On March 18 2009, the Korea Communications Commission (KCC) finally authorised the merger of KTF into KT. KT is the largest communications company in Korea and is engaged in communications businesses including wire telephone and high-speed internet; KTF is the second largest wireless phone company in Korea and is a subsidiary of KT, which holds 54.3% of the total number of issued shares of KTF.
April 30 2009