KT Targets Overseas Electronic Document Market... Partners with Global Companies

Strategic MOU Signed with 'Iron Mountain'
Exploring Entry into Asia-Pacific Market

KT is targeting the domestic and international electronic document markets by partnering with the global company Iron Mountain.

KT announced on the 20th that it has signed a strategic business agreement with Iron Mountain, a global document management outsourcing company.

On the 18th, at the business agreement ceremony held at KT Songpa Tower in Songpa-gu, Seoul, Song Jae-ho, Vice President and Head of KT AI/DX Convergence Business Division (7th from the left), and Joyce Hausien, Vice President and APAC Business Head of Iron Mountain (8th from the left), are taking a commemorative photo.

Iron Mountain is the number one global document management outsourcing company, operating in 54 countries.

The core of this agreement is to digitize the physical documents owned by Iron Mountain, store them on the KT platform, and explore overseas business opportunities in the long term.

Based on the domestic cooperation model, the two companies have agreed to jointly explore entry into the Asia-Pacific market, where the proportion of paper documents is relatively high.

Meanwhile, KT operates an integrated platform called 'KT Paperless,' which uses blockchain technology to 'create (contract) - distribute (registered delivery) - store (document storage)' electronic documents.

Small and medium-sized enterprises and small business owners can use electronic document services such as electronic contracts and electronic registration on a monthly subscription basis through KT Paperless without building a separate system.