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KT said Monday that it has partnered with Shinhan Bank to collaborate in new businesses, including artificial intelligence and platform services.
The telecom services provider said it will acquire a 2.1 percent stake in Shinhan for 437.5 billion won (US$366.9 million) next week to ensure a stable partnership between the two companies.
Under the partnership, KT and Shinhan Bank will kick off 23 projects in artificial intelligence, non-fungible tokens, the metaverse and platforms among others.
The two companies also plan to cooperate in fostering new digital finance services, including developing an AI call center operator specializing in finance.
KT said it ultimately seeks to enter the global platform market through a successful partnership. (Yonhap)
