KT to invest W18tr in AI platform company transformation

KT Corp., a South Korean telecommunications operator, said Monday it plans to invest around 18 trillion won ($11.8 billion) to turn into a platform company for artificial intelligence transformation.

Park Yoon-young, the chief executive officer of the company, outlined the details of such plans at a press conference held in central Seoul, the first such event since his appointment to the position in March.

Under its "AX Platform Company" initiative, KT plans to inject 12 trillion won in the area ...