KT to invest W18tr in AI platform company transformation
Park Yoon-young, the CEO of KT Corp., speaks at a press conference held in Seoul on July 6. KT Corp., a South Korean telecommunications operator, said Monday...
- Center1
- Agency1
1 agency rewrite / co-publication detected
Summary
Park Yoon-young, the CEO of KT Corp., speaks at a press conference held in Seoul on July 6. (Yonhap) KT Corp., a South Korean telecommunications operator, said Monday it plans to invest around 18 trillion won ($11.8 billion) to turn into a platform company for artificial intelligence transformation. Under its "AX Platform Company" initiative, KT plans to inject 12 trillion won in the areas of cybersecurity, IT and networks over the next three years, he said. An additional 1 trillion won will be spent to add submarine cables with a capacity of more than 90 terabits per second, to address growing data traffic, it added.
Furthermore, "We will build on the solid growth of our core business as a telecom operator, so that Korea can emerge as a leading AI transformation, or AX, nation," KT said. Outside of AI, KT will begin the establishment of a token factory by combining the company's AI data centers with token optimization engines, while entering businesses related to stable coins. Park Yoon-young, the chief executive officer of the company, outlined the details of such plans at a press conference held in central Seoul, the first such event since his appointment to the position in March.
In addition, The company will invest 4 trillion won in revamping its cybersecurity capabilities under a zero-trust principle, as well as IT innovation.
Cross-referenced from 2 sources.
Factual coreconfirmed by several independent voices
Park Yoon-young, the CEO of KT Corp., speaks at a press conference held in Seoul on July 6. (Yonhap) KT Corp., a South Korean telecommunications operator, said Monday it plans to invest around 18 trillion won ($11.8 billion) to turn into a platform company for artificial intelligence transformation.
reliability low1/2 sourcesUnder its "AX Platform Company" initiative, KT plans to inject 12 trillion won in the areas of cybersecurity, IT and networks over the next three years, he said.
reliability low1/2 sourcesAn additional 1 trillion won will be spent to add submarine cables with a capacity of more than 90 terabits per second, to address growing data traffic, it added.
reliability low1/2 sources"We will build on the solid growth of our core business as a telecom operator, so that Korea can emerge as a leading AI transformation, or AX, nation," KT said.
reliability low1/2 sourcesOutside of AI, KT will begin the establishment of a token factory by combining the company's AI data centers with token optimization engines, while entering businesses related to stable coins.
reliability low1/2 sourcesPark Yoon-young, the chief executive officer of the company, outlined the details of such plans at a press conference held in central Seoul, the first such event since his appointment to the position in March.
reliability low1/2 sourcesThe company will invest 4 trillion won in revamping its cybersecurity capabilities under a zero-trust principle, as well as IT innovation.
reliability low1/2 sources
Disputedincompatible versions — to verify
No factual contradiction detected between sources.
Framing by sidesame fact, different words — loaded terms highlighted
No notable framing divergence.
Blind spotwhat one side keeps silent
No blind spot detected: every side covers the same facts.
Sources2 sources cross-checked
Center1
Agency1