KTH Appoints Jung Ki-ho, President of Nasmedia, as New CEO
[Asia Economy Reporter Lim Chun-han] KTH announced on the 15th that Jung Ki-ho, president of Nasmedia, has been nominated as the new CEO. President Jung is a digital media expert who founded Nasmedia in 2000 and grew its handling volume from just 3 billion KRW at the time to 1 trillion KRW over 20 years. As a digital media leader who established the country's first online advertising agency, pioneering the online advertising market and leading industry trends, he is evaluated as the right person to comprehensively carry out the rapidly changing digital commerce business.
KTH plans to officially appoint President Jung as the new CEO after the regular shareholders' meeting and board resolution scheduled for the 30th. Jung Ki-ho will oversee and lead the commerce business, regarded as a key growth area of the KT Group, through concurrently serving as president of both KTH and Nasmedia.
Recently, as KT actively promotes new growth businesses to transform from a telecommunications company (Telco) to a digital platform company (Digico), KTH and Nasmedia, as core group companies in the commerce and media sectors, are expected to enable more active collaboration through President Jung’s concurrent CEO roles.
In particular, the combination of KTH’s commerce capabilities built through K-Shopping, the country’s first T-commerce service, and Nasmedia’s big data-based digital marketing campaign capabilities is expected to create unprecedented synergy in KT Group’s commerce and advertising businesses.
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Jung Ki-ho, the nominated CEO of KTH, stated, “Through the successful merger with KT M-House, we have laid the foundation to leap forward as a digital commerce platform business, and through cooperation with Nasmedia and PlayD, we will do our best to derive new future growth businesses in the commerce sector and maximize corporate value.”
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