telkom.co.za. Archived from the original on 2013-09-01. Retrieved 2013-09-30.
- "KT Leads Telecom Industrys Globalization". Koreatimes.co.kr. 2007-11-29. Retrieved 2013-09-30.
- "KT wins contract to build Rwanda's backbone network : 네이버 뉴스" (in Korean). News.naver.com. 2008-10-09. Retrieved 2013-09-30.
- Eden Estopace (2013-01-03). "KT to help strengthen Rwanda's IT security". Telecom Asia. Retrieved 2013-09-30.
- "KT to build LTE network in Rwanda". Koreatimes.co.kr. 2013-03-10. Retrieved 2013-09-30.
- "KT Corp and Daewoo International Corp Get KRW 23 Billion Broadband Project in Poland-Dow Jones". Reuters.
- "KT to provide 'GiGA Wire' service in Boston".
- "sports.kt.com". sports.kt.com. 2012-10-30. Archived from the original on 2013-11-04. Retrieved 2013-09-30.
- "수원-KT 프로야구 10구단 최종 승인". kyeonggi.com. 2013-01-17. Retrieved 2013-09-14.
- "kfa.or.kr". kfa.or.kr. Retrieved 2013-09-30.
- Chae, Sae-rom(채새롬) (2021-04-19). ""KT 10기가 인터넷, 실제 속도는 100메가"…논란 가열" ["KT 10 gigabyte Internet, the actual speed is 100 mega"… Controversial heating]. YunHap news.
- Kim, Su-hyun(김수현) (2021-04-19). "'10기가 인터넷 속도 논란' 해명한 KT…"소프트웨어 오류"" ['10 Gigabit Internet Speed Controversy' Explained KT… "Software error"]. Money Today.
|Wikimedia Commons has media related to Korea Telecom.|