KT Corporation provides telecommunication services in Korea. Its services comprise mobile telecommunications services; telephone services, including local, domestic long-distance and international long-distance, fixed-line and VoIP telephone services, and interconnection services to other telecommunications companies; broadband Internet access services and other Internet-related services, such as IP-TV services; and various other services comprising leased line services and other data communication service, satellite services, and information technology and network services consisting of cloud computing services. The company also offers information technology and network services, including consulting, designing, building, and maintaining of systems and communication networks; owns, plans, and develops commercial and office buildings and condominiums, as well as leases buildings; and rents cars and equipment. As of September 9, 2011, it served approximately 16 million mobile subscribers; approximately 7.6 million fixed broadband Internet subscribers; and approximately 2.5 million IPTV subscribers. The company was formerly known as Korea Telecom Corp. and changed its name to KT Corporation in March 2002. KT Corporation was founded in 1981 and is headquartered in Sungnam, South Korea.