21Vianet 2600Hz 3Com 3GPP 3Leaf 4G 4G licensing 5G Africa Alcatel Shanghai Bell Alcatel-Lucent Alibaba Android antiitrust Apple APT Satellite Arete AT&T auction backbone Baidu Bain bandwidth base station Battery broadband cable CBN CCP censorship Cfius China China brands China FTTH China hi-tech China market China media China Mobile China Mobile Hong Kong China Science China Telecom China Unicom chips Ciena Cisco civil society CNNIC Communist Party convergence copyright CSL cybersecurity Datang drones Egypt Elop Ericsson EU Facebook FDD LTE FDD-LTE feature phones Fiberhome FLAG forecasts Foxconn FTZ Galaxy S3 Google GSMA GTI handset handsets Hisilicon HKBN HKIX HKT HKTV Hong Kong HTC Huawei Hugh Bradlow Hutchison India Infinera Innovation Intel internet investment iOS iPad iPad 2 iPhone IPv6 ITU Japan KDDI KT labour shortage Leadcore low-cost smartphone LTE MAC MAE Mandiant market access Mediatek Meego Miao Wei Microsoft MIIT mobile broadband mobile cloud mobile data mobile security mobile spam mobile TV mobile web Motorola music MVNO MWC national security NDRC New Postcom Nokia Nokia Siemens Nortel NSA NTT DoCoMo OTT Pacnet Panasonic patents PCCW piracy PLA politics Potevio price war private investment Project Loon Qualcomm quantum Reach regulation Reliance Communications Ren Zhengfei Renesys RIM roaming Samsung sanctions Scania Schindler security shanzhai Sharp SKT Skype smartphones Snowden software Sony Ericsson spectrum Spreadtrum standards startups subsea cables subsidies supply chain Symbian tablets Tata Communications TCL TD LTE TD-LTE TD-SCDMA Telstra Trump Twitter urban environment USA US-China vendor financing Vitargent Vodafone New Zealand WAC WCIT Web 2.0 web freedom WeChat WhatsApp Wi-Fi Wikileaks Wimax Windows Mobile WIPO WTO Xi Guohua Xiaolingtong Xinjiang Xoom Youku YTL ZTE

Entries in KT (1)


KT: Let's build a common market for digital

In an industry struggling to compete with small, fast-moving competitors, KT chairman Suk-Chae Lee found a ready audience with his call for telcos to create a “global common market” for digital commerce.


It may be old wine in new bottles - essentially calling for a kind of super carrier app store - but his keynote speech also came with some warnings.


KT has suffered a 28% fall in voice revenue and 70% decline in SMS volumes over the last four years. 

Repair the window before it rains,” Lee said, quoting a Chinese proverb (in Chinese, which went down well). “When the symptoms become reality it will be too late to do anything.”


Lee urged operators to transform themselves into “producers of virtual goods,” or as “enablers" with some claim on revenue share.


He said telcos needed to think globally to enable them to compete against internet firms.  “Why must telcos remain stagnant and in their home market, while Google and Amazon occupy global markets?”


The industry should heed some of the lessons of the failed WAC venture, he said. Operators needed to be light and agile and able to “compete in a unified global market for virtual goods by aggregating our segmented customers bases.”


He says KT has been trying create a global common market, like an app store, which would become a “new way of distributing virtual goods.”


Lee said he's found willing partners in Japanese and Chinese operators and has drawn interest from other operators as well.


KT has created a single all-IP network to cut costs, enabling it to integrate its entire fixed and mobile customer base, which was previously sorted into 'household' and 'individual'. With a unified base of 25m KT is now offering IPTV service over mobile.

Since upgrading to HTML 5 KT has also tried to position itself as platform for small content providers to distribute their services and content.

“We believe this new approach will allow everyone to become a distributor for virtual goods and at a higher level. It may sound like a long way from current reality but the global broadband market is on our doorstep already.”