KT Corporation

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 1996.

The company's 2009 merger with KTF, its wireless subsidiary, made it the country's ninth largest chaebol (conglomerate) with nearly 24 trillion won ($20 billion) in assets.

In late 2015 former KT president Suk-Jae Lee was charged of breach of trust and embezzlement. An allegation he denies.

Company overview

Korea

Korea, called Chosŏn (Korean: 조선; Hanja: 朝鮮) in North Korea and Hanguk (Korean: 한국; Hanja: 韓國) or Daehanminkuk (Korean: 대한민국; Hanja: 大韓民國) in South Korea, is an East Asian territory that is divided into two distinct sovereign states: North Korea, formally the Democratic People's Republic of Korea (DPRK), and South Korea, formally the Republic of Korea (ROK). Located on the Korean Peninsula, Korea is bordered by China to the northwest and Russia to the northeast. It is separated from Japan to the east by the Korea Strait and the Sea of Japan .

Korea emerged as a singular political entity after centuries of conflict among the Three Kingdoms of Korea, which were unified as Silla (57 BC – AD 935) and Balhae (AD 698 – 926). The united Silla was eventually succeeded by Goryeo in 935 at the end of the Later Three Kingdoms period. Goryeo, which gave name to the modern exonym "Korea", was a highly cultured state and created the Jikji in the 14th century. The invasions by the Mongol Empire in the 13th century, however, greatly weakened the nation, which forced it into vassalage. After the Yuan dynasty's collapse, severe political strife followed. Goryeo eventually fell to an uprising led by General Yi Seong-gye, who established Joseon in 1388.

Korea (disambiguation)

Korea may refer to:

North Korea

Coordinates: 40°00′N 127°00′E / 40.000°N 127.000°E / 40.000; 127.000

North Korea ( listen), officially the Democratic People's Republic of Korea (DPRK; Chosŏn'gŭl: 조선민주주의인민공화국; hancha: 朝鮮民主主義人民共和國; MR: Chosŏn Minjujuŭi Inmin Konghwaguk), is a country in East Asia, in the northern part of the Korean Peninsula. The name Korea is derived from the Kingdom of Goguryeo, also spelled as Koryŏ. The capital and largest city is Pyongyang. North Korea shares a land border with China to the north and northwest, along the Amnok (Yalu) and Tumen rivers, and a small section of the Tumen River also forms a border with Russia to the northeast. The Korean Demilitarized Zone marks the boundary between North Korea and South Korea.

Korea was annexed by the Empire of Japan in 1910. After the Japanese surrender at the end of World War II in 1945, Korea was divided into two zones by the United States and the Soviet Union, with the north occupied by the Soviets and the south by the Americans. Negotiations on reunification failed, and in 1948 two separate governments were formed: the Democratic People's Republic of Korea in the north, and the Republic of Korea in the south. An invasion initiated by North Korea led to the Korean War (1950–53). Although the Korean Armistice Agreement brought about a ceasefire, no official peace treaty was ever signed. Both states were accepted into the United Nations in 1991.