[Korea ohahreum financial newspaper reporter] KT and LG U + is screwing the Second United Front wiha surpass the industry leader SK Telecom. Last year, NB-IoT hand (narrowband Internet of Things) to build networks grabbed this time took the hand again to strengthen the music business platform.
KT Group company specializing in music services, KT Music "has approved the proposal to participate in blitz 15 days LG U + passing the 15% stake in the second largest shareholder, open the Board of Directors. KT Music should move on without changing the name to 'Genie music.
Music services tteuriryeo demolished the stronghold of SK Telecom, which runs the industry-leading 'melons' is also a public pool Chu Shi Biao.
The two companies explained, each consuming ▲ competition for building this partnership is to avoid ▲ beyond simple cooperation ttwigetda toward a goal of jointly captured the mean.
LG U + official said, "Now that era, not the era of competing with each other to raise their competitiveness and cooperation with each other."
Music Genie 2 Shareholders 'LG U +'
KT Music Board of the Council on the opening day, Samseong-dong, Gangnam-gu, Seoul headquarters, LG U + has to pass the final 15% (7379 shares) stake in 267 million. The third-party allocation of new shares 7379 shares issued by way of rights issue is the way in 3625 won per share.
Music is the largest shareholder of KT KT is a professional music and music distribution service of KT Group subsidiaries that have a stake of 49.99% (2 905 10 000 weeks). LG U + has been the fatter the second largest shareholder after the KT's 15 percent stake in KT Music This investment had secured one seat a total of nine Council seats.
With this mission in the 'KT Music "it voted to change the Articles of Incorporation to change the agenda as' Genie music. Corporate name change is scheduled to be voted at the shareholders' meeting 30 days.
◇ 'pincer' to prevent melons solo
KT through a strategic partnership with LG U + has gained a foothold in the "media platforms" business expansion, including the music business, KT Group, KT Music is explained that paved the way to becoming a music specialist domestic one .
KT is a bar in February, New Year's media strategy ▲ ▲ ▲ Smart Energy Enterprises ∙ enhance public value financial transactions in the workshop ▲ ▲ ∙ disaster safety, such as "five platforms" getdamyeo to grow in the future core business byeoreugo spiral.
KT-LG U + 3 -KT live music and promote cooperation in various areas, such as music content supply ∙ joint marketing. With YG and JYP agency, such as the SM, including participating as existing shareholders will also try to expand the variety of content development and commercialization.
Such cooperation is the Genie embark on our way VR (Virtual Reality), I noticed that Big Data ∙ expects existing services, such as advanced artificial intelligence also catch elasticity (AI, Artificial Intelligence) based curation service.
In addition, shareholders and actively promote the KT Music Artists agency co-marketing promotions content ∙ liver, it decided to establish a virtuous cycle through the kkoehagi and balanced development of the music industry.
In addition, three companies plan to spur new services to enhance customer satisfaction targets, KT and LG U + subscribers. The end of last year, KT ∙ LG U + wireless subscribers will reach 18.9 million in 1249, only names and each name.
LG U + is planning to introduce through this equity investment in a wide range of new services including music, 'Ginny' into the first half of this year. Music service platform has been provided in many cases been linked with carriers rather than offered as an independent service operators to take advantage marketing. As a result, LG U + are expected to lead to new revenue generation and customer satisfaction improved by excavation wide range of business models utilizing KT Music platform.
◇ 'Gini Music' is one such common goal crowned
Hwangchanggyu KT president "is more important than what the cooperation between enterprises and with superior technology and extensive business capabilities in seconds of the fourth round of industrial revolution" and "the two companies leading IoT to have (Internet of Things) technology, such as Genie group of KT AI said that such a combined capacity will showcase the services that customers can be satisfied. "
Bulletin of LG U + 'vice can provide a "communications Sagan consuming avoiding competition and decided this investment the end of the struggle to strengthen the national and international music business platform competitive," said "more innovative and differentiated for LG U + customers experience I'll showcase the music that platform, "he said.
In particular, these CEO, said, "There is simply beyond the business cooperation has great significance in that as co-investors, strengthen partnerships," then he is attracted to wear gwichu Dough attention.
Financial Daily Economic News FNTIMES - unauthorized reproduction for commercial purposes in accordance with the Copyright Act, No copying, distribution,
Copyright ⓒ Korea's financial newspaper & FNTIMES.com
