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KT Corporation revealed its new investment plan for the company on Thursday, June 9. It will be investing a total of ₩27 trillion or around $21.5 billion to step up the growth of its telecommunication unit and other businesses, including mobility and digital healthcare.
As part of its plans, KT will also be hiring 28,000 new employees by the year 2026 to support its expansions. According to The Korea Times, the company will be using its new investment to focus on a telco network infrastructure which is a digital platform business called Digico, until 2026.
KT will take ₩12 trillion from the total investment amount and allot this to the telco business. The company is planning to build up the reliability of the network by creating another Disaster Recovery hub that was previously only centralized in Seoul.
With the new funding, KT will also boost its network stability by developing bypass routes for high-speed internet, wireless services, and internet protocol TV. Moreover, it will carry out research for 6G or sixth-generation network services to advance digital infrastructure.
"We will try to become a foundation for strengthening the competitiveness of the nation's core industries by actively investing in the future, fostering digital talent and creating jobs," KT Telecom's chief executive officer, Ku Hyeon Mo, said in a statement. "We will suggest visions for new businesses in various industrial areas and develop the ecosystem to establish ourselves as a leader in digital transformation."
KT will direct another ₩12 trillion for new business ventures, including cloud computing, artificial intelligence (AI), robots, and media and content. The firm will be expanding its AI tech-based contact center using its extensive experience in running the largest call center in the country.
Finally, KT will be conducting a talent development project for employees. It has already assisted around 1,000 employees in the big data, cloud computing, and AI divisions through the company's re-education programs.
KT Telecom currently employs 143,000 workers, and it will be adding 28,000 more over the next five years. This new job creation is one of its latest contributions to the country.
