Suk-Chae Lee currently serves as Chairman and CEO of KT Corporation Group, the largest telecommunications service provider in Korea.
Lee assumed the position in 2009, and immediately orchestrated the merger between KT and its mobile subsidiary unit, KTF. The end of 2009, his initiatives to introduce iPhone in Korea and to slash data tariffs by 88% at one stroke helped the advent of the mobile big-bang to Korea. He also helped the IPTV services to overcome early pessimism and become a rising contender in the pay TV industry by offering the IP & satellite hybrid TV.
Lee also directed various brand and business transformations, such as ‘olleh’ brand launching, anti-corruption practice, changes in HR system, and the flexible working environment. KT aims to become the ‘Global ICT Convergence Leader’ and continuously seeks for new business opportunities in non-telecommunication areas with the revenue goal of KRW 40 trillion (USD 34.2 billion) by 2015.
Lee’s innovative spirit was widely acknowledged when he was the recipient of IEEE Distinguished Industry Leader Award and KT was bestowed the DJSI Global Supersector Leader in 2011.
Dr. Lee’s professional career began in 1969, which stretched almost 30 years as a well-respected civil servant. Major positions include the Chief Secretary of Economic Affairs to the President, and the Minister of Information & Communication of Korea. Lee earned his Ph.D. in Economics, and a Master’s degree in Political Economy, both from Boston University. He received his Bachelor’s degree in Business Administration from Seoul National University.