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.
The Public Officials Benefit Association (POBA) will select two global private credit managers to invest around $200 million in mezzanine debt via separately managed accounts (SMAs). POBA will allocate $100 million to each of two SMAs through two domestic investment&hellip
The Government Employees Pension Service (GEPS) will allocate $20 million to US dollar-denominated structured notes based on South Korean credit default swaps (CDS) and three-month US dollar LIBOR. It received proposals for the investment mandate by the afternoon of June 26.&hellip
Korea Investment Corporation (KIC) will open its third overseas office in Singapore as early as August in its push for alternative investments in Asia, according to a local newspaper report. The opening of a foreign office will come six years&hellip