Korea Telecom

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KT

logo
legal form Corporation
ISIN KR7030200000
founding 1981
Seat Seongnam , South Korea
management Hwang Chang-gyu CEO (as of 2019)
Number of employees 23,531 (as of 2015)
sales 23,751 trillion Won (16.88 billion euros )
Branch telecommunications
Website www.kt.co.kr

Korea Telecom ( KT ) is a South Korean company with headquarters in Seongnam near Seoul . The company operates in the telecommunications industry. KT has around 23,500 employees (as of 2015). The company was founded in 1981 as a public utility company and was subordinate to the state. Privatization began in 2001 and was completed in 2002.

Korea Telecom is a so-called chaebol , a conglomerate with Korean characteristics. The company operates in various sectors. In 2011, KT took over the payment card service provider BC Card.

In 2011, KT established the Olleh word mark, which is used, among other things, for landline and mobile communications, as well as for the Olleh TV streaming service. Since 2017, however, Olleh has been increasingly replaced by the KT brand.

Korea Telecom was the first company in the world to introduce the 5G communications standard . Both SK Telecom and KT started their G5 networks at the same time on April 4, 2019. The American company Verizon followed shortly afterwards . KT is also active in the field of artificial intelligence .

With KT SkyLife, KT has a subsidiary for television, which in turn operates the anime channel Animax in South Korea as a joint venture with Sony Pictures Television.

KT has several sports teams, including the KT Shooting Team in sports shooting , which is considered the best team in South Korea. The company supports KT Wiz in baseball and KT Sonicboom in basketball Busan. In e-sports the company is represented by KT Rolster.

Web links

Commons : Korea Telecom  - collection of pictures, videos and audio files

Individual evidence

  1. ^ KT Corporation. In: United States Securities and Exchange Commission. Retrieved November 23, 2019 .
  2. ↑ KT 2018 earnings release. In: KT. Retrieved November 23, 2019 .
  3. ^ History. In: KT. Retrieved November 23, 2019 .
  4. ↑ KT to become top owner of BC Card, bets on mobile payment. In: Reuters . February 10, 2011, accessed November 21, 2019 .
  5. ↑ Kenneth Li, Ju-min Park: Who was first to launch 5G? Depends who you ask. In: Reuters . April 5, 2019, accessed November 22, 2019 .
  6. ↑ Kim Eun-jung: KT to invest 300 bln won in AI by 2023. In: Yonhap . October 30, 2019, accessed November 23, 2019 .
  7. ↑ KT Sports. In: KT Sports. Retrieved November 23, 2019 (Korean).

Coordinates: 37 ° 21 ′ 31.5 "  N , 127 ° 6 ′ 53.7"  E