Amid the explosive growth of the AI industry, South Korean mobile giant KT—formerly known as Korea Telecom—has asserted its position as a frontrunner in the sector, announcing its plan to invest $5.3 billion (7 trillion won) in AI service research and development over the next five years.

Aiming to eclipse the 1 trillion won ($764 million) mark in annual sales from AI businesses by 2025, KT seeks to secure future growth engines and strengthen its AI competitiveness.

At a press conference held at Novotel Ambassador Dongdaemun in Jung-gu, Seoul this week, KT disclosed its strategy for AI-driven robots, care, and education, along with AI contact centers and logistics business—all of which are customer-customized AI services.

“KT is Korea’s leading AI company, and we will establish ourselves as a customer-centered AI service provider by applying our experience, capabilities, infrastructure, and knowhow to the AI business,” said Song Jae-ho, vice president of KT’s AI/DX Convergence Business Division, according to an official report.

This vision includes the development of “super-giant AI technology” and new AI businesses, as well as substantial upgrades to its infrastructure. The company aims to bolster its AI technology capabilities and infrastructure to elevate the competitiveness of KT’s AI business.

KT isn’t alone in this race to dominate the AI industry. According to a recent report, the whole sector is projected to be worth a staggering
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Author: Jose Antonio Lanz

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