KT CEO Park Yoon-young gestures during a press conference on the company's artificial intelligence transformation business plans in Seoul, Monday. Yonhap
New KT CEO Park Yoon-young pledged Monday to invest 18 trillion won ($11.77 billion) into network security and artificial intelligence (AI) infrastructure, as part of his plan to rebrand the telecom operator as an AI transformation platform company.
Park said KT seeks to become an AI transformation platform company built on two core business pillars: its telecommunications business and AI business, which includes data centers, cable and AI transformation services.
“The network business is our foundation, and we have to make that foundation stronger so we can build the company's next stage of growth through AI transformation," Park said during a press conference in Seoul, his first since taking office in March.
“Our vision is built on two pillars: reinforcing our core business while driving the company's next phase of growth through AI transformation.
