[Concall] KT "H2 AI Robot New Business... Accelerating IPOs Including K-Bank"

Content Subsidiary Studio Genie Also Aims for IPO

[Asia Economy Reporter Cha Min-young] Kim Young-jin, Chief Financial Officer (CFO), stated during the 2021 Q2 KT earnings conference call held on the afternoon of the 10th that "due to COVID-19, non-face-to-face and online culture have become widespread, and companies' demands for digital transformation have increased."

He added, "KT underwent a digital telco transformation last year and is currently reorganizing its portfolio, resulting in increased B2C and B2B technology demands," and said, "In the second half of this year, we will introduce many new businesses such as the AI Context Center and AI robots."

He continued, "Just as we restructured the content business around Studio Genie, we will continue to reform the group company system," emphasizing, "We will also actively promote the IPOs of group companies."

Currently, KT's financial subsidiary, K-Bank, is aiming for a public listing in 2023. Recently, it completed the capital increase task that had been ongoing since its launch, raising its paid-in capital to 2.1 trillion KRW.

CFO Kim Young-jin emphasized, "Studio Genie is also aiming for a successful IPO," and added, "This will enhance the core competitiveness of the group companies and establish a successful 'Digico (digital platform company).'"