Media Announces Five Platform Strategies, Including Smart Energy

KT Chairman Hwang Chang-gyu, whose reappointment was confirmed in March, is fostering the five major platform businesses as core businesses.

At the 2017 New Year Strategy Workshop held on the 3rd, Chairman Hwang Chang-gyu announced that KT would select media, smart energy, corporate and public value enhancement, financial transactions, and disaster and safety as its five major platforms and develop them into core future businesses.

The recent announcement of Chairman Hwang Chang-gyu's strategy, whose reappointment was confirmed, garnered much attention as it presented a blueprint for the "second management period."

Currently, KT's non-telecommunications business accounts for 10% of its sales. Chairman Hwang announced that he plans to increase this share to 20-30% in non-telecommunications businesses, including platforms and global businesses, by 2020. To this end, KT selected five major platforms: media, smart energy, corporate/public value enhancement, financial transactions, and disaster/safety.



"We will increase non-telecommunications sales to over 20% by 2020."

Chairman Hwang said, "KT's platform business is not just about following the methods of existing internet portals or mobile app operators," and that the goal is to provide services and solutions that individuals and businesses need by utilizing IPTV, big data, IoT, and cloud that KT possesses.

He also said that executives and employees need "new perspectives, new methods, and goals of a different dimension" to overcome growth limits, adding that "starting this year, we will focus on resolving environmental and safety issues to lead industrial innovation."

Chairman Hwang concluded his remarks by saying, “Over the past three years, we have sufficiently laid the foundation for challenges and leaps forward,” and “I will begin an enjoyable challenge together with you for KT’s great future.”