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KT (telecommunication company)

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KT

Type	Private
Founded	1981 (privatized since 2002)
Headquarters	Seongnam, South Korea
Key people	Nam Joong-soo, CEO
Products	Fixed telephone Mobile telephone Broadband, Internet services IT/Network services
Revenue	₩118,773 billion (2005)
Employees	around 37,500 (March 2007)
Slogan	"Life is Wonderfull, KT"
Website	www.kt.co.kr

KT (formerly, Korea Telecom, Korean: 한국통신, NYSE: KT) is South Korea's top integrated wired/wireless telecommunication service provider. KT has been Korea's leader in the development of the information & communications business for the last 25 years after privatization, as well as sharing a largest portion of the South Korean local telephone and high-speed Internet. KT is creating a world with ubiquitous, cutting-edge technology that goes beyond world-class broadband technology.
In that same time, it has helped Korea turn into an IT powerhouse with the world's leading technology in the operation of broadband service. With the commercial launch of the world's first wireless broadband service(WIBRO), KT is paving the way for U-Korea with ubiquitous infrastructure through which people can share information wherever they are.

Global Businesses

KT is being the world's leading broadband operator, combining Korea's industry-leading know-how with partners and operators around the globe as they deploy networks that push technology and solution offerings to event higher levels in the global telecom market.

Domestic Businesses

KT provides a broad range of products and services for domestic customers, including telephone services, broadband Internet services, internet access service, LM service, wireless service and data service.

Corporate Responsibility

KT is active in its efforts to bridge the digital divide, providing access to the benefits of the ICT revolution to all Koreans and creating a healthy information culture and environment.

Annual Reports

The 2005 Annual Report is now available online: http://www.kt.co.kr/eng/Inv/finance_annual.jsp?pageNum=3

1 KT History
2 KT Products
3 KT Subsidiaries
4 See also
5 References
6 External links

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 founded as the initiation of KT.

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: Launching 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 Wonderfull”
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 Megapass(Broadband Service including FTTH)
KT MegaTV (IPTV)
KT WIBRO(Mobile Wimax)
KT NESPOT (WiFi)
KT Telephone Card
KT Local/Outskirt Telephone
KT Overseas Telephone 001
KT Ringo
KT Bizmeka (Solution Service)
Let's 010 Resale mobile service (2G& 3G)

KT Subsidiaries

KTF: PCS business, founded January 3, 1997
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
KTF Technologies: PCS handset development, founded October 20, 2005
KTF mhows: Mobile marketing, founded October 12, 2001
KT Rentel: Rental service, founded November 21, 2004
KT Capital: Financing service
Sidus FNH: Movie production
Telecop Service: Security service
Olive 9: Broadcasting production