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South Korea's KT Sees Digital Expansion, Cloud Unit IPO in Shift From Telecoms

  • Company aims to double sales from digital services by 2025
  • Shares of the South Korean telecom giant have outpaced rivals
Ku Hyeon-mo
Ku Hyeon-moPhotographer: Jean Chung/Bloomberg
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South Korea’s telecom giant KT Corp. aims to double its sales from digital-related services to $10 billion by 2025, betting that artificial intelligence and cloud operations can offset the regulatory and market headwinds facing its traditional business. 

The telecom service provider is also considering listing its cloud centers unit separately as part of the plan to transform into a digital platform company, chief executive officer Ku Hyeon-mo said in an interview Thursday. Sales from digital services was about $5 billion last year.