Korea Joongang Daily
Korea JoongAng Daily

KT&G targets 15 percent return on equity through buyback plan

KT&G plans significant buybacks and dividends, targeting a 15 percent ROE by 2027.

2024-11-11

KT's net profit surges 32.9% on low base effect

Mobile carrier KT logged 383.2 billion won ($276.9 million) in net profit for the July-September period, a 32.9 percent surge compared to the year before due to the low base effect.

2024-11-08

KT reports 33% jump in Q3 net income

KT on Friday reported its third quarter net income of 383.2 billion won ($276.9 million), up 32.9 percent from a year earlier.

2024-11-08

KT's new streaming box offers AI, smart home and 8K streaming in one

KT has launched the Genie TV Set-top Box 4, an AI-powered device supporting 8K video and smart home controls. It enhances viewing quality and offers voice-command features.

2024-11-05

KT, KAI and KT Sat sign MOU to develop 6G satellite systems

Mobile carrier KT signed a deal on Sunday with Korea Aerospace Industries (KAI) and its affiliate KT Sat to jointly develop low-orbit satellite communications systems for sixth-generation (6G) wireless technology.

2024-11-03

KT feeds birds in DMZ with drones

KT's DMZ Ecological Conservation Group utilized drones to feed migratory birds, aiming to protect biodiversity in the demilitarized zone.

2024-10-24

Taiwan's Taoyuan Pauian Pilots edge out Sonicboom in Super League clash

Suwon KT Sonicboom lost 91-70 to Taiwanese team Taoyuan Pauian Pilots in the East Asia Super League (EASL) game on Wednesday at Suwon KT Sonicboom Arena in Suwon, Gyeonggi, failing to bag a second straight win in the tournament.

2024-10-24

Mobile perks falling flat? Carriers scramble to address backlash over shrinking benefits.

Korea's major mobile carriers face criticism for reduced membership benefits. Their response? Enhancing partnerships and communication to address concerns and expand user discounts.

2024-10-23

KT offers 6,000 employees buyouts in hard pivot to AI

KT will offer buyouts to up to 6,000 employees as part of a restructuring plan, establishing two new subsidiaries focused on AI and telecommunications.

2024-10-17

KT gets restructuring green light as part of AI transition

The board of KT approved the establishment of two subsidiaries as the company restructures to transition to an AI-centric business, a move blasted by its union.

2024-10-15