KT Holds Corporate Presentation... Accelerating Transformation into Digico (Digital Company)
[Asia Economy Reporter Park Soyeon] On the 21st, KT held the 'KT Corporate Day' to share its management performance over the past year and future growth plans.
CEO Koo Hyun-mo stated at the event, "KT achieved significant results with double-digit growth in operating profit as B2B and platform businesses showed steady sales in the first quarter."
For the first quarter on a consolidated basis, KT recorded sales of 6.0294 trillion KRW and operating profit of 444.2 billion KRW, representing increases of 3.4% and 15.4% respectively compared to the same period last year.
CEO Koo noted, "Growth in the digital platform (Digico) sector stood out," adding, "Sales in B2B areas such as cloud, data centers, and security grew approximately 13% year-on-year." Sales from IPTV, payment/authentication, and content markets increased by about 21% compared to the same period last year.
He identified the 'media content' business as a core pillar of the KT Digico roadmap. KT secured 13 million paid broadcasting subscribers and media capabilities through Korea's number one media platform businesses, including IPTV and satellite broadcasting (Skylife).
Based on this, KT plans to establish a content-specialized corporation, 'KT Studio Genie,' to build a media value chain spanning investment, planning, production, and distribution. In particular, the combined media platform business of KT and KT Skylife, along with content subsidiaries such as Genie Music, KTH, and Nasmedia, have shown steep annual growth in KT Group's media and content sales.
Hot Picks Today
"Now Our Salaries Are 10 Million Won a Month" Record High... Semiconductor Boom Drives Performance Bonuses at Major Electronic Component Firms
- 'Still Hesitant? If You're Wondering Whether KOSPI Will Rise, This Is the Number You Must Watch [Weekend Money]'
- "Heading for 2 Million Won": The Company the Securities Industry Says Not to Doubt [Weekend Money]
- Samsung Life Stock Depends More on Samsung Electronics Than Insurance? [Weekend Money]
- Is It Really Like an Illness? "I Can't Wait to Go Again"—Over 1 Million Visited in Q1, Now 'Busanbyeong' Takes Hold [K-Holic]
Another pillar of the KT Digico roadmap is finance. KT holds a 70% stake in BC Card, which in turn holds a 34% stake in K Bank. K Bank has expanded partnerships and offers differentiated benefits such as apartment mortgage loans, surpassing 13 trillion KRW in deposits and 5.84 million customers as of the 16th. Additional equity investments are planned within the year.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
