KT to invest KRW 13 tln in cloud computing, big data

Wednesday 23 September 2015 | 12:20 CET | News
South Korean mobile operator KT plans to invest KRW 13 trillion (approximately USD 10.9 billion) until 2020 in new growth engines, Yonhap news agency reports, citing KT CEO Hwang Chang-gyu. In line with this strategy, KT plans to set up the Intelligent GiGA Infra, which connects the latest technologies, including cloud computing and big data. "Through the intelligent infrastructure, KT will make efforts to make South Korea the leader in the fourth industrial revolution", Chang-gyu said.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: KT
Countries: Korea, Republic of
::: add a comment
This article is part of dossier


Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


KT reappoints Hwang Chang-gyu as chairman - report

Published 26 Mar 2017 07:43 CET | Korea, Republic of
South Korean operator KT has appointed Hwang Chang-gyu as its chairman, The Korea Times reports. This will be his second term as ...

KT to reappoint Hwang Chang-gyu as chairman

Published 27 Jan 2017 07:53 CET | Korea, Republic of
KT chairman Hwang Chang-gyu is expected to take up a second term as company chairman. He is nominated as the sole candidate to ...

KT to triple overseas sales to KRW 2 trillion by 2020

Published 24 Sep 2015 12:14 CET | Korea, Republic of
South Korean mobile operator KT expects to triple its overseas sales over the next five years. This sales growth will be mainly ...

Korea govt to invest KRW 420 bln in smart device market

Published 23 Sep 2015 12:33 CET | Korea, Republic of
The South Korean government plans to inject KRW 420 billion (approximately USD 357 million) to boost the country's smart device ...

KT launches Wiz Stick portable security platform

Published 23 Sep 2015 10:15 CET | Korea, Republic of
South Korean mobile operator KT has introduced a portable security platform dubbed 'Wiz Stick'. The service is designed to ...

KT to invest KRW 4.5 trillion in Giga internet

Published 21 May 2014 14:31 CET | Korea, Republic of
Korean communications provider KT aims to invest KRW 4.5 trillion over the next three years to deploy wireline and wireless ...

KT to spend KRW 3 trln on network upgrade

Published 11 Jun 2013 04:18 CET | Korea, Republic of
South Korean communications provider KT is planning to invest KRW 3 trillion in network upgrades over the next five years. The ...

KT gets regulatory approval to halt 2G service

Published 24 Nov 2011 11:35 CET | Korea, Republic of
South Korean mobile operator KT has secured regulatory approval to use its 2G mobile spectrum for LTE services, Yonhap News ...

KT invests KRW 4 bln in investment fund for app development

Published 31 Aug 2011 03:14 CET | Korea, Republic of
Korean communications firm KT is investing KRW 4 billion in a fund to boost the development of applications. The 'Econovation ...

KCC begins M2M standards, ultra-low power comms projects

Published 20 May 2011 04:37 CET | Korea, Republic of
The Korea Communications Commission (KCC) has begun a project to develop a machine-to-machine terminal standard based on ...

KT to invest KRW 5 tln for data services network by 2014

Published 31 Aug 2010 11:23 CET | Korea, Republic of
Korean operator KT is launching the 'Mobile Wonderland' project to provide smartphone users with access to the internet, reports ...