KT Signs Business Agreement with LG Chem to Establish Eco-Friendly Rental Device Production System

(From left) President Jong-wook Park, Head of KT Management Planning Division; Vice President Cheol Nam, LG Chem; CEO Dong-yeon Lim, Gaon Media; CEO Yong-gyu Park, Marsys; President Cheol-soo Kim, KT Skylife; President Ki-seop Hong, HCN, and others are posing for a commemorative photo after signing the Memorandum of Understanding (MOU) for the Establishment of an Eco-friendly Rental Device Production System at Novotel Ambassador Seoul Dongdaemun on the 27th.

[Asia Economy Reporter Lim Hye-sun] On the 27th, KT announced on the 28th that it signed a Memorandum of Understanding (MOU) for the establishment of an eco-friendly rental device production system at Novotel Ambassador Seoul Dongdaemun, together with LG Chem, Gaon Media, Marsys, KT Skylife, and HCN. Through this agreement, each company will mutually cooperate to establish an eco-friendly set-top box production system and expand the application of eco-friendly materials to communication-related terminal devices such as modems.

KT plans to complete a virtuous cycle process by extracting eco-friendly raw materials through LG Chem's recycling process from approximately 300 tons of plastic waste generated annually from set-top boxes and other devices within the KT Group, and reproducing and spreading eco-friendly devices together with its partners.

KT will first produce about 10,000 eco-friendly set-top boxes among the Genie TV set-top box A units scheduled for production this year. In addition, from next year, production will be significantly expanded to supply about 5 million eco-friendly terminal devices annually, with plans to apply more than 20 million units by 2027.

Park Jong-wook, President of KT's Management Planning Division, said, "The establishment of this eco-friendly terminal device production system is meaningful as an ESG activity carried out together with our partners."

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