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	<title>Stock Blog Hub &#187; KT Corporation</title>
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		<title>(SKM) SK Telecom Corporation Ltd. to Enter LightSquared Venture</title>
		<link>http://www.stockbloghub.com/2010/09/21/skm-sk-telecom-corporation-ltd-to-enter-lightsquared-venture/52423</link>
		<comments>http://www.stockbloghub.com/2010/09/21/skm-sk-telecom-corporation-ltd-to-enter-lightsquared-venture/52423#comments</comments>
		<pubDate>Wed, 22 Sep 2010 03:17:53 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
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		<guid isPermaLink="false">http://www.stockbloghub.com/?p=52423</guid>
		<description><![CDATA[SK Telecom Corp. Ltd. Co. (SKM), the largest wireless carrier of South Korea, is again trying its luck in the nearly saturated but lucrative U.S. wireless market. The company has decided to invest in the LightSquared venture, which is trying to become a U.S. wholesale wireless operator specializing in next-generation (4G) LTE network. LightSquared is promoted by the private equity firm Harbinger Capital Partners. In last July, LightSquared announced that it will establish a nationwide LTE network that can be shared by several wireless and cable operators. The service is expected to start in 2010 and targets 92% of the U.S. subscribers under its network by 2015. LightSquared has already awarded an 8-year $7 billion contract to Nokia Siemens Network, a joint venture between Nokia Corp. (NOK) and Siemens AG ]]></description>
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		<item>
		<title>(KTC) KT Corporation Sheds Jobs, Enters Chinese Market</title>
		<link>http://www.stockbloghub.com/2009/12/29/ktc-kt-corporation-sheds-jobs-enters-chinese-market/23832</link>
		<comments>http://www.stockbloghub.com/2009/12/29/ktc-kt-corporation-sheds-jobs-enters-chinese-market/23832#comments</comments>
		<pubDate>Tue, 29 Dec 2009 19:20:47 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Technology]]></category>
		<category><![CDATA[Telecom Services - Foreign]]></category>
		<category><![CDATA[China Mobile Limited]]></category>
		<category><![CDATA[CHL]]></category>
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		<guid isPermaLink="false">http://www.stockbloghub.com/?p=23832</guid>
		<description><![CDATA[South Korea’s incumbent fixed-line telephone carrier KT Corporation (KTC) has announced a major workforce restructuring program. The company is reportedly eliminating 5,992 jobs through an early retirement program, equating to 16% of its workforce (roughly 37,026 employees). This represents KT’s largest job cut ever. The early retirement program applies to the employees who have worked for more than 15 years and have applied for voluntary retirement. Approximately 65% of these employees are in their 50s. KT plans to fill the vacuum by expanding the recruitment of new entrants and reducing unemployment among young people. The job cut is expected to save KRW460 billion (US$393 million) annually in labor costs. However, the one-time cost for severance pay associated with the voluntary retirement program will halve KT’s operating profit for 2009 to ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(SKM) SK Telecom Enters Mobile Credit Card Market</title>
		<link>http://www.stockbloghub.com/2009/12/15/skm-sk-telecom-enters-mobile-credit-card-market/22866</link>
		<comments>http://www.stockbloghub.com/2009/12/15/skm-sk-telecom-enters-mobile-credit-card-market/22866#comments</comments>
		<pubDate>Tue, 15 Dec 2009 22:18:32 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Technology]]></category>
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		<category><![CDATA[C]]></category>
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		<guid isPermaLink="false">http://www.stockbloghub.com/?p=22866</guid>
		<description><![CDATA[SK Telecom (SKM), South Korea’s wireless kingpin, is reportedly entering the mobile credit card market. The company has sealed a deal to acquire 49% stake in Hana Card, the credit card unit of Hana Financial Group, for KRW400 million (US$346 million). Hana Financial, the fourth largest financial company in South Korea, will hold the remaining 51% stake. Hana Card currently holds 3.5% share of South Korea’s credit card market and targets to become the leading player in this market within five years through this deal. SK Telecom’s Board recently approved the transaction, which if completed successfully (expected in Feb 2010), will enable South Korea’s first telecom operator to enter the credit card market. The deal will enable SK Telecom to offer wide-scale mobile payment services to its 24 million wireless ]]></description>
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		<title>(KTC) KT Corporation Expands Footprint in Africa</title>
		<link>http://www.stockbloghub.com/2009/12/14/ktc-kt-corporation-expands-footprint-in-africa/22772</link>
		<comments>http://www.stockbloghub.com/2009/12/14/ktc-kt-corporation-expands-footprint-in-africa/22772#comments</comments>
		<pubDate>Tue, 15 Dec 2009 01:34:29 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Technology]]></category>
		<category><![CDATA[Telecom Services - Foreign]]></category>
		<category><![CDATA[KT Corporation]]></category>
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		<guid isPermaLink="false">http://www.stockbloghub.com/?p=22772</guid>
		<description><![CDATA[South Korea’s incumbent fixed-line carrier KT Corp. (KTC) has expanded its foothold in the lucrative African telecom market with the commercial launch of its wireless broadband (“WiBro&#8221;) service in Kigali, the capital of Rwanda. WiBro is the South Korean version of the WiMax mobile broadband Internet technology. KT has spent roughly $7.7 million to build the communication infrastructure that will connect major government agencies in Kigali. The carrier has collaborated with South Korea’s top electronics company Samsung and seven other companies on the WiBro project. KT was awarded a $40 million contract by the government of Rwanda in Oct 2008 to construct a 2,300 km long high-speed fiber-optic cable connecting 30 districts throughout the country. Under this agreement, KT has committed to install a WiBro network in Kigali with 10,000 ]]></description>
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		<title>(SKM) SK Telecom Taking On iPhone</title>
		<link>http://www.stockbloghub.com/2009/12/04/skm-sk-telecom-taking-on-iphone/22057</link>
		<comments>http://www.stockbloghub.com/2009/12/04/skm-sk-telecom-taking-on-iphone/22057#comments</comments>
		<pubDate>Sat, 05 Dec 2009 01:04:16 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Technology]]></category>
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		<guid isPermaLink="false">http://www.stockbloghub.com/?p=22057</guid>
		<description><![CDATA[South Korea’s incumbent wireless operator SK Telecom (SKM) is boosting its handset portfolio to take on Apple’s (AAPL) iPhone, which was launched recently by its rival KT Corp (KTC) in the country. SK Telecom has announced its plans to market Motorola’s (MOT) Droid smartphone. The company is expected to launch the novel device, dubbed the latest &#8220;iPhone-killer,&#8221; as early as January 2010. SK Telecom is also negotiating with Research In Motion (RIMM) to market the new BlackBerry Storm 2 and BlackBerry Bold 9700 smartphones in 2010. Moreover, SK Telecom is planning to add Android phones from leading Taiwanese smartphone manufacturer HTC in its smartphone line-up. This demonstrates the company’s continued effort to strengthen its leadership in the Korean handset market. Motorola Droid, which runs on the latest version of Google’s ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(AAPL) South Korea Welcomes Apple&#8217;s iPhone</title>
		<link>http://www.stockbloghub.com/2009/11/19/aapl-south-korea-welcomes-apples-iphone/20955</link>
		<comments>http://www.stockbloghub.com/2009/11/19/aapl-south-korea-welcomes-apples-iphone/20955#comments</comments>
		<pubDate>Thu, 19 Nov 2009 20:11:50 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Personal Computers]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[AAPL]]></category>
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		<guid isPermaLink="false">http://www.stockbloghub.com/?p=20955</guid>
		<description><![CDATA[Apple Inc.’s (AAPL) iPhone is finally reaching the hands of South Korean mobile users. The country’s telecom regulator Korea Communications Commission (“KCC&#8221;) has granted Apple the license to sell the iconic handset in the domestic cell phone market. KCC has also lifted the restrictions that prohibited location-based services on smartphone devices such as the Google Maps application on iPhone. South Korea’s second-largest wireless carrier KT Corp. (KTC) will start booking Internet order for iPhone (3G &#38; 3GS) soon and begin selling it from Nov 28, 2009. The company targets to initially sell 150,000 units priced between KRW250,000 and KRW300,000 (US$216 and US$260). KT’s peer SK Telecom (SKM), the largest mobile operator in the country, is still negotiating with Apple for securing distribution rights. South Korean wireless market is technologically advanced ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(KTC) KT Corporation&#8217;s Third Quarter Profit Soars</title>
		<link>http://www.stockbloghub.com/2009/11/04/ktc-kt-corporations-third-quarter-profit-soars/19684</link>
		<comments>http://www.stockbloghub.com/2009/11/04/ktc-kt-corporations-third-quarter-profit-soars/19684#comments</comments>
		<pubDate>Wed, 04 Nov 2009 22:11:33 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Technology]]></category>
		<category><![CDATA[Telecom Services - Foreign]]></category>
		<category><![CDATA[KT Corporation]]></category>
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		<guid isPermaLink="false">http://www.stockbloghub.com/?p=19684</guid>
		<description><![CDATA[South Korea’s largest fixed-line carrier, KT Corp. (KTC), announced third quarter results with reported net income increasing 80% year over year to KRW351.4 billion (US$285 million) or KRW1,497 per share (70 cents per ADS). The annualized growth was driven by gains from wireless and a stronger Korean won versus the US dollar, which helped reduce the cost for foreign currency debt. Revenues for the quarter increased 3.9% year over year to KRW4.82 triillion (US$1.97 billion), driven by growth in wireless data and subscriber base. However, operating profit declined 11.7% year over year to KRW413.1 billion (US$335 million) due to increase in depreciation and amortisation costs and higher marketing expenses resulting from intense competiion. KT is battling with its Korean peers SK Telecom (SKM) and LG Dacom to win new customers ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(SKM) SK Telecom to Launch Fixed-Mobile Substitution Service</title>
		<link>http://www.stockbloghub.com/2009/10/21/skm-sk-telecom-to-launch-fixed-mobile-substitution-service/18393</link>
		<comments>http://www.stockbloghub.com/2009/10/21/skm-sk-telecom-to-launch-fixed-mobile-substitution-service/18393#comments</comments>
		<pubDate>Wed, 21 Oct 2009 23:31:19 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Technology]]></category>
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		<guid isPermaLink="false">http://www.stockbloghub.com/?p=18393</guid>
		<description><![CDATA[South Korea’s largest wireless carrier SK Telecom (SKM) announced plans to introduce its fixed-mobile substitution (“FMS&#8221;) service. Assuming near-term approval of the service by the telecom regulator Korea Communications Commission, the company targets the commercial launch on Nov 1. FMS refers to use of cellular handsets instead of wired or cordless landline phones for communication. This entails migration of voice minutes from fixed-line to wireless networks. FMS differs from fixed-mobile convergence, which allows users to switch between fixed-lines and mobile networks using a single dual-mode handset and two different technologies. Currently, FMS services are widely available in Europe. SK Telecom’s FMS service allows customers to make calls within a designated area (called “Discount Zone&#8221;) under the company’s network coverage. These calls will be charged at a discount rate which is ]]></description>
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		</item>
		<item>
		<title>(SKM) SK Telecom &amp; Bell Labs in Post-4G Pact</title>
		<link>http://www.stockbloghub.com/2009/10/20/skm-sk-telecom-bell-labs-in-post-4g-pact/18158</link>
		<comments>http://www.stockbloghub.com/2009/10/20/skm-sk-telecom-bell-labs-in-post-4g-pact/18158#comments</comments>
		<pubDate>Tue, 20 Oct 2009 20:20:10 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Technology]]></category>
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		<guid isPermaLink="false">http://www.stockbloghub.com/?p=18158</guid>
		<description><![CDATA[South Korea’s largest wireless carrier SK Telecom (SKM) has reportedly inked an agreement with Bell Laboratories, Inc. to jointly pursue research and development in next-generation telecommunication technologies including the development of post-4G wireless technologies. Bell Laboratories (also called Bell Labs), formerly a part of AT&#38;T (T), is the R&#38;D unit of France-based Alcatel-Lucent (ALU). The company specializes in fixed-line, wireless and converged telecommunications hardware, software and related services for enterprise and government customers. The agreement focuses on defining and designing future wireless technologies that are beyond the current 4G networks which carriers are developing globally. Moreover, the companies may also focus on developing self-optimizing networks which will be capable of bringing greater network efficiency. SK Telecom continues to lead the Korean wireless market with approximately 51% share. The company also ]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>(SKM) SK Telecom to Merge Broadband Unit</title>
		<link>http://www.stockbloghub.com/2009/10/14/skm-sk-telecom-to-merge-broadband-unit/17601</link>
		<comments>http://www.stockbloghub.com/2009/10/14/skm-sk-telecom-to-merge-broadband-unit/17601#comments</comments>
		<pubDate>Wed, 14 Oct 2009 16:49:28 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Technology]]></category>
		<category><![CDATA[Telecom Services - Foreign]]></category>
		<category><![CDATA[KT Corporation]]></category>
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		<guid isPermaLink="false">http://www.stockbloghub.com/?p=17601</guid>
		<description><![CDATA[South Korea’s incumbent wireless operator SK Telecom (SKM) is considering absorbing the company’s Internet service unit SK Broadband Co through a merger, likely in April 2010. SK Broadband (formerly, Hanaro Telecom) is South Korea’s second largest provider of high-speed Internet services. This move follows a recent announcement by SK Telecom’s rival LG Telecom, which plans to merge its operation with LG Group’s fixed-line unit (LG Dacom) and broadband unit (LG Powercom). SK Telecom acquired 50.6% stake in SK Broadband in 2007 through which the company offers broadband and Internet-related services such as video-on-demand and Internet Protocol television (IPTV) services. SK Broadband is the largest player in the South Korean broadband market with an approximately 25% share. The company registered the highest net subscriber addition among the national broadband operators in ]]></description>
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