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KT, Samsung to develop Web-based image services
July 8, 2005
KT, Korea's largest fixed-line telephone and broadband Internet operator, has agreed with Samsung Electronics to develop Web-based image services using digital cameras and camera-equipped phones, the Internet operator said on June 22.
KT's executive vice president Chae Jong-jin and Samsung's executive vice president Ha Yoon-ho have signed a memorandum of understanding for the project at a meeting held during an industry fair at COEX in southern Seoul, KT said in a statement. Financial terms of the deal weren't disclosed.
Under the MOU, the two companies will develop image-sharing services on the Internet, allowing users to safely and systematically save and manage their photos on the Internet in the second half of this year, KT said.
KT, which controls more than half the nation's 12 million broadband subscribers, also has a wireless unit, KTF, with about 12 million mobile phone users.