Company DescriptionKT Corporation provides integrated telecommunications and platform services in Korea and internationally. The company offers fixed-line telephone services, including local, domestic long-distance, international long-distance, and voice over Internet protocol telephone services, as well as interconnection services; broadband Internet access service and other Internet-related services; and data communication services, such as fixed-line and leased line services, as well as broadband Internet connection services. It also provides media and content services, including IPTV, satellite TV, digital music, e-commerce, online advertising consulting, and digital comics and novels services; and credit card processing and other financial services. In addition, the company offers information technology and network services, and satellite services; sells handsets and miscellaneous telecommunications equipment; develops and sells residential units and commercial real estate; and rents real estate properties. Further, it maintains public telephones; offers security, B2C and B2B, investment fund, software development and data processing, value added network, system integration and maintenance, mobile marketing, PCS distribution, satellite broadcasting, cloud system implementation, network installation and management, and data center development and related services. Additionally, the company is involved in the Internet banking ASP and security solutions, residential building development and supply, sports group management, technology business finance, software development and supply, submarine cable construction and maintenance, and trunk radio systems businesses. As of December 31, 2020, the company served approximately 22.3 million mobile subscribers and 8.8 million IPTV subscribers. The company was formerly known as Korea Telecom Corp. and changed its name to KT Corporation in March 2002. KT Corporation was founded in 1981 and is headquartered in Seongnam, South Korea.
How the Company Makes MoneyKT Corporation generates revenue through multiple streams primarily centered around its telecommunications offerings. The company earns income from its mobile services, which include voice and data plans for both individual and corporate customers. Fixed-line services continue to be a significant revenue stream, providing traditional telephony and broadband internet connections. KT's IPTV services also contribute to its earnings, attracting subscribers with a diverse range of content. Additionally, KT engages in business-to-business (B2B) transactions by offering cloud services, data center operations, and IoT solutions, which are increasingly important as digital transformation progresses. Strategic partnerships in technology and media further enhance KT's revenue potential, allowing the company to leverage emerging technologies and expand its market reach.