# KT to acquire 10% stake in Hyundai Robotics for KRW 50 billion

KT Corp. announced it will acquire a 10% stake in Hyundai Robotics, the industrial robot arm of Hyundai Heavy Industries Group, for KRW 50 billion (US$41.4 million). The acquisition is part of a strategic partnership to enhance smart factory and robot solutions.

- Type: Acquisition
- Announced: 2020-06-16
- Where: Seoul, South Korea
- Value: $41.4M (50.0B KRW)
- Status: announced
- Products: industrial robots, smart factory solutions
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Hyundai Heavy Industries](https://endata.com/companies/1382.md) (investor)
- [Hyundai Robotics](https://endata.com/companies/36996.md) (target)
- [KT](https://endata.com/companies/38114.md) (acquirer)

## Sources

- [en.yna.co.kr](https://en.yna.co.kr/view/AEN20200616006251320), 2020-06-16: "KT Corp., a major South Korean telecommunications firm, on Tuesday said it will acquire a 10 percent stake in a robotics unit of shipbuilding giant Hyundai Heavy Industries Group to enhance its competitiveness in smart factory and robot solutions."
- [sec.gov](https://www.sec.gov/Archives/edgar/data/892450/000119312520169877/d947045d6k.htm), 2020-06-16: "Decision to Acquire Shares of Hyundai Robotics"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.