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KT Corp - ADR

3
NYSE:KT (Korea (the Republic of))   ADR
$ 12.59 +0.08 (+0.64%) 08:08 PM EST
8.21
P/B:
0.50
Enterprise V:
$ 12.83B
Volume:
346.32K
Avg Vol (2M):
980.43K
Also Trade In:
Volume:
346.32K
Avg Vol (2M):
980.43K

Business Description

Description
KT is South Korea's largest fixed-line telecom operator, with around 9.0 million fixed-line broadband customers and 9.4 million IPTV customers, and is the second-largest wireless operator with 25 million subscribers. Additionally, it has a number of nontelecom businesses, including real estate, payment processing, artificial intelligence, and IDC/cloud services, many of which are the focus of its growth strategy. The company was formed from the previously government-owned, monopoly telecom business and was listed in 1998. After selling its mobile business in 1994 (forming its mobile competitor, SK Telecom) KT created its own mobile operator in 1997.