KTannounced on May 14 that the number of its Giga Internet subscribers passed the3-million level. This figure is equivalent to 35 percent of its totalsubscribers (8.6 million) and 60 percent of those who subscribe to the GigaInternet service offered by the nation's big three-telecom companies includingKT, SK Broadband and LG U+.
KTdeclared the commercialization of Giga Internet service first in Korea at theITU conference held in Busan in October 2014, with the number of its GigaInternet subscribers rising from 1 million in December 2015 to 2 million inSeptember 2016.
ForKT, it took 14 months to reach the 1-million level in the number of GigaInternet subscribers, 9 months to reach 2 million and 8 months to reach 3million, indicating that the pace of growth in the company's Giga Internetsubscribers has been picking up.
KT'sGiga Internet service comes in two types including 0.5 Gbps and 1 Gbps. Theshare of the 1-Gbps service which was introduced later than the 0.5-Gbps one,rose from 8 percent in the first quarter of last year to 30.9 percent in thefirst quarter of this year.
National Pension Service’s (NPS) recent invitation for investment proposals to domestic private equity and venture capital funds, which amounts to 650 billion won ($577 million), has met with a lukewarm response from fund houses, amid concerns about the $500 billion&hellip
Korea Investment Corporation (KIC) Chief Investment Officer Shinwoo Kang will give a keynote speech in a global real estate and infrastructure summit on Oct. 25 in Seoul, where key investment decision-makers of South Korea’s biggest asset owners are set to&hellip
Asia-based investment firm Pacific Alliance Group (PAG) has bought an office building in southern Seoul from a fund led by the Public Officials Benefit Association (POBA) for around 310 billion won ($273 million), at a time when the growing nuclear&hellip