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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.

Telecommunications & Media

KT Studio Genie, CJ CGV sign MOU for joint content procurement

KT Studio Genie said on Monday it signed a memorandum of understanding with CJ CGV to jointly procure content linking exclusive theatrical releases with distribution of additional rights. The partnership aims to expand screening opportunities for films that are difficult to release on a large scale. The companies will split roles from an early stage to reduce investment risk, with KT Studio Genie handling IPTV and OTT rights distribution and CJ CGV managing releases and marketing.