TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
Novo Nordisk Warns of Profit Decline as Wegovy Faces U.S. Price Pressure and Rising Competition 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Australian Scandium Project Backed by Richard Friedland Poised to Support U.S. Critical Minerals Stockpile 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
Australia’s December Trade Surplus Expands but Falls Short of Expectations 
Asian Markets Wobble as AI Fears Rattle Stocks, Oil and Gold Rebound 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Australia’s Corporate Regulator Urges Pension Funds to Boost Technology Investment as Industry Grows 
KT Corp., one of the leading telecom companies in South Korea, purchased a 100% stake in Epsilon, a London headquartered data firm. The former announced on Thursday, Sept. 9, that the deal is worth ₩170 billion or around $145 million.
KT Corp. acquired Epsilon to fulfill its goal of expanding its venture to other fields other than the traditional mobile business. Its investments today are all for the company’s anticipated future growth in various areas.
Moreover, The Korea Herald reported that a senior executive at KT said that this is only the beginning of their plan to transform and become a major firm in the global data market. The Korean firm is also targeting another acquisition and this time for an IT solution provider to further bolster its competitiveness in this line of biz.
“Epsilon is neither too large nor too small, but it owns outstanding technological prowess and solid global data infrastructure essential to KT’s plan to become a digital company,” KT’s global business planning department’s vice president, Park Se Zoo, said in an interview. “This is a growth opportunity not only for us but also for our customers as we see this as a good opportunity to help Korean companies do their businesses without connectivity difficulties in other countries, contributing to a broader goal of achieving digital transformation for all.”
At any rate, as per The Korea Economic Daily, KT Corp is not buying Epsilon Global Communications Pte. Ltd. single-handedly but it is actually a joint investment acquisition with Daishin Private Equity (PE) under Daishin Securities.
They have bought Epsilon from Kuok Group, a large conglomerate in Malaysia. The data firm was established by Kuok in London in 2003, and it is now providing services to 41 cities in 20 countries. It is said to earn ₩60 billion annually.
Finally, The Korea Times stated that the acquisition will empower KT for the expansion of its global data infrastructure and eventually get more clients outside of Asia including Europe. The company is planning to reach more foreign customers through its newly acquired Epsilon that in turn has stronger brand power now due to the merger.
