KT CEO Koo Hyun-mo: "B2B Digital Transformation Just Beginning... Sharing KT's Know-how"

Koo Hyun-mo, CEO of KT

[Asia Economy Reporter Eunmo Koo] “The digital transformation (DX) of the business-to-business (B2B) market is just beginning, and greater changes will come in the future.”

KT CEO Koo Hyun-mo said in his welcoming remarks at the ‘Digital-X Summit 2021’ held online on the afternoon of the 16th, “Corporate DX is possible only when KT and customers share know-how and experience and develop it through collaboration,” adding, “I hope that amid the major paradigm shift called DX, we can find opportunities for innovation and growth with KT and improve business performance.”

Through the event, KT presented DX transformation strategies for B2B customers. Following the launch of the B2B brand ‘KT Enterprise’ in the second half of last year’s first summit, this second event introduced the B2B DX cases and achievements pursued so far.

CEO Koo said, “When we first held the event in October last year, we declared that KT is no longer a telecommunications company but a digital platform company (Digico),” and added, “You will be able to see the digital transformation cases created together by KT, client companies, and partners, as well as the actual innovative changes.”

Digital transformation refers to completely changing a company’s strategy, organization, processes, business models, culture, and systems based on digital technology. By applying digital technologies such as artificial intelligence (AI) and big data to traditional industries including manufacturing, it is possible not only to maximize efficiency and productivity but also to create new high value-added opportunities, making it a key task that determines the future survival of companies.

The global DX market is expected to grow at an average annual rate of 23%, reaching $2.3 trillion (approximately 2,600 trillion KRW) by 2023. According to market research firms such as IDC, the percentage of domestic companies planning to apply DX was only 20% in 2019 but is estimated to expand to 80% by 2023.

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