KT Corporation (KT) Q4 2018 Results - Earnings Call Transcript

Feb. 12, 2019 7:21 AM ETKT Corporation (KT)
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KT Corporation (NYSE:KT) Q4 2018 Earnings Conference Call February 12, 2019 1:00 AM ET

Company Participants

Seung-Hoon Chi - IRO

Kyung-keun Yoon - CFO

Conference Call Participants

Hoi Jae Kim - Daishin Securities

Operator

[Foreign Language] Good morning and good evening. First of all, thank you all for joining this conference call. And now we will begin the conference of the 2018 Fourth Quarter Earnings Results by KT. We would like to have welcoming remarks from Mr. Seung-Hoon Chi, KT, IRO, and then, Mr. Kyung-keun Yoon, CFO, will present earnings result and entertain your questions. Mr. Kyung-Keun Yoon, CFO, will present earnings result and entertain your questions as well. [Operator Instructions]

Now we would like to turn the conference over to Mr. Seung-Hoon Chi, KT, IRO.

Seung-Hoon Chi

[Foreign Language] Good afternoon, I'm Chi Seung-Hoon, KT's IRO. This earnings release call is currently being webcasted via our website, and you can follow the slides as you listen in on the call. Let us now begin KT's 2018 full year earnings presentation.

[Foreign Language] Please note that KT's earnings are based on consolidated financial statements under the IFRS standards. We will now begin with our CFO Kyung-keun Yoon opening remarks, followed by highlights on 2018 full year results, including Q4 figures.

Kyung-keun Yoon

[Foreign Language] Good afternoon, I'm Yoon Kyung-Keun, KT's CFO. Under difficult market backdrops characterized by mobile tariff cuts and fierce competition in the fixed-line market, KT was able to expand high-quality subscribers and implemented efficient marketing and investment, thereby generating stable earnings.

[Foreign Language] In Wireless business, we launched new rate plans, such as Data ON and Roaming On preemptively, which invited positive responses from many subscribers. We also introduced rate plans, specifically geared towards teens and 20s, called Y24 ON and Yteen ON and by offering useful membership benefits and data box service allowing

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