KT Cloud is speeding up its efforts to attract investment. Preliminary bidding will be conducted as early as early as September and funds for growth will be raised. It aims to expand domestic data center businesses, promote new cloud businesses, and accelerate global business expansion. It is also expected that it will evolve into a full stack artificial intelligence (AI) business that has competitiveness in both ‘IaaS’ and ‘SaaS’.

According to the investment banking (IB) industry on the 26th, Credit Suisse (CS), an advisory firm to attract investment in KT Cloud, will hold a preliminary bid as early as early as September. New shares issued by KT Cloud are subject to transaction. Its stake is up to 20 percentage is 20 percent. According to the teaser letter (investment guide) sent by CS to investors, investors with business synergy that can support KT Cloud’s data center and cloud business’s long-term growth are targeted.

In April, KT Cloud, a new corporation, was launched through KT’s physical division. This is through in-kind investment worth 1.6 trillion won and cash investment worth 150 billion won. KT is known to evaluate KT Cloud’s EV value of more than 4 trillion won.

KT Cloud is largely divided into data center and cloud (virtual server) sectors. As of 2021, data center sales were 339.5 billion won and cloud sales were 116.4 billion won. It is worth 455.9 billion won in total.

Internet Data Center (IDC) has the largest market share based on sales of 41%. It is followed by 33% of LG U+ and 15% of SK Broadband. It operates data centers in Yeouido, Gangnam, Namgu-ro, and Bundang as well as two Yongsan IDC and Mokdong IDC.

The cloud sector is the dominant business operator in the cloud conversion business of domestic public institutions. It is focusing on services for customers in the public sector, which are difficult for global CSPs (cloud service providers) to enter.

It is also expected that R&D (R&D) and sales capabilities will be maximized through strategic partnerships with KT.