KT's Russian IDC corporation withdraws after a year
This article is translated by AI company Flitto and Alhpa Biz neural machine translation technology
김지선
stockmk2020@alphabiz.co.kr | 2023-05-01 04:28:47
[Alpha Biz=(Chicago) Reporter Kim Jisun] KT withdrew from the Russian Internet Data Center (IDC) in the aftermath of the war between Russia and Ukraine. However, KT explained that it is not the liquidation of all corporations that have entered Russia.
According to the industry on April 30, KT recently reported the liquidation of KT Primorye IDC corporation to the Russian authorities.
Earlier last year, KT signed a memorandum of understanding (MOU) with Russian telecommunications company Mobile Tele Systems (MTS) to enter the Russian market and agreed to jointly build a local IDC.
In May of the same year, KT established a corporation in Maritime Province, Russia, to take charge of the IDC business. However, the war between Russia and Ukraine has made it difficult to carry out the project, and it has been reported that the liquidation process has begun in about a year.
[ⓒ AlphaBIZ. 무단전재-재배포 금지]
많이 본 기사
- 1NH Investment & Securities Cuts NAVER Target Price to KRW 320,000, Maintains ‘Buy’ on AI Growth Outlook
- 2Korean Air and LCC Affiliates Enter Emergency Management as Fuel Costs Surge Amid Middle East Conflict
- 3Lotte Group to Launch KRW 50 Trillion Real Estate Development Push to Tackle Liquidity Pressures
- 4Amazon Web Services to Invest KRW 7 Trillion More in Korea by 2031, Expanding AI Infrastructure
- 5Daesang Executive Arrested in KRW 10 Trillion Sweetener Price-Fixing Probe; CEOs Avoid Detention
- 6China Vanke Posts Record Loss as Property Slump Deepens Financial Strain