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Telecommunications & Media

Park Yoon-young of KT says no decision on merging media affiliates

KT CEO Park Yoon-young (박윤영) said there has been no decision on integrating the company’s media affiliates, despite considering various options as circumstances change. He also said KT has not received any official request regarding a merger between Tving and Wavve, adding that any future request would be reviewed in light of market conditions and company interests. Park also outlined a “physical AI” plan and commented on an ongoing tax probe.

Telecommunications & Media

KT Q1 operating profit falls 29.9 percent on cost burden, seeks rebound with AX

KT posted first-quarter consolidated revenue of 6.78 trillion won and operating profit of 482.7 billion won, down 1.0 percent and 29.9 percent from a year earlier. It cited base effects from a one-off gain last year and higher costs, including a customer reward programme and some expenses linked to an incident. KT said growth in wireless and fixed-line services and expansion of its AI transformation business were positive signs, and it plans to step up AX initiatives.

Telecommunications & Media

KT first-quarter operating profit 482.7 billion won, down 29.9 percent year on year

KT posted first-quarter consolidated revenue of 6.78 trillion won and operating profit of 482.7 billion won, down 1.0 percent and 29.9 percent from a year earlier. The profit fell due to base effects from one-off gains last year, though improved results at KT Estate and content affiliates eased the decline. KT also announced shareholder return plans for 2026 to 2028, including a minimum annual dividend of 2,400 won per share in 2026.