KT Corporation
KT Corporation (Hangul: 주식회사 케이티), formerly Korea Telecom, is a South Korean telecommunications company. KT is the second-largest wireless carrier in South Korea, with 16.493 million subscribers as of Q4 2017.
| Formerly | Korea Telecommunications Authority (1981–2002) |
|---|---|
| Company type | Public |
| KRX: 030200 NYSE: KT LSE: KTCD | |
| Industry | Telecommunications |
| 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 |
Key people | Hyun-Mo Koo (CEO) |
| Products | Fixed line Mobile Telephony Internet Services Digital Television Credit card Entertainment Education Real estate Infrastructure Sports Software |
| 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) |
| Subsidiaries | KTDS KTH KTP KTN KT Submarine KT Telecop KT Capital KT Rental KTM&S Genie Music Nasmedia KT CS KT IS KT SkyLife KT Wibro Infra Seezn |
| Website | corp |
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 is a major supplier of 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 merger with KTF, its wireless subsidiary, in 2009 made it the country's ninth largest chaebol (conglomerate) with nearly 24 trillion won in assets as of 2009.
In January 2011, KT launched unified brand "Olleh" for both fixed-line and cellular broadband services.