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Telecommunications & Media

Baeh Kyung-hoon says telecoms must transform into AI companies as top 3 expand investment

SK Telecom, KT and LG Uplus will work with the government to expand next-generation network investment to respond to the AI era and form a public-private consultative body to discuss investment and telecoms regulatory improvements. Deputy Prime Minister and Science Minister Baeh Kyung-hoon said telecoms should transform into AI infrastructure and platform companies. The ministry plans a comprehensive policy package, while the carriers will expand membership benefits and provide temporary plan perks for youth and vulnerable groups.

Finance

IBK Industrial Bank of Korea reorganises for second half, strengthens policy finance and AX

IBK Industrial Bank of Korea has carried out an organisational reshuffle and regular personnel appointments for the second half of 2026. It created a new department dedicated to productive and inclusive finance and expanded policy finance functions by enlarging a policy-project organisation within its investment division. The bank also expanded AX-related structures, reorganised its digital group into an AX strategy group and set up a control tower for AI strategy and execution.

Telecommunications & Media

KT expands 5G work network hub service to public sector, applies to Gyeonggi provincial office

KT said on Sunday it has upgraded its 5G work network into a hub-based service to support flexible work environments for public-sector customers. The solution replaces wired 업무 infrastructure with a security-enhanced 5G wireless network that can apply an organisation’s internal security policies and be used without installing software. KT applied the model to the Gyeonggi provincial office, building key equipment at its data centre and opening linked networks for seven local governments.