KT Corp. has joined hands with Igis Asset Management Co. at seeking internet data center (IDC) business opportunities in Uzbekistan.
Under the partnership, KT will provide its know-how and technology solutions while Igis Asset Management, the country's top real estate investor, will be raising funds and assessing business project feasibility.
The two sides will also explore IDC business opportunities in other countries.
KT, South Korea's leading telecommunications firm, expects promising IDC business opportunities in Uzbekistan after ascertaining the business environment following last year's demonstration service through East Telecom LLC.
KT's first-quarter net profit plunged to 226.6 billion won, down by 12.8 percent from the previous year. It attributed its first-quarter business results from decreased earnings of its credit card and hotel affiliates.


Rio Tinto Stock Jumps as Strong Earnings, Higher Dividend and AI Metal Demand Boost Outlook
Russia Charges Telegram Founder Pavel Durov With Facilitating Terrorism, Seeks International Arrest
Barclays Q2 Profit Beats Forecasts as Investment Banking Strength Offsets Higher Costs
GSK Unveils $2.52 Billion Cost-Cutting Plan to Accelerate Drug Pipeline
Zhongji Innolight Raises $6.8 Billion in Hong Kong IPO as AI Demand Fuels Growth
Sony Eyes $1.3 Billion Tamron Acquisition as Lens Maker Reviews Offer
Qualcomm Stock Falls as Weak Q4 Forecast, Apple Revenue Decline Overshadow AI Data Center Growth
Seagate Stock Jumps as AI-Fueled Earnings Beat and Strong FY2027 Outlook Impress Investors
X Challenges Australia’s Expanded Social Media Ban Enforcement Powers
Chipotle Q2 Earnings Beat Expectations as Sales Growth Drives Higher 2026 Outlook
Microsoft Stock Jumps as Azure Growth, AI Revenue Beat Expectations
Stellantis Sells Free2move Car-Sharing Business to Mutares to Strengthen Core Auto Strategy
SK Hynix Q2 Profit Hits Record as AI Memory Chip Demand Fuels Growth
BHP, Port Hedland Unions Fail to Reach Wage Deal as Negotiations Continue
Samsung Q2 Profit Surges on AI Memory Chip Demand, Forecasts Strong Second Half
TeamViewer Shares Fall Despite Profit Growth as ARR and Customer Base Decline
Meta Stock Drops After Earnings Miss as AI Spending and Legal Costs Weigh on Profit 



