KT Corp. that is formerly known as Korea Telecom is the largest telecom company in South Korea. It is also one of the country’s top telecom carriers and included in the “big three.”
As per The Korea Herald, KT Corp. is now facing issues as it can be sued for the internet service that it provides. Based on the report, subscribers are complaining about the internet speed because they are not getting the 10-gigabit-per-second internet speed that is indicated in their plans.
Possible class-action lawsuit for KT
The subscribers further alleged that KT also offered services and had people subscribed to plans even if they are living in areas that do not have the facilities yet to accommodate high-speed internet services that the company is supposed to provide. Because of this, the telecom firm is potentially facing a class-action lawsuit.
Since KT will not be able to provide the internet speed indicated in the plans due to the lack of proper infrastructure, then the subscribers may end up paying for the kind of service that they will not be getting. This situation is enough for KT to be sued, as per the experts.
Kim Jin Wook, a lawyer from a law firm in Seoul, revealed on Wednesday, May 5, that he is looking for people who will sign as plaintiffs so he can file a class-action lawsuit against the company.
“According to media reports, there are speculations that telecom carriers intentionally subscribed customers on gigabit internet plans though they are living in regions where gigabit internet is unavailable,” the attorney said. “If these speculations turn out to be true in a further investigation, telecom carriers should be held legally accountable for deceiving customers with contracts.”
The lawyer added that they will also file a complaint before the Ministry of Science and ICT so that the matter could be investigated. The result of this probe will be the basis to see if they can proceed with the filing of a lawsuit against KT.
Not the first case of complaint
KT recently apologized to a subscriber who aired his complaint about internet speed via YouTube. He said that his connection is slower than what was in his plan. This led to the major telecom companies being scrutinized last month.
Korea Joongang Daily reported that this also prompted Kim Hyun, the Korea Communications Commission (KCC) vice-chairman, to launch an investigation on three major telecoms to check if the subscribers are getting the internet service they have been paying for.


Wall Street Ends Mixed as Investors Await CPI and Bank Earnings
Gold Prices Rebound as Dollar Weakens Ahead of US Inflation Data
Elon Musk Donates $366 Million to 2026 US Midterms
Bank of America Predicts Yen Rebound as USD/JPY Faces Risks
European Auto Stocks Rise as EU-China Trade Deal Targets Hybrid Imports
Samsung, SK Hynix Shares Fall as China's CXMT Advances DRAM Technology
Oil Prices Fall as Trump Ceasefire Claim Shifts Market Focus to U.S. CPI
Ripple Mints 19.6 Million RLUSD Amid Banking Expansion
IMF, World Bank Meetings Face Global Economic Risks Amid Iran War
Asian Stocks Plunge as AI Chip Selloff Hits South Korea and Japan
Ethereum Foundation-Linked Wallets Move $11.13M in ETH to Kraken
US Dollar Rises for Fourth Week as Fed Rate Hike Bets Grow
Oil Prices Fall as Russia Signals Higher Diesel Exports
US Dollar Near 18-Month High Ahead of Inflation Data
Nvidia’s China AI Chip Market Share Falls to 34% as Huawei Gains Ground
MNX Crypto Exchange Launches Futures for OpenAI, Anthropic Valuations
Gold Prices Rise Above $4,200 as Russia-Ukraine Energy Truce Eases Oil Concerns 



