KT sees new growth in content
By Kim Yoo-chul Telecommunications giant KT plans to widen its partnerships with technology startups and creative talent as it believes its future growth momentum will depend on its ability to build a content ecosystem for mobile Internet users. The country’s biggest broadband Internet provider and runner-up mobile carrier believes it is critical for the company to become more than just a seller of network access and have a larger role in content value, like Apple has with its immense network of iPhone and iPad customers. KT Chairman Lee Suk-chae Monday announced plans to create a 100 billion won fund to help small- and medium-sized businesses and content developers devoted in games, animated films and music over the next three years as the company accelerates its efforts to create its own content pool for mobile Internet devices. The company will gradually increase its investment in the fund. ``Individual content producers and small- and- medium-sized enterprises (SMEs) will use the fund. We will help them find business opportunities outside Korea if their content is c