B2B Expert and Co-CEO Park Yoon-young, Former Head of KT Enterprise Division

Analysis of KT's Next CEO Candidates
Creative and Challenging... Gentle Leadership

[Asia Economy Reporter Oh Su-yeon] Park Yoon-young, former head of KT's Enterprise Division (President), is regarded as a B2B expert who originated from KT engineers. He was a leading candidate for the CEO position in 2019, ultimately competing with CEO Koo Hyun-mo. For the following year, he co-led KT alongside CEO Koo as a two-top leadership.

Born in 1962, Park graduated from Seoul National University with a degree in Civil Engineering and completed his master's and doctoral degrees at the same university's graduate school. He joined Korea Telecom in 1992 and subsequently held positions such as Head of Future Business Development and Head of Enterprise Business Consulting. At the time of his appointment as CEO in 2019, he reportedly received the highest scores among all candidates in both document screening and interviews. However, CEO Koo was ultimately selected by unanimous decision.

Yunyoung Park, Former Head of KT Enterprise Division

In the early days of CEO Koo Hyun-mo's tenure, Park served as a co-president, jointly leading KT. At that time, he was the head of the Enterprise Division, which integrated the Enterprise Business Division and Global Business Division, spearheading key new businesses such as big data and cloud services. During Park’s tenure, the KT Enterprise brand was also launched. He left KT in 2020.

Park’s strength lies in being a B2B expert. Although the majority of telecom companies’ revenues still come from traditional wired and wireless businesses, the domestic telecom market has long reached saturation. Accordingly, under CEO Koo Hyun-mo’s leadership, KT has declared its transformation from a telecom company to a 'Digico (Digital Platform Company)' and accelerated digital transformation (DX) and the fostering of new B2B businesses. This is not unique to KT; competitors such as SK Telecom and LG Uplus are also striving to discover non-telecom new businesses.

In this context, Park’s expertise can play a pivotal role in discovering KT’s future growth engines. He has been evaluated as creative and bold in driving business initiatives. Should Park become KT’s new top leader, he could secure a favorable position in securing future growth momentum. His gentle leadership style and strong trust within the company are also among his advantages.

Although he worked at KT until relatively recently in 2020, compared to current executives such as Yoon Kyung-rim, Head of Group Transformation Division, and Shin Soo-jung, Head of Enterprise Division, Park has been away from the telecom industry for a considerable period. Given the rapid changes in the Information and Communication Technology (ICT) industry, this distance from active work is considered a drawback.

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