Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Australian Scandium Project Backed by Richard Friedland Poised to Support U.S. Critical Minerals Stockpile 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Oil Prices Slip as U.S.–Iran Talks Ease Supply Disruption Fears 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns 
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
