KT Freetel Co., Ltd
SEO:032390 ISIN:KR7032390007
KT Freetel Co., Ltd. is a Korea-based mobile communication company. The Company's main activities encompass the provision of code division multiple access (CDMA) engineering consulting services, including the planning and design of wired and wireless networks, network installation and testing, and network maintenance and optimization; the provision of wireless data telecommunication solutions, such as mobile data services based on short message service (SMS), wired and wireless integrated telecommunication services and multipack services based on CDMA, and the provision of technology-related training and consulting services. The Company also provides wideband CDMA (WCDMA) services under the brand name SHOW. During the year ended December 31, 2007, the sale of mobile telecommunication service accounted for approximately 68% of total sales.
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Most Asian markets started the trading session with volatility on Monday after US stocks retreated on Friday. Tokyo and Seoul shares opened flat, and soon proceeded to a negative territory. Today Investors are also awaiting US government to unveil its plan to help the auto industry.
Asian shares fell broadly yesterday following the sharp losses in Wall Street. Japan's Nikkei index extended its falling streak for the third trading session to a 26-year low. In Seoul, Kospi slumped 3.2%. China market, which is said as one of the world's best performers, saw a most massive drop of 4.6% in Shanghai Composite Index. Hong Kong's Hang Seng Index dropped 2.9% with China-related stocks tracking movements in Shanghai.
Seoul shares rose on Wednesday after a holiday weekend, led by chip makers after German rival Qimonda filed for insolvency. The market is also lifted by overnight gains on Wall Street and big gains in Tokyo shares Tuesday. Japanese stocks gained nearly 5% yesterday as exporters benefited from a weakened yen. Markets that remained closed for the Lunar New Year included Hong Kong, South Korea, China, Singapore and Taiwan.
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