{Korea Telecom CEO Hwang Chang-gyu has revealed plans to review the company\u2019s projects across Africa and place greater focus on bolstering the firm\u2019s competitive edge in its domestic telecommunication market.}<\/p>\n
According to a Korea Times report, this review will likely result in the scaling down or scrapping of the company\u2019s activities in Rwanda and other countries on the continent.<\/p>\n
Under the leadership of outgoing Chairman Lee Suk-chae, Korea\u2019s second-largest mobile carrier signed an agreement in March 2013 to invest $140 million in Rwanda to build a fourth-generation (4G) mobile network that will serve 95 percent of the country\u2019s population.<\/p>\n
The investment, however, is being questioned as it takes quite a long time to generate profits. Since signing the agreement, the company has sought to expand its footprint in other countries including Kenya and Uganda. <\/p>\n
\u201cOne of the key priorities for the upcoming CEO is to recover KT\u2019s telecommunications-related business. Synergy will be maximized only after realizing business structures that can generate profit in a stable manner regardless of market situations,\u201d one KT official told Korea Times, adding moves are already under way to realign its overseas business projects.<\/p>\n
\u201cThe new CEO will re-examine our African business projects from a zero-base,\u201d he said. <\/p>\n
The review of the overseas projects comes on the back of KT officials feeling the pinch in its domestic market as its globalization efforts are seen to have sacrificed its competitiveness locally.<\/p>\n
\u201cThe outgoing CEO was busy following \u2018trendy business projects.\u2019 KT should set short-term, mid-term and long-term targets if it wants to earn results from overseas business projects that the company is involved in,\u201d said Chang Joon-hyuck, senior vice president at Atlas Research and Consulting.<\/p>\n","protected":false},"excerpt":{"rendered":"
{Korea Telecom CEO Hwang Chang-gyu has revealed plans to review the company\u2019s projects across Africa and place greater focus on bolstering the firm\u2019s competitive edge in its domestic telecommunication market.} According to a Korea Times report, this review will likely result in the scaling down or scrapping of the company\u2019s activities in Rwanda and other […]<\/p>\n","protected":false},"author":2,"featured_media":2000049837,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[75],"byline":[2290],"hashtag":[],"class_list":["post-12006","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-homenews","byline-itnewsafrica-com"],"bylines":[{"id":2290,"name":"itnewsafrica.com","slug":"itnewsafrica-com","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":null}],"contributors":[{"id":2290,"name":"itnewsafrica.com","slug":"itnewsafrica-com","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":null}],"featured_image":{"id":2000049837,"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton12006.jpg","alt":"","caption":"","mime_type":"image\/jpeg","width":0,"height":0,"sizes":{"thumbnail":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton12006.jpg","width":1,"height":1},"medium":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton12006.jpg","width":1,"height":1},"medium_large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton12006.jpg","width":1,"height":1},"large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton12006.jpg","width":1,"height":1},"full":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton12006.jpg","width":0,"height":0}}},"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/12006","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=12006"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/12006\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media\/2000049837"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=12006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=12006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=12006"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=12006"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=12006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}