KT KT Corporation

KT Corporation announced a compensation plan following a large-scale hacking incident, including penalty fee waivers, 100GB of extra data for six months, and OTT subscriptions, alongside a 1 trillion KRW investment in information security. Despite these measures, customer reactions have been largely negative, with many criticizing the offerings as insufficient or irrelevant for their usage patterns, particularly for unlimited data plan subscribers. The company is also launching an Information Security Innovation Task Force to prevent future occurrences, acknowledging the public's dissatisfaction.

KT Corporation is facing another cyberattack incident, this time at its subsidiary KT alpha, involving unauthorized payments for gift certificates. This comes just three months after a previous security breach at KT itself, leading to criticism that KT failed to adequately manage and supervise its subsidiaries. KT alpha has reported the incident to authorities, strengthened its security, and recommends users change their passwords to prevent further issues.

Samsung Electronics and KT Corporation have successfully validated AI-based radio access network (AI-RAN) optimization technology on KT’s commercial network. This marks the first successful demonstration of the technology on a live commercial network, confirming stable and uninterrupted service in real-world environments. This achievement accelerates the development of 6G technology, building on simulation-based verification completed earlier.

KT Corp. has selected long-time insider Park Yoon-young as its next CEO candidate, prioritizing continuity amidst security breaches and an AI-focused strategy. Park, who spent nearly three decades at KT, is seen as a consensus builder with a strong track record in digital transformation and B2B services. His immediate tasks include addressing hacking incidents and advancing KT's transition into an "AICT" company.

A director at KT has resigned from their position. The resignation is reportedly due to a Commercial Act violation.

Park Yoon-young, a 30-year KT veteran, has been named the new CEO candidate for KT, poised to address the aftermath of a hacking scandal and lead the company's AI business initiatives. His appointment follows a rigorous selection process, and he is expected to bring stability and a deep understanding of KT's operations to the role. Park's immediate challenges include implementing security measures, improving profitability, and accelerating the company's AI infrastructure and technology capabilities.