KT and the Gyeonggi Center for Creative Economy & Innovation (G-CCEI) are supporting Korean start-ups to tap into global markets through KT’s global business networks. Following CommunicAsia 2015, the largest information and communications technology (ICT) exhibition and conference in the Asia-Pacific region being held in Singapore on June 2, KT and the G-CCEI announced on June 12 that it would support three domestic start-ups to participate in Orange Fabs’ International Demo Day held in Paris, France.
KT said Sunday that it has launched a business portal based on its cloud computing system, a move aimed at helping its local business partners save costs and improve efficiency. The “Ucloud Biz Partner Portal” is a platform with its partners for managing systems and checking administrative processes, said company spokeswoman Park Mi-seon. “This system is intended to improve management efficiency. KT will introduce other supportive programs as part of its efforts for balanced growth with partners,” Park said.
The government’s drive to introduce a fourth telecom company here faces challenges amid lukewarm responses from large conglomerates and objections from budget mobile service operators. The Ministry of Science, ICT and Future Planning has pushed ahead with the establishment of the fourth mobile carrier, following SK Telecom, KT and LG Uplus, to accelerate competition in the market and to reduce household telecom expenses in the long run.
The government said Thursday that it will award a license to Korea’s fourth telecom company by the end of the year. The Ministry of Science, ICT and Future Planning said it will provide policy incentives for the introduction of the fourth mobile carrier. The ministry has emphasized the need for an additional telecom operator ― following SK Telecom, KT and LG Uplus ― to bring fairer competition in the market and lessen households’ telecommunications expenses.
KT’s new rate plan is expected to bring a major change to the local telecom industry, from voice calls and texting to data and content services. On Thursday, the nation’s second-largest mobile carrier rolled out new mobile payment plans which include unlimited free calls and text messages. Instead, it offered subscribers more options in data packages.
KT is seeking to collaborate with TeliaSonera, the largest telecommunications company in Scandinavia, in the development of the Internet of Things (IoT) and fifth-generation (5G) technology. TeliaSonera’s top management visited KT’s main office in downtown Seoul and technology centers in Yangjae, southern Seoul. They were briefed on KT’s media services powered by its long-term evolution (LTE) technology.
Alcatel-Lucent agreed with KT to develop next-generation wireless technology focusing on ultra-fast fifth-generation (5G) networks, the Korean unit of the French company said in a statement, Tuesday. Under a memorandum of understanding (MOU), the two will focus on Alcatel-Lucent’s virtualized Radio Access Network (vRAN) technology. “This agreement will allow KT to meet the massive connectivity demands of the Internet of Things (IoT) delivering a personalized experience as more people, devices and machines are connected,” Alcatel-Lucent said.
Korea’s telecom authorities are being increasingly pressurized to allocate the 700-megahertz (MHz) frequency for greater use by local telecom carriers to help them grab the lion’s share in the heated competition for next-generation wireless technologies. Analysts and even government officials have agreed that the 700MHz bandwidth will generate greater economic value when it is used for mobile carriers instead of terrestrial broadcasters, and should be allocated for telecom industry, an expert said.
KT pledged Tuesday to establish a telecom network infrastructure on all of the country’s inhabited islands by 2019. The nation’s largest fixed-line operator said it is cooperating with Incheon Metropolitan City to build an enhanced telecom network on Baengnyeong Island, about 228 kilometers off the coastal city, as a part of its project called “GiGA Island” to provide residents with better security, education and healthcare benefits. The island is the northernmost inhabited island and is within 20 kilometers of North Korea soil.
The head of a local cable TV group blamed the nation’s top three mobile carriers ― SK Telecom, KT and LG Uplus ― for excessive promotional campaigns to sell paid content with heavy discounts. “The local cable TV industry has been consistent in building a virtuous circulation ecosystem in content for broadcasters. Our industry-wide efforts, however, have been disturbed as telecom firms are pushing to increase the sale of their converged products below market price.
During the Strategic Cooperation Framework Agreement conference held in Barcelona, mobile communications carriers from China, Japan and South Korea, including China Mobile, NTT DoCoMo and KT, released a joint plan to enhance 5G technical cooperation. Taking the opportunity of Mobile World Congress 2015, the Strategic Cooperation Framework Agreement conference was initiated by KT.
BARCELONA, Spain ― Korea’s mobile carriers SK Telecom, KT and LG Uplus are being urged to cooperate with each other to team up with other overseas carriers in order to enjoy “first-mover” advantage in the race to set up standards for fifth-generation (5G) wireless technology. The 2014 Mobile World Congress (MWC) featured the benefits of 5G over today’s long-term evolution (LTE) tech, the Internet of Things (IoT), Samsung Electronics Galaxy S6, LG’s stylish smartwatch and products for augmented reality.
BARCELONA, Spain ― KT, the nation’s second-largest mobile carrier, said Monday that it has teamed up with China Mobile and NTT DoCoMo to jointly develop the fifth-generation or 5G network technology. “KT has agreed with China Mobile and NTT DoCoMo of Japan for co-development of 5G mobile technology. The agreement calls for joint marketing to promote new telecommunications technology,” KT said in a statement on the sidelines of 2015 Mobile World Congress (MWC) exhibition here.
Cisco Korea said Wednesday SK Telecom and other telecom companies should cope with inefficient network business structures through virtualization technology to effectively compete with global players. “Local telecom service providers are ill-positioned. They are relatively inefficient and slow as they have operated separate networks for fixed-line connections, mobile customers, business-to-business and media due to technological limits,” Cisco Korea’s systems engineer and manager Sean Wang said at a press conference Wednesday.
KT Chairman and CEO Hwang Chang-gyu will unveil the company’s strategies on fifth-generation (5G) wireless technology and the Internet of Things (IoT) in his keynote speech at the Mobile World Congress (MWC) in Barcelona, Spain. Hwang believes 5G mobile technology and the IoT will help pick up the slack in the company’s recent weak performance. He will present his corporate vision on March 3, urging industries to join moves to establish standards for the IoT and 5G framework.
KT, the nation’s largest fixed-line operator, said Monday it will provide Internet of Things (IoT) and holography technologies as well as digital culture content for a film theme park in China. It has signed a memorandum of understanding with Hengdian Group, a Chinese manufacturing and entertainment conglomerate, to cooperate to establish digital content infrastructure at the entertainment theme park named “Wanhuayuan” in Jiejang Province, China.
KT, the nation’s No. 2 mobile carrier, reported operating losses for 2014, Friday, for the first time in its corporate history after being hit by increased costs. In a regulatory filing to the Korea Exchange (KRX), KT said its net losses amounted to 965.5 billion won, up from a loss of 60.2 billion won in 2013. Operating losses reached 291 billion with the firm reporting 23.42 trillion won in sales last year, a drop of 1.6 percent year-on-year.
KT has teamed up with Qualcomm of the United States to jointly develop devices and equipment for creating secure gateways to the Internet of Things (IoT). “Under the agreement, Qualcomm will develop customized LTE (long-term evolution) chipsets, and KT will develop equipment and other IoT security integrated systems,” announced KT Thursday. Spokesman Kim Young-wan said that they aim to commercialize IoT security services based on LTE technology by the end of the first half of this year.
KT Chairman Hwang Chang-gyu pledged to show tangible results in the company’s network businesses in the global market including the Middle East, Africa and Asia. In a meeting with journalists before an event to commemorate moving into a new office building near Gwanghwamun, central Seoul, the chairman said the company will nurture cloud platforms, network systems, and media and energy sectors at home and abroad this year.
SK Telecom accused KT of offering illegal subsidies to steal customers from other mobile carriers, Thursday. “Since Jan. 21, KT has been providing huge rebates to its retail stores to lure more customers in a breach of the Telecom Law. We strongly urge KT to immediately stop this as this hurts fair market competition,” SK said in a statement. It said a local KT outlet provided up to 550,000 won for each customer who wanted to change their mobile carrier.