Reshuffle at KT aims for stability
Compared to its massive restructuring early this year, which slashed 8,000 jobs and 30 percent of managers, the executive reshuffle was subtle.
By limiting the number of promotions to 24, KT sought stabilization rather than a shake-up.
KT said it changed only the heads of the management planning and management support teams.
Koo Hyun-mo, senior managing director, and Choi Il-sung, head of KT Estate, were promoted to vice president while Lee Moon-hwan, senior managing director, will head the management planning team.
Lee, who will be in charge of planning, enterprise clients and strategy, will revamp the group’s management system and play a critical role in improving KT’s performance in 2015.
Another managing director, Lee Dae-san, was named to head the management support team with responsibility for corporate culture and reconstructing the vocational education system to improve employee morale.
In the sales and marketing of wireless businesses, most executives maintained their positions. Lim Heon-moon, head of the customer division, and Nam Kyu-taek, head of marketing, will stay in their offices.
The Future Convergence Strategy Department, the group’s think tank, was expanded to become Future Convergence Business Promotion Department.
The team, which has been responsible for establishing strategy, will now be in charge of the five future convergence businesses KT is fostering: smart energy, security integration, next-generation media, health care and intelligent traffic control.
On the other hand, KT slimmed down the IT sectors, integrating IT businesses into one IT Planning Department while dismantling the Global & Enterprise team and merging it with the Corporate Sales Department.
Kim Ki-chul, current vice president of KT, will head the IT Planning Department and Shin Kyu-sik, another vice president, will lead the Corporate Sales Department.
However, as KT’s year-end reshuffling on Wednesday and Thursday was much quieter than expected, industry observers are watching for an additional announcement, possibly involving a third reorganization.
“As KT is still working on the reshuffling of assistant managing directors, the mobile carrier could announce it later today or tomorrow,” said a spokesman for KT.
As the assistant executives and assistant managing directors were not included in the reshuffling early this year, it is likely the company will change those positions.
In addition, there is speculation that some KT affiliates will be restructured as the chairman earlier said he would announce restructuring of affiliates at the end of the year.
Restructuring by the nation’s three main mobile carriers - SK Telecom, KT and LG U+ - indicated the companies aim to emphasize expansion overseas as they beefed up their global business teams.
SK Telecom also has announced it will move its business development team to the global business development division.
As the domestic mobile communications market becomes saturated, making it difficult for carriers to grow, SK Telecom plans to tap the overseas market with commerce platforms, while KT is emphasizing ICT convergence services.
BY KIM JUNG-YOON [firstname.lastname@example.org]