-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, QY5JMV3mpT3V2Bxd7IydqsUrgDqWcJyri1YnG2vLmmhEfCVE5/7oy4WNu7DeICGO Fui+cj0oB3KVZ2Iam/zXxQ== 0001145549-09-000420.txt : 20090310 0001145549-09-000420.hdr.sgml : 20090310 20090310064004 ACCESSION NUMBER: 0001145549-09-000420 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20090310 FILED AS OF DATE: 20090310 DATE AS OF CHANGE: 20090310 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KT CORP CENTRAL INDEX KEY: 0000892450 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14926 FILM NUMBER: 09667744 BUSINESS ADDRESS: STREET 1: 206 JUNG TA DONG BUNN DONG GU CITY: SUNGNAM CITY KOREA STATE: M5 ZIP: 463711 BUSINESS PHONE: 82317270932 MAIL ADDRESS: STREET 1: 206 JUNG JA DONG BUNN DONG GU CITY: SUNGNAM CITY KOREA STATE: M5 ZIP: 463711 FORMER COMPANY: FORMER CONFORMED NAME: KOREA TELECOM CORP DATE OF NAME CHANGE: 19971006 FORMER COMPANY: FORMER CONFORMED NAME: KOREA TELECOM DATE OF NAME CHANGE: 19950130 6-K 1 h03175e6vk.htm FORM 6-K Form 6-K
 
 
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of March 2009
Commission File Number 1-14926
KT Corporation
(Translation of registrant’s name into English)
206 Jungja-dong
Bundang-gu, Sungnam
Kyunggi-do
463-711
Korea

(Address of principal executive offices)
     Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
     Form 20-F þ                 Form 40-F o
     Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o
     Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o
     Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
     Yes o                No þ
     If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-                
 
 

 


 

This Current Report on Form 6-K is being filed to be incorporated by reference into Registration Statement No. 333-156817 on Form F-4, effective February 19, 2009, relating to the merger proposal.
I. Results of the 27th Annual General Meeting of Shareholders
                                 
1. Approval of Financial Statements
(Unit: KRW Million, except for earnings per share)
The 27th Fiscal Year (Fiscal Year ended December 31, 2008)
— Total Assets
  18,684,922       — Revenues       11,784,835  
— Total liabilities
  9,853,033       — Operating income       1,113,389  
— Capital stock
  1,560,998       — Net income       449,810  
— Total Stockholders’ Equity
  8,831,889       * Basic earnings per share (KRW)   2,217  
* Audit Opinion
              Unqualified        
2. Approval of Dividends
                               
Regular cash dividend per share (KRW)
  1,120                
Total cash dividends (KRW)
              226,279,531,520                
Dividend ratio to market value
              2.9%                
3. Status of Directors (as of the date of appointment)
A. Approval of Appointment of Directors       — Two (2) standing directors(Sang Hoon Lee, Hyun-Myung Pyo)  
 
              — Three (3) independent and non-executive directors (Choon Ho Lee, E. Han Kim, Jeung Soo Huh) (including one (1) independent and non-executive who will serve as member of the Audit Committee - E. Han Kim)  
B. Number of Outside
  Total number of directors   11  
Directors Following   Number of outside directors   8  
Appointment
  Percentage of outside directors (%)   72.7%  
C. Number of Auditors
  Standing auditors    
Following Appointment
  Non-standing auditor    
D. Number of Members of Audit Committee Following   Number of members of Audit Committee who are outside directors   4  
Appointment 
  Number of members of Audit Committee who are standing directors   0  

 


 

                                 
4. Details of Other Resolutions
  Agenda Item No. 1. Approval of Financial Statements: approved as originally proposed.  
 
                               
 
  Agenda Item No. 2. Election of Directors: approved as originally proposed
 
                               
 
  Agenda Item No. 3. Election of member of Audit Committee : approved as originally proposed  
 
                               
 
  Agenda Item No. 4. Approval of Limit on Remuneration of Directors: approved as originally proposed  
 
5. Date of Annual General Meeting of Shareholders
March 6, 2009
Details Relating to Elected Directors
                             
Name   Date of Birth   Term   Whether Newly   Prior Work   Current Position   Education   Nationality
            Elected   Experience            
 
Sang Hoon Lee
  January 24, 1955   1 year   Newly elected   Executive Vice
President, Research
& Development
Group, KT

Vice President,
Telecommunication
Networks
Laboratory, KT

Managing Director,
Network
Architecture
Research Division,
Telecommunication
Networks
Laboratory, KT
  Head of Enterprise Customer Group (Senior Executive Vice President)   Ph.D. in electrical engineering from University of Pennsylvania, Philadelphia, U.S.A.   Korea
 
Hyun-Myung Pyo
  October 21, 1958   1 year   Newly elected   Head of WiBro Business Group, KT

Head of Marketing Group, KTF

Head of Planning & Coordination Office, KTF
  Head of Corporate Center(Executive Vice President)   Ph.D. in electrical engineering from Korea University   Korea

 


 

Details Relating to Elected Independent and Outside Director:
                             
Name   Date of Birth   Term   Whether Newly   Prior Work   Current Position   Education   Nationality
            Elected   Experience            
 
Choon Ho Lee
  July 22, 1945   3 years   Newly-elected   Member of the Advisory Committee to the Ministry of Gender Equality

Director, Korean Broadcasting System

Director, Seoul Cultural Foundation
  Visiting professor, Political Science and International Relations, Inha University   Ph.D. in Education from Inha University   Korea
 
E. Han Kim
  May 27, 1946   3 years   Newly-elected   Independent Director/ Chairman of Board, POSCO

Advisor, World Bank

Director, East Asia Management Development Center

Independent Director Hana Bank
  Endowed Chair Professor and Director of Financial Research Center, University of Michigan   Ph.D. in Finance, State University of New York at Buffalo   USA
 
Jeung Soo Huh
  June 10, 1960   3 years   Newly-elected   Dean of International Affairs, Kyungpook National University

Publication Committee, Korean Materials and Metals

Visiting Professor, University of Manchester Institute of Science and Technology, UK
  Professor, Dept of Materials Science and Metallurgy, Kyungpook National University, Korea   Ph. D. in Materials Science and Engineering, M.I.T., USA   Korea

 


 

Details Relating to Election of Audit Committee Member:
                                 
Name   Date of Birth   Term   Whether Newly   Whether Independent   Prior Work   Current Position   Education   Nationality
            Elected   and Non-Executive   Experience            
                Director                
 
E. Han Kim
  May 27, 1946   3 years   Newly-elected   Independent and Non-Executive Director member of the audit committee   Independent Director/ Chairman of Board, POSCO

Advisor, World Bank

Director, East Asia Management Development Center

Independent Director Hana Bank
  Endowed Chair Professor and Director of Financial Research Center, University of Michigan   Korea   USA
II. Change in Ownership of Principal Shareholder
Please be advised of a change in the number of common shares owned by one of the major shareholders of KT Corporation (the “Company”) and KT treasury shares. The change was due to the disposal of treasury shares to make long-term incentive payments to directors:
1. Details of Change
                                         
                            No. of shares    
Shareholder   Date of change   Reason of change   Shares before change   changed   Shares after change
 
KT Corporation (treasury shares)
  March 3, 2009   Disposal of treasury shares     71,500,404       -2,594       71,497,810  
2. Details of Principal Shareholders
                 
            Percent of issued shares
Shareholder   Shares owned   (%)
 
National Pension Service
    18,028,759       6.59  
KT Corporation (treasury shares)
    71,497,810       26.14  

 


 

III. Retirement of Shares
A. Number and class of shares to be retired
1. Common shares : 13,124,000
B. Total number of issued shares : 273,535,700 common shares
C. Par value per share (Won) : 5,000
D. Aggregate amount of shares scheduled to be repurchased for retirement (Won) : 500,024,400,000
E. Scheduled period of share repurchase for retirement : From March 10, 2009 to June 9, 2009
F. Method of share repurchase : market purchase
G. Securities firms designated to repurchase shares to be retired : Woori Investments, Samsung Securities, Korea Investment&Securities, Good Morning Shinhan Securities, Mirae Asset Securities
H. Date of board resolution : March 6, 2009
I. Attendance of Outside Directors : eight
J. Attendance of Audit Committee Member : present
K. Other matters to be considered
a) Aggregate amount of shares scheduled to be repurchased for retirement: The aggregate amount is calculated assuming Won 38,100 per share, the closing price of the shares on March 5, 2009, and is therefore subject to change.
b) Scheduled date of share retirement: The shares are scheduled to be retired promptly after completion of the share repurchase.
c) Daily order limit: 1,312,400 shares

 


 

SIGNATURES
     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
         
 
  Dated: March 10, 2009
KT Corporation
 
 
  By:   /s/ Thomas Bum Joon Kim    
  Name:   Thomas Bum Joon Kim   
  Title:   Managing Director   
 
     
  By:   /s/ Young Jin Kim    
  Name:   Young Jin Kim   
  Title:   Director   
 

 

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