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KTF

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KTF (Korea Telecom Freetel, KRX: 032390, KOSPI: KTF, (Korean: (주)케이티프리텔)) is a South Korean telecommunications firm, specializing in cellular, or mobile, phones. Since 1999, it has also developed extensive overseas operations. The current CEO is Cho Young-Chu. The company has 12 million subscribers in South Korea. The company is credited with developing customized ring back tones.

In 2003, KTF received an order from PT Mobile-8 Telecom of Indonesia for a comprehensive consulting service. KTF also signed a contract for the export of its CDMA network management system and invested US$10 million in the Indonesian mobile provider.

In India, the firm completed the first stage of its contract with Reliance for US$2.65 million worth of the CDMA network construction.

KTF also holds a 25% stake in CEC Mobile of China, after investing a sum of 4.5 billion won in 2002. The two major shareholders of KTF are KT(52.99%) and NTT DoCoMo(10.03%). KTF sponsors a professional StarCraft team.

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