0001193125-15-108832.txt : 20150327 0001193125-15-108832.hdr.sgml : 20150327 20150327130632 ACCESSION NUMBER: 0001193125-15-108832 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20150327 FILED AS OF DATE: 20150327 DATE AS OF CHANGE: 20150327 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: 15730046 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 d900344d6k.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 2015

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 27, 2015
KT Corporation
By:

/s/ Youngwoo Kim

Name: Youngwoo Kim
Title: Vice President
By:

/s/ Jungsup Jung

Name: Jungsup Jung
Title: Director


Results of the 33rd Annual General Meeting of Shareholders

 

1. Approval of Financial Statements   (Unit: KRW Million, except for earnings per share)

The 33rd Fiscal Year (Fiscal Year ended December 31, 2014)

Consolidated  

 - Total Assets

      33,775,502   

 - Revenues

    23,421,673

 - Total liabilities

  21,985,214   

 - Operating income

-291,653

 - Capital stock

  1,564,499   

 - Net income

-966,176

 - Total Stockholders’ Equity

  11,790,288   

 Basic earnings per share (KRW)

—  
KT Separate

 - Total Assets

  24,920,296   

 - Revenues

17,435,803

 - Total liabilities

  15,314,442   

 - Operating income

-719,490

 - Capital stock

  1,564,499   

 - Net income

-1,141,889

 - Total Stockholders’ Equity

  9,605,854   

 Basic earnings per share (KRW)

—  
Audit Opinion       Consolidated   Unqualified
      KT Separate   Unqualified

2. Resolution of Dividends

           

Type of dividend

          —  

Regular cash dividend per share (KRW)

          —  

Total cash dividends (KRW)

          —  

Dividend yield (%)

          —  

3. Status of Directors (as of the date of appointment)

A. Approval of Appointment of Directors

       

Appointment of Directors

- Two (2) Inside Directors

: Heon-Moon Lim, Jeong Tae Park

- Three (3) Outside Directors

: Suk-Gwon Chang, Dong-Wook Chung, Daiwon Hyun

 

Appointment of members of Audit Committee

- Two (2) members of Audit Committee who are outside directors

: Dae-Geun Park, Dong-Wook Chung

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 33rd Financial Statements

: approved as originally proposed

 

Agenda Item No. 2. Amendment of Articles of Incorporation

: approved as originally proposed

 

Agenda Item No. 3. Election of Directors

(Total of Five(5) directors: Two(2) Inside Directors, Three(3) Outside Directors)

 

Agenda Item 3-1. Inside Director Candidate : Heon-Moon Lim

: approved as originally proposed

 

Agenda Item 3-2. Inside Director Candidate : Jeong Tae Park

: approved as originally proposed

 

Agenda Item 3-3. Outside Director Candidate : Suk-Gwon Chang

: approved as originally proposed

 

Agenda Item 3-4. Outside Director Candidate : Dong-Wook Chung

: approved as originally proposed

 

Agenda Item 3-5. Outside Director Candidate : Daiwon Hyun

: approved as originally proposed

 

Agenda Item No. 4. Election of member of Audit Committee

(Total of Two(2) members of Audit Committee)

 

Agenda Item 4-1. Audit Committee Candidate : Dae-Geun Park

: approved as originally proposed

 

Agenda Item 4-2. Audit Committee Candidate : Dong-Wook Chung

: approved as originally proposed

 

Agenda Item No. 5. Approval of Limit on Remuneration of Directors

: approved as originally proposed

5. Date of Annual General Meeting of Shareholders March 27, 2015
6. Reference AGM Notice on February 24, 2015


Details Relating to Elected Inside Directors

 

Name   

Date of

Birth

   Term   

Whether Newly

Elected

   Work Experience (including current position)
         
Heon-Moon Lim    November 15, 1960    1 year    Re-elected   

2014 – Present Head of Customer Business Group, KT

 

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

         
Jeong Tae Park    December 10, 1959    1 year    Newly elected   

2014 – Present Head of Legal & Ethics Office, KT

 

2013             Head of Group Shared Service Group, KT

 

2012             Head of Corporate Center Strategy & Planning Office, KT

 

2009 – 2011 Head of Procurement Strategy Office, KT

 

2007 – 2008 Head of Platform Laboratory, KT

 

2006 – 2007 Head of Strategy & Planning Office, Corporate Planning Group, KT

 

2005 – 2006 Head of Service Planning Unit, KT


Details Relating to Elected Outside Directors

 

Name   

Date of

Birth

   Term    Whether Newly
Elected
   Work Experience (including current position)
         
Suk-Gwon Chang    February 21, 1956    3 years    Re-elected   

2014 – Present Dean of Business School of Hanyang University

 

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

 

1984 – Present Professor of Business School of Hanyang University

 

2010 – 2012 Dean of Graduate school of Hanyang Cyber University

 

2010 – 2011 Chairman, Korea Association for Telecommunications Policies

         
Dong-Wook Chung    August 22, 1949    3 years    Newly elected   

2005 – Present Senior Counsel, Law Firm Kim¸ Choi & Lim

 

2003 – 2005 Lawyer, Law Firm Kim, Chang & Lee

 

1998 – 2003 Prosecutor, Seoul High Prosecutors’ Office

 

1997 – 1998 Chief Prosecutor, Bucheon Branch of the Incheon District Prosecutors’ Office

 

1996 – 1997 Deputy Prosecutor, Dongbu Branch of Seoul District Prosecutors’ Office.

         
Daiwon Hyun    August 1, 1964    3 years    Newly elected   

2014 – Present Chairman, Korea Digital Content Industry Forum

 

2013 – Present Advisor to the President for Creative and Innovative Economic Team, National Economic Advisory Council (NEAC)

 

2000 – Present Professor, Mass Communication & Director of Sogang Communication Center, School of Communication Sogang University

         
                   

2012             Chairman, Internet-based Broadcasting Service Promotion Forum (Korea Communications Commission supported)

 

2010 – 2011 Chairman, ‘Beautiful Internet World’ Forum

 

2006 – 2008 Chairman, Users’ Open Committee for Media Daum


Details Relating to Elected Audit Committee Members

 

Name   

Date of

Birth

   Term   

Whether

Newly

Elected

  

Whether

Outside
Director

   Work Experience (including current position)
           
Dae-Geun Park    March 15, 1958    2 years      Newly elected    Outside Director   

2013 – Present Chief of the Economic Research Institute, Hanyang University

 

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

 

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

 

1991 – Present Professor of the College of Economics and Finance, Hanyang University

 

2009– 2013 Committee Member, Korea Finance Corporations

           
Dong-Wook Chung    August 22, 1949    3 years      Newly elected    Outside Director   

2005 – Present Senior Counsel, Law Firm Kim¸ Choi & Lim

 

2003 – 2005 Lawyer, Law Firm Kim, Chang & Lee

 

1998 – 2003 Prosecutor, Seoul High Prosecutors’ Office

 

1997 – 1998 Chief Prosecutor, Bucheon Branch of the Incheon District Prosecutors’ Office

 

1996 – 1997 Deputy Prosecutor, Dongbu Branch of Seoul District Prosecutors’ Office.


Details Relating to amendment of business purpose

 

 

   <Before>    <After>    Reason for amendment
       
Amendment of business purpose   

Article 2. (Purpose)

 

The objective of KT is to engage in the following business activities

 

2. New media business

  

Article 2. (Purpose)

 

The objective of KT is to engage in the following business activities

 

2. New media business and Internet Multimedia Broadcasting Business

 

Addendum (March 27, 2015)

 

These Articles of Incorporation shall become effective as of the date of resolution of the General Meeting of Shareholders

   KT amends Article 2 (Purpose) – 2 (New Media Business) to add “Internet Multimedia Broadcasting Business” to clarify KT’s engagement in the IPTV business, which the company had done on the basis of “new media business”. According to the Ministry of Science, ICT, and Future Planning, the approving regulatory body, KT must stipulate “internet multimedia broadcasting business” in its business purpose to encompass KT’s commercial activities and business scope in regard to the IPTV business. Accordingly, KT must add “Internet Multimedia Broadcasting Business” to amend its business purpose to “New Media Business and Internet Multimedia Broadcasting Business