KT to launch 'Token Factory' and 'Stablecoin' businesses

South Korean telecommunications giant KT plans to fully launch its new growth businesses, "Token Factory" and "Stablecoin," leveraging its existing capabilities and assets, NoCut News reported. The company intends to combine its expertise across the entire value chain—from issuance, custody, and settlement to network transmission and real-world ecosystem integration—by utilizing its proprietary network and security infrastructure. This initiative was unveiled by KT CEO Park Yoon-young during his first press conference since taking office as part of a key strategy to transform the company into an "AX Platform Company." As part of this push, KT plans to invest a total of approximately 12 trillion won ($8.7 billion) in information security, IT, and network sectors over the next three years.