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Technology Stocks : Korea Thrunet Co Ltd - (KOREA) -- Ignore unavailable to you. Want to Upgrade?

To: Frederick Langford who wrote (306)	2/2/2000 9:11:00 AM
From: oilbabe	Read Replies (2) \| Respond to of 406

Thrunet unveils unified messaging service High-speed Internet service provider (ISP) Thrunet yesterday unveiled TrueBox, its free unified messaging system (UMS) service. A single ID and mailbox number received at the time of sign-up for TrueBox service allows the user to have access to electronic and voice mail, fax and TruePhone, a Web-to-phone service, all for free. Signing up for TrueBox costs nothing. Currently the TrueBox service begun last November on a trial basis has more than 110,000 subscribers and 2,000-3,000 new subscribers joining daily, according to the company. The free TruePhone service whose operations began on Jan.5 currently offers free PC-to-phone and PC-to-PC calls in Seoul, parts of Kyonggi Province, Pusan and Taegu. All local, domestic long distance and international calls placed through TruePhone are free. Starting in June, callers will be able to use regular phones to place a free call, said the company. A joint venture with Nissi Media Inc., a U.S. IT solution provider soon to be listed on the Nasdaq, is slated for March. The two companies will invest $3 million in the U.S.-based joint venture that will provide UMS roaming and free phone service in the United States and Canada in the latter half of the year. UMS roaming means that a single ID can be used in Korea, the United States and Canada to gain access to the UMS service. The company, together with its joint venture firm, will expand the same services to the broader Asian region next year, securing some 5 million subscribers by 2002, according to Thrunet. Meanwhile, commenting on Thrunet's declining share price on the Nasdaq, Kim Se-hwan, director of the marketing team, said "The recent news of Korea Electric Power Corp. (KEPCO) selling off its stakes in the company and Dacom's entry into the high-speed Internet market were seen as risk factors by investors." Thrunet uses KEPCO's fiber network to provide high-speed Internet service. The price of Thrunet shares have dropped significantly to around $43 after hitting a high of about $70. That is despite a projection by Lehman Brothers at the end of last year that the shares of the company that provide broadband Internet access via cable modems could go as high as $130. Updated: 02/03/2000 by Kim Hoo-ran Staff reporter