30 May '11, 9am

S.Korean, Japan firms in cloud computing venture

S.Korean, Japan firms in cloud computing venture

South Korean telecom operator KT on Monday said it would form a cloud computing venture with Japan's Softbank to help Japanese companies keep their data safe from natural disasters. -- PHOTO: AFP SEOUL - SOUTH Korean telecom operator KT on Monday said it would form a cloud computing venture with Japan's Softbank to help Japanese companies keep their data safe from natural disasters. South Korea's number two wireless operator will have a 51 per cent stake in the joint venture to be established by September, with the rest held by the Tokyo-based Internet and telecoms firm, KT said in a statement. Cloud computing allows users to remotely store data rather than keep it on their own servers. It has been seen as a new driver to boost the technology sector. The new venture will set up a data storage centre in South Korea by October to offer services to Japanese companies. 'South ...

Full article: http://www.straitstimes.com/BreakingNews/TechandScience/S...

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