[Korea.net News, Economy / Industry, May 13 2007] KT plans to sign alliance MOU with NTT

KT Corp., Korea's leading fixed-line operator, said Tuesday (May 13) it decided to forge a cooperative alliance with NTT Corp. of Japan to cooperate in joint business projects in the future.

The companies plan to sign a memorandum of understanding (MOU) in the U.S. and to hold a meeting dubbed the "KT-NTT Venture Forum" in Seoul in July, the company said.

Under the deal, KT and NTT will jointly seek new business models utilizing next-generation broadband communications technologies, initially focusing on overseas venture capital-related areas.