Korea Telecom earnings surged to record levels as the company posted its highest-ever quarterly operating profit. Strong mobile subscriber growth and successful property projects fueled this performance. The company also benefited from shifting market dynamics after a major rival’s cyberattack.
Operating profit reached 1.01 trillion won, more than doubling from a year earlier. Revenue climbed to 7.43 trillion won, while net profit jumped to 733.3 billion won. These figures mark the strongest results in the company’s history, reflecting robust growth across its core and subsidiary businesses.
The mobile division continued to drive Korea Telecom earnings growth. Mobile revenue increased to 1.78 trillion won, supported by a sharp rise in 5G subscribers. The company attracted new users following a data breach at SK Telecom, which prompted many customers to switch carriers.
By the end of the period, mobile subscribers reached 27.49 million. This represented an increase of 2.59 million from the previous year and 1.05 million from the prior quarter. The expansion highlighted the company’s ability to capture market share quickly during competitive shifts.
The fixed-line division also added to Korea Telecom earnings strength. High-speed internet subscribers hit 10 million, driving related revenue up by 2.1 percent. Fixed-line business revenue grew by 1.4 percent, reflecting steady demand despite a mature market.
Subsidiary performance further boosted results. KT Estate, the company’s property arm, grew revenue by 2 percent on higher demand for office and hotel space. The Eastpole mixed-use redevelopment in eastern Seoul also contributed to the profit increase.
KT Cloud, the company’s cloud service provider, posted a 23 percent jump in revenue. Rising demand for data center co-location services from global clients supported this growth. Additionally, AI cloud sales to corporate customers added momentum to the cloud division’s expansion.
Executives emphasized that the earnings surge resulted from consistent growth in telecommunications and strategic investments. The chief financial officer stated that the company will accelerate its transformation into an AICT provider. The focus will remain on sustainable growth while executing its value-up strategy without delays.
AICT combines artificial intelligence with communication technology, creating new opportunities for innovation and service offerings. This approach positions the company to strengthen competitiveness in both domestic and international markets. With a balanced portfolio and strong cash generation, management aims to maintain the upward earnings trajectory.
