KT Corporation is expanding its strategic partnership with Jasmine Group as part of efforts to explore growing business opportunities in the Southeast Asian and other global markets. In a latest of such efforts, KT signed a strategic collaboration agreement with Jasmine Telecom Systems (JTS) last week to develop a new internet data center (IDC) business in Thailand. JTS is the IDC business unit Jasmine Group.

Under the agreement, KT and JTS will prepare to enter Thailand's IDC market by late half of 2021 to provide high-quality services to global cloud service providers. The two strategic partners will share their knowledge and experience in IDC projects; develop financing strategies and new business models; propose IDC solutions to global cloud service providers; and undertake IDC-related cooperation for technology and solutions. The strategic partnership between KT and Jasmine Group has expanded based on their shared interest in the growth potential of Thailand's IDC market.

In March this year, KT signed a $19 million contract with Jasmine Group's another affiliate, 3BB TV Co., to provide commercial IPTV (Internet Protocol TV) service in Thailand.