Target to achieve 10 trillion won in group sales (8.1% increase) and 500 billion won in operating profit (7.8% increase) in 2017.

KT held the '2017 First Half Group Management Strategy Day' on the 31st, attended by approximately 400 employees from KT and its group companies.

At the event, Chairman Hwang Chang-kyu expressed his ambition to “gather the capabilities of the KT Group to completely transform into a platform operator and leap forward as the No. 1 group in innovative technology leading the global market.”


At the event, the business directions of major group companies to implement KT Group’s five major platform strategies were announced. KTH President Oh Se-young stated, “Last year, we achieved sales of 198.7 billion won, breaking our record for the third consecutive year, and T-commerce recorded sales of 73.4 billion won, growing by approximately 78%.” He added, “As the representative media platform company of KT Group, we will provide differentiated services this year that combine commerce, ICT, and content.”

BC Card President Chae Jong-jin stated, "BC Card will overcome the limitations of its existing business through strategies such as expanding the mobile-first payment sector, and will spread the 'No. 1 financial DNA' as the group's flagship financial platform company." He added, "Regarding global expansion, we will successfully launch a local subsidiary in Indonesia this year and expand our fintech-based achievements to China, Vietnam, and other countries."

In addition, Chairman Hwang Chang-kyu stated, “KT Estate is an important group company engaged in a business that allows people to experience ICT tangibly 24 hours a day,” and ordered that KT Estate contribute its capabilities to the 'Smart Energy' platform business. Last year, KT Estate launched a rental housing business combined with cutting-edge ICT solutions such as smart energy, recording sales of 388.7 billion won—a 20% increase from the previous year—and an operating profit of 62.5 billion won—a 103% increase. This year, the company aims to achieve sales of 546.3 billion won, a 40% increase from last year. Based on this, it is challenging to achieve 10 trillion won in group sales and 500 billion won in operating profit this year, a first in KT’s history. Last year, the group’s business performance recorded sales of 9.26 trillion won and an operating profit of 430 billion won, marking growth of 2.5% and 18.9%, respectively, compared to 2015.

In his concluding remarks at the event, Chairman Hwang Chang-kyu stated that the changes and achievements of the past three years were the result of the efforts and passion of the group's employees, expressing gratitude to those who spearheaded the changes. He continued, “For KT Group, standing at a new starting point, to become the vanguard of innovation that enhances the competitiveness of all industries, the success of the five major platform businesses is paramount,” and urged employees to “once again rally the capabilities of all KT Group employees with communication, empowerment, and a fresh perspective.”