Gold Prices Extend Losing Streak, On Track for Worst Weekly Loss Since 1983 
Xiaomi Shares Drop After SU7 Launch as Margin Concerns Weigh on Investors 
China Holds Benchmark Loan Prime Rate Steady for Tenth Consecutive Month 
Asian Currencies Slide as Oil Prices Surge Amid U.S.-Israel-Iran Conflict 
Trump Signals End of U.S. Military Campaign Against Iran as Markets Rally 
OpenAI's Desktop Superapp: Unifying ChatGPT, Codex, and Browser Tools for Enterprise AI 
Oil Prices Surge Amid Trump's Iran Ultimatum Over Strait of Hormuz 
Super Micro Computer Shares Plunge After Co-Founder Charged in AI Chip Smuggling Case 
Judge Dismisses Sam Altman Sexual Abuse Lawsuit, But Sister Can Refile 
HSBC Considers Cutting 20,000 Jobs Amid AI-Driven Transformation 
Oil Prices Slide as U.S. Eyes Iranian Supply Relief Amid Middle East Tensions 
Iran War Fears Send Oil Prices Surging as U.S. Weighs Ground Troop Deployment 
Trump Issues 48-Hour Ultimatum to Iran Over Strait of Hormuz, Threatens Power Grid Strikes 
Cyberattack on Stryker Triggers U.S. Government Warning Over Microsoft Intune Security 
US-Iran War: Trump Eyes Military Exit as Markets React to Potential De-escalation 
EA's $15B Debt Offering Draws $25B in Investor Demand Amid Credit Market Turmoil 
Palantir's Maven AI Earns Pentagon "Program of Record" Status, Reshaping Military AI Strategy 
KT Telecom and Turk Telekom, a Turkish company, signed a partnership deal to work together in the area of media content. They are looking to foster collaboration for the said field through a private fifth-generation network setup and joint investment in some startups.
As per The Korea Herald, KT Telecom and Turk Telekom’s deal is actually a follow-up to the non-binding MoU or memorandum of understanding that they signed in March during the Mobile World Congress. At that time, they agreed to cooperate on some businesses and projects.
The South Korean telecom firm said that its new deal with Turk Telekom would provide its internet protocol television service subscribers greater access to Korean media content. This will also allow them to enjoy streaming services featuring K-content that will be provided by KT.
The deal also marks the two companies’ agreement to work on other units or aspects of the media content exchange. This may possibly also lead to the creation of new media content, depending on the response of the Turkish users’ to the service offering.
It was added that KT Telecom also agreed to provide its private wireless network technology to build up an enterprise network for Turkish telecom firm by next year. This private network infrastructure will allow businesses or government clients to experience wireless networks with better speeds, improved security, and lower latency.
And this is not all, as KT and Turk Telekom are also planning to invest in startups together. In this way, they will also be able to use the solutions that these startups will develop. They will apply the technologies to improve their services.
KT and Turk Telekom have been cooperating for years, and they have already established several successful projects. Their latest collaboration is for the media content, AI services, 5G 5G platform for Turkish 5G commercialization plans.
"We plan to cooperate with Turk Telecom to develop services tailored to the Turkish market based on our expertise in digital transformation," Yonhap News Agency quoted KT Group’s Transformation Division head, Yoon Kyung Rim, as saying in a statement in March at the 2022 Mobile World Congress (MWC) in Barcelona.
