Korea Joongang Daily
Korea JoongAng Daily

Prosecutors raid Hyundai AutoEver CEO's home in embezzlement investigation

Prosecutors raided the residence of Hyundai AutoEver CEO Seo Jeong-sik as well as other homes as part of investigations into embezzlement allegations including KT Cloud's purchase of shares of Spark & Associates, which is now know as OpenCloud Lab.

2023-11-20

KT probe

Prosecutors raided the headquarters and offices of KT Cloud and OpenCloud Lab and the residence of Yoon Kyung-lim, former head of KT's transformation division, in search of evidence related to a breach of duty case involving former CEO Ku Hyeon-mo.

2023-08-28

KT Cloud starts construction of data center in Seoul

Construction on a 26-megawatt data center in Geumcheon District, southern Seoul, has begun, KT Cloud announced Thursday. The cloud business subsidiary of KT will oversee its operation when the building is complete.

2022-07-07

KT, NHN place big ambitions in the cloud

Spin-offs of KT and NHN focusing on cloud computing officially started Friday, signaling Korean tech companies’ shift to a whole new business horizon. Cloud computing refers to technology that allows the delivery of on-demand computing ...

2022-04-01