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SK Hynix Overtakes Samsung as South Korea’s Most Valuable Company 
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
