KT CEO Park Yoon-young stated that he is contemplating the integration of the company's media subsidiaries.
On July 23, Park spoke with reporters after a meeting with the Ministry of Science and ICT and the CEOs of the three major telecommunications companies at SK Telecom's T Tower in Seoul. He noted, "The times are changing, and we are considering this matter," adding that no specific decisions have been made.
Earlier, there were speculations that Park was reviewing the integration of KT's media subsidiaries, including Genie Music and Millie's Library.
Park also expressed caution regarding the potential merger of Tving and Wave. Concerns have been raised that KT Studio Genie, a major shareholder, has not agreed to the merger.
In response, Park said, "We have not received any official requests," and emphasized the need to evaluate what position would benefit the industry, the company, and its partners, given the changing content market.
Regarding Edge AI, Park highlighted the importance of infrastructure, stating, "KT has 3,500 local offices, which can be utilized as advanced data centers, or Edge AI." He added, "We will be the first to participate when the government launches pilot projects."
* This article has been translated by AI.
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