KT Alpha Establishes New Company for AI and DX Business Spin-off

[Asia Economy Reporter Lim Chun-han] KT Alpha announced on the 7th that its board of directors has resolved to spin off its AI·DX business division through a simple and physical division to establish a new company tentatively named Alpha DX Solution.

KT Alpha explained that it is promoting the establishment of the new company to focus its capabilities on the commerce business area and to establish a business structure for long-term growth. The new company plans to strengthen the competitiveness of core IT businesses through specialization in each business field based on information and communication technology (ICT), while enhancing management efficiency by enabling independent and swift decision-making.

KT Alpha will hold an extraordinary general meeting of shareholders on July 11 to finalize the division. The division date is set for September 1. A simple and physical division is a separation method where the parent company secures 100% of the shares of the newly established company, making it a subsidiary. The surviving company after the division, KT Alpha, will hold 100% of the shares of the newly established Alpha DX Solution.

KT Alpha will focus on the digital commerce business centered on T-commerce K Shopping and mobile gift certificates Giftishow, and will continue to strengthen competitiveness by concentrating on the content distribution business that distributes digital content across various platforms such as Internet TV (IPTV) and Over-The-Top (OTT) online video services.

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