July 14, 2024

KT Business

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South Korean telco KT’s new CEO on priorities and strategy

2 min read

KT strategy – focus and priorities

While Kim ruled out a large-scale reshuffling this year, he did point to key areas where he planned to deliver a higher level of focus – namely on customers, expertise, sustainable growth, and a culture of unity.

Differentiated customer value – a mandate to address customer needs and pain points and strengthen the core telecom business while improving ICT competitiveness

Expertise – outlining the need for expertise, and especially in stable network operations, Kim urged a focus on key personnel with outstanding skills, whatever their age or position

Sustainable growth – to be achieved by boosting the fundamentals of the telecoms and ICT businesses and aiming for tangible results as opposed to “making moderate compromises to make numbers”

Culture of unity – Kim called for a culture of mutual respect and collaborative thinking, urging leaders not to be influenced by short-term gains and stressed the role of management in fostering such a culture

Who is Kim Young-Shub?

While Kim clearly has a lot on his plate, he is no stranger to corporate leadership or restructures.

Known for streamlining organisational structure and boosting efficiency, Kim has undertaken a number of company restructures and has extensive corporate management experience – not to mention IT expertise.

As the former CEO of LG CNS, the LG conglomerate’s IT services affiliate, for seven years, Kim significantly improved sales and operating profits and led the digital innovation ecosystem.  

He also served as CFO of LG Uplus.

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