KT to sell financial security unit for 59 mn for restructuring

KT Corporation, a South Korean telecommunications company, has announced its plans to sell its financial security unit for $59 million. This move is part of the company's restructuring efforts as it seeks to streamline its operations and focus more on its core business. The decision to divest this unit will enable KT to allocate more resources towards enhancing its telecommunications services and technology infrastructure. The sale of the financial security unit will also help KT reduce its debt and improve its financial position. Industry experts recommend investors to closely monitor KT's stock performance as it undergoes this restructuring process. To get a professional forecast on the movement of KT's stocks, investors are encouraged to consult with experts from Stocks Prognosis.