0001193125-14-109065.txt : 20140321 0001193125-14-109065.hdr.sgml : 20140321 20140321061533 ACCESSION NUMBER: 0001193125-14-109065 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20140321 FILED AS OF DATE: 20140321 DATE AS OF CHANGE: 20140321 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: 14708221 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 d697499d6k.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 2014

Commission File Number 1-14926

 

 

KT Corporation

(Translation of registrant’s name into English)

 

 

90, Buljeong-ro,

Bundang-gu, Seongnam-si,

Gyeonggi-do,

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  x            Form 40-F  ¨

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):  ¨

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):  ¨

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  ¨            No   x

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-            

 

 

 


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 21, 2014
KT Corporation
By:  

/s/ Youngwoo Kim

Name:   Youngwoo Kim
Title:   Vice President
By:  

/s/ Jungsup Jung

Name:   Jungsup Jung
Title:   Team Leader


Results of the 32nd Annual General Meeting of Shareholders

 

1. Approval of Financial Statements

(Unit: KRW Million, except for earnings per share)

The 32nd Fiscal Year (Fiscal Year ended December 31, 2013)
Consolidated    - Total Assets   34,846,533    - Revenues   23,810,599
   - Total liabilities   21,981,623    - Operating income   839,343
   - Capital stock   1,564,499    - Net income   -60,251
   - Total Stockholders’ Equity   12,864,910    Basic earnings per share (KRW)   —  
kt separate    - Total Assets   25,693,894    - Revenues   17,937,079
   - Total liabilities   14,649,837    - Operating income   309,950
   - Capital stock   1,564,499    - Net income   -392,311
   - Total Stockholders’ Equity   11,044,057    Basic earnings per share (KRW)   —  
Audit Opinion   Consolidated      Unqualified  
     kt separate      Unqualified  
2. Resolution of Dividends
Type of dividend     Cash Dividend
Regular cash dividend per share (KRW)     800
Total cash dividends (KRW)     195,112,186,400
Dividend ratio to market value(%)     2.5
3. Status of Directors (as of the date of appointment)
A. Approval of Appointment of Directors  

Appointment of Directors

- Two (2) Inside Directors

: Hoon Han, Heon-Moon Lim

- Five (5) Outside Directors

: Jong-Gu Kim, Dae-Geun Park, Chu-Hwan Yim, Pil- Hwa Yoo, Suk-Gwon Chang

 

Appointment of members of Audit Committee

- Three (3) members of Audit Committee who are outside directors

: Keuk-Je Sung, Jong-Gu Kim, Pil-Hwa Yoo

B. Number of Outside Directors

Following Appointment

  Total number of directors     11
  Number of outside directors     8
     Percentage of outside directors(%)     72.7
C. Number of Auditors Following Appointment   Standing auditors     —  
     Non-standing auditor     —  
D. Number of Members of Audit Committee Following Appointment   Number of members of Audit Committee who are outside directors     4
     Number of members of Audit Committee who are non-outside directors     0
4. Details of Other Resolutions  

Agenda Item No. 1. Approval of the 32nd Financial Statements

: approved as originally proposed

 

Agenda Item No. 2. Election of Directors

(Total of seven(7) directors: Two(2) Inside Directors, Five(5) Outside Directors)

: approved as originally proposed

 

Agenda Item No. 3. Election of member of Audit Committee

(Total of Three(3) members 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 21, 2014
6. Reference   AGM Notice on February 21, 2014


Details Relating to Elected Inside Directors

 

Name

 

Date of
Birth

 

Term

 

Whether
Newly
Elected

 

Prior Work

Experience

 

Current Position

 

Education

 

Nationality

Hoon Han   March 23, 1958   1 year   Newly elected  

2012 – 2014

Chairman of the board, SPACEN

 

2012

Business Advisor, Seoul Techno Holdings, Inc

 

2011

Business Advisor, KT Networks

 

2009 – 2011

President, KT Networks

 

2009

Head of Home Customer Strategy BU, KT Home Business Group

 

2006 – 2009

Head of KT Strategy & Planning Office

 

2003 – 2006

Head of KTF Strategic Planning Group

  Head of Corporate Planning Group, KT (Senior Executive Vice President)   Ph.D., Economic Engineering Systems, Stanford University   Korea
Heon- Moon Lim   November 15, 1960   1 year   Newly elected  

2013 – 2014

Professor, Department of Economics and Management, Chungnam National University

 

2012 – 2013

Chief operating officer of KT Telecom & Convergence Group

 

2012

Chief operating officer of Home Customer Strategy BU, KT Home Business Group

 

2010 – 2012

Head of Home Customer Strategy BU, KT Home Business Group

 

2010

Head of Home Integrated Marketing Communication BU, KT Home Business Group

  Head of Customer Business Group, KT (Senior Executive Vice President)   Ph.D., Business Administration, Seoul National University   Korea


Details Relating to Elected Outside Directors

 

Name

 

Date of

Birth

 

Term

 

Whether

Newly

Elected

 

Prior Work

Experience

 

Current Position

 

Education

 

Nationality

Jong-Gu Kim   July 7, 1941   3 years   Newly elected  

1997 – 1998

The 46th Minister of Ministry of Justice

 

1995 – 1997

Director of the Seoul High Prosecutors’ Office

 

1994 – 1995

The 35th Vice-Minister of Ministry of Justice

  Corporation lawyer of New Dimension Law Group   Ph.D. in Law, College of Law, Dongguk University   Korea
Dae-Geun Park   March 15, 1958   3 years   Newly elected  

2014 – Present

Co-Team Leader, Financial Services Bureau TF, Financial Services Commission

 

2013 – Present Chairman, Financial Development Council, Financial Services Commission

 

2012 – Present Consultant Committee of Fund Management, Korea Securities Depository

 

2009 – 2013

Committee Member, Korea Finance Corporations

  Professor of the College of Economics and Finance, Hanyang University   Ph.D., Economics, Harvard University   Korea


Chu-Hwan Yim   Feb 9, 1949   2 years   Newly elected  

2013 – Present

Member of Presidential Advisory Council on Science & Technology

 

2013 – Present Chairman of ITU Plenipotentiary 2014

 

2007 –2010

President of KLabs

  Guest Professor of Department of Electronics and Information Engineering, Korea University   Ph.D., Communication engineering, Braunschweig University, Germany   Korea
Pil-Hwa Yoo   January 13, 1954   1 year   Newly elected  

2012 – 2013

Standing Director, The Korean-Japanese Economics & Management Association

 

2005 – 2006

Vice-Chairman, Korean Academic Society of Business Administration

 

1987 – Present Professor, Sung Kyun Kwan School of Business

  Dean of Sung Kyun Kwan Graduate School of Business, Sung Kyun Kwan University   Ph.D., Business Administration, Harvard University   Korea
Suk-Gwon Chang   February 21, 1956   1 year   Newly elected  

2014 – Present President, The Korean Operations Research and Management Science Society (KORMS)

 

2011 – Present

Director, Korea Internet & Security Agency (KISA)

 

2010 – Present

Advisory Committee Member, Communications Technology Advisory Group, Korea Communications Commission

 

2010 – 2011

Chairman, Korea Association for Telecommunications Policies

  Professor of School of Business Hanyang University   Ph.D., Management Science, Korea Advanced Institute of Science and Technology (KAIST)   Korea


Details Relating to Elected Audit Committee Members

 

Name

 

Date of

Birth

 

Term

 

Whether

Newly

Elected

 

Whether

Outside

Director

 

Prior Work Experience

 

Current Position

 

Education

 

Nationality

Keuk-Je Sung   June 4, 1953   1 year   Newly Elected   Outside Director  

1995 – Present Professor, Graduate School of International Studies, Kyung Hee University

 

2001 – Present Secretary General, Chairman of Board of Directors, ASEM-DUO Fellowship Program

 

2005 – 2006

Chairman, Korean Association of Negotiation Studies

 

2004 – 2010

Dean, Graduate School of International Studies, Kyung Hee University

 

2000

Senior Representative to WTO negotiations

 

1991 – 1994

Representative to Uruguay Round negotiations

 

1990 – 1991

Representative to Uruguay Round negotiations, Telecommunications negotiations

 

1987 – 1991

Representative of Korea to US-Korea Telecommunications Round Table

 

1985 – 1991

Research Analyst, Korea Information Society Development Institute

  Professor, Graduate School of International Studies, Kyung Hee University   Ph.D., Economics, Northwestern University   Korea


Jong-Gu Kim   July 7, 1941   3 years   Newly elected   Outside Director  

1997 – 1998

The 46th Minister of Ministry of Justice

 

1995 – 1997

Director of the Seoul High Prosecutors’ Office

 

1994 – 1995

The 35th Vice-Minister of Ministry of Justice

  Corporation lawyer of New Dimension Law Group   Ph.D. in Law, College of Law, Dongguk University   Korea
Pil-Hwa Yoo   January 13, 1954   1 year   Newly elected   Outside Director  

2012 – 2013

Standing Director, The Korean-Japanese Economics & Management Association

 

2005 – 2006

Vice-Chairman, Korean Academic Society of Business Administration

 

1987 – Present Professor, Sung Kyun Kwan School of Business

  Dean of Sung Kyun Kwan Graduate School of Business, Sung Kyun Kwan University   Ph.D., Business Administration, Harvard University   Korea