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 registrants 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 |
Term |
Whether |
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 |