KT Skylife Executives Purchase Over 42,000 Shares of Company Stock "Increasing Shareholder Value"

"Transforming into a Comprehensive Media Content Platform"

[Asia Economy Reporter Cha Min-young] KT Skylife executives expressed confidence in boosting the stock price through their purchase of company shares, demonstrating their commitment to enhancing shareholder value and successfully transforming into a ‘comprehensive media content platform’.

On the 25th, Skylife announced that all executives purchased a total of 42,162 company shares. Following CEO Kim Cheol-soo’s purchase of 5,000 shares, the executive team joined in acquiring 37,162 shares.

After completing the acquisition of HCN last year, the company enhanced its platform competitiveness based on the success of original content from its subsidiary Skylife TV. Additionally, the practical TPS product, which combines satellite broadcasting with internet and mobile services, maintained a steady increase in subscribers, achieving 135,000 new mobile subscribers and 290,000 cumulative internet subscribers as of the end of last year.

This year, marking its 20th anniversary, Skylife is actively pursuing its transformation into a ‘comprehensive media content platform.’ On the 18th, Skylife signed a contract to acquire the broadcasting transmission division of Centralnet, a specialized broadcasting channel transmission company. Following the existing 21 channels, Skylife plans to expand its transmission business by adding 19 channels previously transmitted by Centralnet.

The planned relocation of the Baekseok Broadcasting Center in the second half of this year will further accelerate entry into content value chain areas such as PP transmission agency business, digital VFX studios, and content distribution. Synergies with HCN will also be fully realized this year. Based on the combined 5.12 million TV subscribers of both companies and 5 million self-subscribers (including internet and mobile, excluding OTS), Skylife intends to strengthen platform competitiveness.

Skylife TV’s original content such as ‘Steel Troops’ and ‘I am SOLO’ was a hit last year. Not only did video sales revenue increase, but advertising revenue also grew significantly, resulting in an operating profit of 13.1 billion KRW, surpassing 10 billion KRW in operating profit for the first time since its founding. Skylife plans to proceed with the initial public offering (IPO) of Skylife TV in the future. Together with HCN and Skylife TV, the company aims to surpass the 1 trillion KRW consolidated sales club and grow to 1.5 trillion KRW in sales by 2025.

The increased resources will be reinvested in content production. While further strengthening Skylife TV’s production capabilities through Studio&New and Studio Discovery, the company plans to roughly double its content investment compared to the previous year.

Kim Cheol-soo, CEO of Skylife, stated, “This purchase of company shares reflects the management’s confidence in successfully establishing ourselves as a comprehensive media content platform,” adding, “We will continue to work harder on responsible management with a shareholder-friendly attitude.”

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