KT partners with KIND for data center business expansion
South Korean telecom giant KT Corp. (KRX: 030200; NYSE: KT) has signed a partnership deal with the Korea Overseas Infrastructure & Urban Development Corp. (KIND) to collaborate on the global expansion of KT’s data center services and smart city efforts. The agreement entails joint data center projects, business information exchange, public-private partnerships, and business development and financing consultations.
The effort will see KT design data centers and create business plans as well as contribute product development and business operations management. KIND will focus on finding new demands for data centers in connection with its overseas projects, sharing such discoveries with KT, and assisting KT to attract investments.
"KT will leverage its diverse business achievements in the domestic market into expanding globally through cooperation with KIND," explained Park Yoon-Young, head of KT's Enterprise Business Development Unit. "Our partnership will help Korean businesses avail themselves of ICT resources as easily abroad as they do in the nation."
"KIND is entering the new business of building data centers by signing the MOU with KT," added Hur Kyong-Goo, CEO of KIND. "When our two companies cooperate, we will more effectively assist Korean businesses in achieving their global reach."
KIND is a government-funded corporation that assists Korean businesses in their overseas investment and development projects. KIND supports overseas infrastructure contracts, offers information and consulting services, and makes joint investments in public-private partnership projects.
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Stephen Hardy | Editorial Director and Associate Publisher, Lightwave
Stephen Hardy is editorial director and associate publisher of Lightwave and Broadband Technology Report, part of the Lighting & Technology Group at Endeavor Business Media. Stephen is responsible for establishing and executing editorial strategy across the both brands’ websites, email newsletters, events, and other information products. He has covered the fiber-optics space for more than 20 years, and communications and technology for more than 35 years. During his tenure, Lightwave has received awards from Folio: and the American Society of Business Press Editors (ASBPE) for editorial excellence. Prior to joining Lightwave in 1997, Stephen worked for Telecommunications magazine and the Journal of Electronic Defense.
Stephen has moderated panels at numerous events, including the Optica Executive Forum, ECOC, and SCTE Cable-Tec Expo. He also is program director for the Lightwave Innovation Reviews and the Diamond Technology Reviews.
He has written numerous articles in all aspects of optical communications and fiber-optic networks, including fiber to the home (FTTH), PON, optical components, DWDM, fiber cables, packet optical transport, optical transceivers, lasers, fiber optic testing, and more.
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