[KT Concall] Expected Revenue of 25 Trillion Won and Facility Investment of 3.1 Trillion Won This Year
[Asia Economy Reporter Koo Chae-eun] KT has presented a guidance forecast of 25 trillion KRW in sales and 3.1 trillion KRW in separate investment expenditure (capital investment) for this year.
On the 6th during a conference call, KT stated, “We will focus on rational investment and fundamental improvement of service quality,” adding, “To enhance corporate value, we will actively explore 5G and AI-based services and strive to improve profitability. At the group level, we will also strengthen group competitiveness through portfolio adjustments.” KT’s sales in 2019 were 24.342 trillion KRW, and the annual capital expenditure (CAPEX) was 3.2568 trillion KRW.
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Regarding CEO appointment, KT announced, “President Koo Hyun-mo has been selected as the next chairman candidate. The chairman candidate was verified through a three-step process according to the articles of incorporation: the Governance Committee, the Chairman Candidate Review Committee, and the Board of Directors,” and added, “The final CEO appointment will be confirmed in March.”
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