KT will be the first Korean telecommunication company to export 5G mobile telecommunication services to a foreign telecommunication company, the Chosun Biz reported exclusively on March 2.
KT is to supply Hong Kong's largest news agency, HKT, with a "Real 360" service that provides video calls with a 360-degree forward camera.
Analysts in the mobile communications industry expect that local carriers will be able to create a new revenue base by selling 5G services to overseas.
Because 5G mobile telecommunication has a large amount of real-time data transmission and the frequency of signal transmission between terminals and base stations is shorter than the previous 4G network, variety of services are possible. Traffic services such as self-driving cars, for example, can start with 5G mobile communication.
In October last year, SK Telecom signed a contract with Japan's fourth-largest mobile carrier Rakuten to sell 5G telecommunication technology.
According to an industry on March 2, it has been confirmed that KT signed a contract with HKT, which is Hong Kong's top telecommunication business, to supply 5G services on Feb. 5. It is known that the contract size is about 2 billion won.
The 5G service that KT will provide to HKT in Hong Kong is a 360-degree video service using 5G network. It is serviced in Korea under the name of 'Real 360'.
The Real 360 is KT's flagship 5G communication service, which allows users to receive images taken with 360-degree cameras and make one-on-one video calls, as well as 360-degree video calls with up to four people.
HKT is preparing to commercialize 5G this year. It has joined hands with KT to prepare various services based on 5G. Hong Kong's HKT will first adopt KT's 5G-based 360-degree service as a pilot project and implement it on some networks, the media reported.