KT Corporation (KRX:030200) said that it has yet to make a decision on a potential merger with subsidiary KT Cloud, adding that it was reviewing several options to boost the business competitiveness of its AI transformation (AX).
The clarification followed media reports about a proposed merger, KT said in a Monday filing with the Korea Exchange.
KT said it will provide an update once it makes a decision on the proposed merger or by April 22, 2027, whichever comes first.
Shares of the telecommunications firm fell nearly 1% in recent trade.
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