|Post IPO Valuation|
Expanding 4.5 million fixed lines to 20 million in just 12 years, kt introduced universal telephone service to every citizen of Korea, leading the development and advancement of communications services.
More recently, kt established an advanced broadband network for the first time in Asia, and launched Korea’s first communication satellite ‘Mugunghwa (Sharon’s Rose)’, contributing to making Korea one of the most advanced countries in information and communications.
Since becoming a government-funded corporation in 1997, kt changed its business portfolio to focus more on wireless and internet services instead of fixed lines.
Taking over Hansol M.com and merging with its subsidiary KTF, kt expanded its business scope and included mobile communication as its main service.
kt became a privately owned company in 2002 and began concentrating on building broadband network. As a result, the company set several new records including the increase of ADSL subscribers to 6 million in just 3 years and played a leading role in the age of digital networking.