KT Corporation
KT Corporation is an integrated telecommunications services provider in Korea. Its services include telephone services, including local, domestic long-distance and international long-distance fixed-line telephone services and interconnection services to other telecommunications companies; broadband Internet access service and other Internet-related services; personal communications system (PCS) mobile telecommunications service through its subsidiary, KT Freetel Co., Ltd. (KTF), and various other services, including leased line service and other data communication service. It operates in two segments: wireline communications segment and mobile services segment. Wireline communications include services provided to fixed-line customers, including Internet access services, data communication services, leased line services and telephone services. Mobile services include both personal communications system (PCS) service and IMT-2000 service.
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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.
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