Deutsche Bank Upgrades Persimmon to Buy After Strong First-Half Results 
Yen Stabilizes After Intervention Slide as Australian Dollar Hits Eight-Week High 
Singapore Raises 2026 GDP Growth Forecast as AI Demand Fuels Economy 
ASX Faces Legal Action Over Failed Blockchain CHESS Project 
Paramount Weighs CNN Sale as $110B Warner Bros. Discovery Deal Faces Antitrust Fight 
Sanrio Shares Plunge as Q1 Profit Miss Overshadows Strong Sales 
Berkshire Hathaway Cash Falls as Abel Boosts Stock Buybacks 
Iran War Escalates as US, Houthis Target Ships Near Key Oil Routes 
Goldman Sachs Sees US Stock Buybacks Outpacing Equity Issuance as AI Funding Rises 
US Judge Dismisses Gautam Adani Criminal Charges 
Australia Housing Crisis Deepens as Worker Shortages Delay Homebuilding 
European Stocks Flat as Oil Prices Rise, US CPI in Focus 
Hims & Hers Shares Fall as GLP-1 Costs Widen Q2 Loss 
Sony, TSMC Eye $6.3 Billion Japan Chip Venture for Next-Gen Image Sensors 
Samsung, SK Hynix Shares Surge on Report of Potential Temasek Investment 
Asian Currencies Steady as Markets Await U.S. Inflation Data 
Nvidia Secures $500 Billion AI Infrastructure Push With Wall Street Giants 
KT Corp. announced the appointment of a new chief executive officer and named Kim Young Seob for the post. On Wednesday, Aug. 30, the South Korean telecom giant said the 64-year-old executive will lead the company following a leadership vacuum that has been ongoing for several months already.
The new KT chief turned out to be the former head of LG CNS. He was selected through voting that was held during the extraordinary general meeting this week. His arrival officially ended the leadership vacuum, where the management agreed that there were problems within the company that needed to be addressed.
With this, they must find the right person who can solve the issue/s, and with this in mind, they voted for Kim Young Seob as they see him as a leader who can fix the company. The new CEO immediately took responsibility and vowed to work on boosting KT's corporate value.
He also pledged to improve KT Corporation's position and grip in the IT service sector and other new businesses beyond the telecommunications unit. After being officially declared as the new CEO, he gave a brief speech at the company's HQ in Seongnam, Gyeonggi.
Korea Joongang Daily reported that Kim Young Seob started his career at Lucky Goldstar company, which is the predecessor of LG's LX International subsidiary. He joined the firm in 1984, shortly after graduating from Korea University.
In 2008, he led LG CNS' tech and solution units and became chief financial officer of LG Uplus in 2014. He was promoted to the CEO role in 2015 but retired last year. Meanwhile, his tenure at KT Corp. will end in March 2026.
"If we leap to become the best group of experts in ICT capabilities and make good use of the potential of the KT Group, growth will follow," Kim Young Seob said in a press release. "Let's build up sound energy for sustainable growth. As people are important and everything for a company's management and growth, we will do our best to innovate, grow, and share the joy of all KT talents together."
Photo by: KT Press Release
