October 7, 2008

KT and NTT continues their joint effort for new business search and development; KT-NTT Venture Forum held in Seoul, Korea.

KT and NTT announced today that they held "KT-NTT Venture Forum" in Seoul, Korea on October 7th, 2008. This is a continuous effort by both companies after signing of a MOU in Palo Alto, CA USA in July.

9 startup companies from US and Korea were invited to present for the executives and working groups from both KT and NTT. There were lively discussions on various business opportunities and plenty of networking available to over 150 participants.

KT and NTT will work closely regarding new business development, toward the early development and commercialization of applications and other services for broadband and next-generation networks.

For further inquiries, please contact:

(Mr.) Noriyuki Kaya or (Mr.) Takafumi Isou
Global Business Strategy Office
Nippon Telegraph and Telephone Corporation
Tel: +81-3-5205-5191

(Dr.) Choongil Kim
Customer Value Innovation Center, New Business BU
KT Corporation
Tel: +82-2-3483-7726


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