KT Collaborates with Kolon FnC on Fashion Digital Transformation and New ESG Business Initiatives

On the 6th, at the Kolon FnC headquarters building in Gangnam-gu, Seoul, KT Division Head Shin Su-jeong (left) and Kolon FnC CEO Yoo Seok-jin are posing for a commemorative photo during the business agreement ceremony.

[Asia Economy Reporter Lim Hye-sun] KT announced on the 7th that it will promote new business cooperation in digital transformation (DX) and ESG in the fashion market with Kolon FnC. On the 6th, the two companies signed a memorandum of understanding (MOU) focusing on this at Kolon FnC's headquarters building in Gangnam-gu, Seoul.

Through this cooperation, KT and Kolon FnC plan to promote demonstration projects in information and communication technology (ICT) fields such as artificial intelligence (AI), big data, and cloud, collaborate on an open fashion platform business, cooperate on manufacturing DX and AI marketing, jointly develop business models such as AI inquiry centers and smart factory logistics, and pursue sustainable fashion DX cooperation as ESG fashion business partners.

In particular, KT will provide ICT capabilities such as AI, big data, cloud technology, and know-how, while Kolon FnC will play a role in joint development by applying DX to each business field and providing cooperation and reference sites in the ICT field.

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