Announcement of operational plans to support global expansion of SME partner companies

KT announced that it held the general meeting of the '2018 First Half Global Business Council' at KT Square in Jongno-gu, Seoul, with approximately 170 attendees including KT executives and employees, such as President Koo Hyun-mo, Head of Management Planning, and Vice President Yoon Kyung-rim, Head of Global Business Promotion, as well as executives and employees from about 70 partner companies.

KT launched the 'Global Business Council' in November 2017 to support the global expansion of small and medium-sized partner companies, and holds regular general meetings twice a year in the first and second halves. The KT Global Business Council includes KT partner companies that are interested in expanding overseas.

At this event, KT shared its current global business status and market penetration strategies, and explained the operational plan for the consultative body. In addition, various support programs designed to assist small and medium-sized partner companies in their global expansion were introduced. Furthermore, the general meeting featured presentations of business proposals for overseas market entry by five partner companies in fields such as IoT and security.

In addition, KT continues to pursue joint market entry for items from approximately 30 partner companies that have proposed global commercialization. Furthermore, outstanding partners are planned to be awarded at the '2018 Partners Day' scheduled to be held in the second half of the year.

Starting with this general meeting, a consultation channel for overseas business proposals between KT and small and medium-sized partner companies will be established, creating a 1:1 communication channel for practical consultations with partners on an ad hoc basis, in addition to regular general meetings. KT plans to continuously accelerate business development with partner companies, rather than treating it as a simple one-time event.

KT President Koo Hyun-mo, Head of Management Planning, said, “In order to achieve KT’s vision of becoming ‘Global No. 1,’ collaboration with small and medium-sized enterprises and venture companies possessing excellent technology is absolutely necessary,” adding, “We will continue to pursue joint overseas expansion through consistent communication and collaboration with our partners.”