"KT and LH Promote Overseas Industrial Complex Data Center Development to Enter Global IDC Market"

At the business agreement ceremony for global business development cooperation between KT and LH held at the LH Ori Building in Seongnam-si, Gyeonggi Province, Moon Seong-wook, KT Director (third from the left), and Lee Yong-sam, LH Director (third from the right), are taking a commemorative photo with employees.

[Asia Economy Reporter Eunmo Koo] KT announced on the 1st that it has signed a Memorandum of Understanding (MOU) with Korea Land and Housing Corporation (LH) for ‘global business development cooperation.’

Through this MOU, the two companies will introduce KT’s ‘Korea One Team-type Internet Data Center (IDC)’ business model, the No. 1 IDC operator in Korea, to overseas markets. To this end, they will promote cooperation such as ▲development of data centers and smart cities within overseas industrial complexes ▲exchange of overseas business information.

The ‘Korea One Team-type IDC’ is a project where KT builds IDCs within industrial complexes developed overseas by LH. Companies located in the industrial complexes can use KT’s stable network lines and integrated operation services. In particular, they can use the IDCs designed and built by KT at reasonable costs.

KT, which has declared its transformation into a digital platform company (Digico), is also promoting changes in its global business centered on digital platforms such as IDCs. KT operates a total of 13 data centers, including the opening of ‘KT DX IDC Yongsan,’ the largest hyperscale data center in the Seoul area, in November last year. Based on its experience as the largest IDC operator in Korea, KT plans to strengthen its global IDC business model and introduce various expanded services.

They will also support efficient digital transformation (DX) for domestic companies located in LH’s overseas industrial complexes and local companies. LH plans to enhance the ICT competitiveness of industrial complexes by expanding customized infrastructure for corporate customers in overseas industrial complexes.

Following the government’s announcement of the K-New Deal globalization policy, LH is expanding its ‘overseas smart city and Korean-style industrial complex’ development projects. Starting with the Korea-Myanmar Economic Cooperation Industrial Complex (KMIC) in December last year, LH is promoting 35 projects in 19 countries, sharing Korea’s urban development system and know-how in developing overseas industrial complexes with overseas markets.

Moon Sung-wook, Head of KT’s Global Business Division, said, “By cooperating with LH, we will lead innovation for companies located in Korean-style overseas industrial complexes with KT’s digital platform capabilities, refine DX strategies for each overseas market, and contribute to the revitalization of overseas industrial complexes.”

Lee Yong-sam, Head of LH’s Global Business Division, said, “We expect synergy between LH’s know-how in new town and industrial complex development and KT’s differentiated ICT capabilities, and plan to expand collaboration with related overseas companies to support domestic companies’ overseas expansion.”

This content was produced with the assistance of AI translation services.