KT Corp.

KT Corporation (Hangul: 케이티 주식회사), formerly Korea Telecom, is South Korea’s largest telephone company.

The formerly state-owned firm is South Korea’s first telephone 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.

KT Corp. engages in the provision of integrated telecommunication services. It operates through the following business divisions: Mobile, Broadband Internet, Telephone, Wireless Broadband Internet and Internet Protocol Television (IPTV). The Mobile business division provides smart phone services, special tariff discount products, third-generation and WiBro network. The Broadband Internet business division offers supplementary services, customized products and supplies fiber to the home in housing market. The Telephone business division provides phone and internet bundling services, develops new business model. The WiBro business division offers distribution channels, terminals, laptop rental and package products. The IPTV business division provides free set top box rentals, hybrid products and satellite high definition channels. The company was founded on December 10, 1981 and is headquartered in Seongnam, South Korea.