6-K 1 d351488d6k.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 2017

Commission File Number 1-14926

 

 

KT Corporation

(Translation of registrant’s name into English)

 

 

KT Gwanghwamun Building East

33, Jongno 3-gil, Jongno-gu

110-130 Seoul, 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  ☒            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  ☒

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 24, 2017

  KT Corporation
By:  

/s/ Youngwoo Kim

Name:   Youngwoo Kim
Title:   Vice President
By:  

/s/ Jungsup Jung

Name:   Jungsup Jung
Title:   Director

Results of the 35th Annual General Meeting of Shareholders

 

1. Approval of Financial Statements         (Unit: KRW Million, except for earnings per  share)
The 35th Fiscal Year (Fiscal Year ended December 31, 2016)
Consolidated    Total Assets    30,587,733      Revenues         22,743,665
   Total liabilities    17,792,954      Operating income         1,439,979
   Consolidate- Capital stock    1,564,499      Net income         797,844
   Total Stockholders’ Equity    12,794,779      Basic earnings per share (KRW)    2,904
KT Separate    Total Assets    24,700,337      Revenues         17,028,868
   Total liabilities    13,615,818      Operating income         1,059,591
   Capital stock    1,564,499      Net income         809,330
   Total Stockholders’ Equity    11,084,519      Basic earnings per share (KRW)    3,305
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)   

195,977,314,400

Dividend yield (%)   

2.6

3. Status of Directors (as of the date of appointment)
A. Approval of Appointment of Directors   

Appointment of Directors

- Three (3) Inside Directors

: Chang-Gyu Hwang, Heon-Moon Lim, Hyeon Mo Ku

- Four (4) Outside Directors

: Jong-Gu Kim, Dae-Geun Park, Gae Min Lee, Il Im

 

Appointment of members of Audit Committee

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

: Jong-Gu Kim, Dae-Geun Park

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. Election of CEO (CEO Candidate : Chang-Gyu Hwang)

 

Agenda Item No. 2. Approval of the 35th Financial Statements: approved as originally proposed

 

Agenda Item No. 3. Amendment of Articles of Incorporation: approved as originally proposed

 

Agenda Item No. 4. Election of Directors (Total of Six(6) directors: Two(2) Inside Directors, Four(4) Outside Directors)

 

Agenda Item 4-1. Inside Director Candidate : Heon Moon Lim: approved as originally proposed

    

        

Agenda Item 4-2. Inside Director Candidate : Hyeon Mo Ku: approved as originally proposed

 

Agenda Item 4-3. Outside Director Candidate : Jong-Gu Kim: approved as originally proposed

 

Agenda Item 4-4. Outside Director Candidate : Dae-Geun Park: approved as originally proposed

 

Agenda Item 4-5. Outside Director Candidate : Gae Min Lee: approved as originally proposed

 

Agenda Item 4-6. Outside Director Candidate : Il Im: approved as originally proposed

 

Agenda Item No. 5. Election of members of Audit Committee (Total of Two(2) members of Audit Committee)

 

Agenda Item 5-1. Audit Committee Candidate : Jong-Gu Kim: approved as originally proposed

 

Agenda Item 5-2. Audit Committee Candidate : Dae-Geun Park: approved as originally proposed

 

Agenda Item No. 6. Approval of Limit on Remuneration of Directors: approved as originally proposed

 

Agenda Item No. 7. Approval of Employment Contract for the CEO: approved as originally proposed

    

5. Date of Annual General Meeting of Shareholders

   

March 24, 2017

6. Reference    AGM Notice on March 3, 2017

  Details relating to Elected CEO

Name    Date of Birth    Term   

Whether Newly

Elected

    Work Experience (including current position)
Chang-Gyu Hwang    January 23, 1953    3 years    Re-elected   

2014 - Present: KT CEO

 

2013 – 2014: Distinguished Chair Professor, Sungkyunkwan University

 

2010 – 2013: President & National CTO, Office of Strategic R&D Planning, Ministry of Knowledge and Economy

 

1989 – 2010: Samsung Electronics

 

2009-2010:  Advisor

 

2008-2009:  President & CTO, Corporate Technology Office

 

2004-2008:  President & CEO, Semiconductor Business

 

2001-2003:  President, Memory Division

 

2000-2001:  Executive Vice President & CEO, Memory Division

 

1999:           Executive Vice President & General Manager, Semiconductor R&D Center

 

1998-1999:  Senior Vice President & General Manager, Semiconductor R&D Center    

 

1994-1997:  Vice President, Semiconductor R&D Center

 

1991-1994:  Director & Executive Director, Semiconductor R&D Center

 

1985-1989:  Research Associate, Electrical Engineering, Stanford University

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   

2015 – Present: Chief Marketing Officer, KT

 

2014 – 2015: 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

Hyeon Mo Ku    January 13, 1964    1 year    Re-elected   

2015 – Present: Chief Operating Officer, KT

 

2014 – 2015: Chief Secretary, KT

 

2013 – 2014: Head of Operating Office of KT Telecom & Convergence Group

 

2011 – 2012: Head of KT Retail Channel Business Unit

 

2010 – 2011: Head of KT Mobile Business Strategy Business Unit

 

2009 – 2010: Head of KT Corporate Management Strategy Department

Details Relating to Elected Outside Directors

 

Name   Date of Birth   Term   Whether Newly Elected    Work Experience (including current position)   

Current Outside Director of Other

Company

Jong-Gu Kim   July 7, 1941   3 years   Re-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

    None
Dae-Geun Park   March 15, 1958   1 year   Re-elected   

2015 – Present: Chairman of the Macroeconomy & Finance sub-committee, National Economic Advisory Council

    None

                

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

 

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

 

2015 – 2016: Chief of the Korea International Finance Association

 

2013 – 2016: Chairman of the Financial Development Council, Financial Services Commission

     
Gae Min Lee     November 1, 1946     3 years     Newly elected     

2016 – Present: Advisor, Korea Industrial Development Institute

 

2009 – 2012: Director, Korea News Editors’ Association Fund

 

2008 – 2010: Editor-in-chief, Senior Managing Director, The Korea Economic Daily

 

2005 – 2007: Vice Chairman, Korea New Editors’ Association

 

2003 – 2004: CEO, Hangyung.com

    None  
Il Im   March 20, 1966   3 years     Newly elected   

2017 – Present: President, Korea Society of Management Information System

 

2015 – 2016: Vice President, Korea Automobile Manufacturers Association

 

2000 – 2004: New Jersey Institute of Technology

    None

Details Relating to Elected Audit Committee Members

 

Name     Date of Birth    Term    Whether  Newly  Elected    Whether  Outside  Director     Work Experience (including current position)
Jong-Gu Kim   July 7, 1941   3 years   Re-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

 

Dae-Geun Park   March 15, 1958   1 year   Re-elected   Outside Director   

2015 – Present: Chairman of the Macroeconomy & Finance sub-committee, National Economic Advisory Council

 

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

 

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

 

2015 – 2016: Chief of the Korea International Finance Association

 

2013 – 2016: Chairman of the Financial Development Council, Financial Services Commission

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

8. IT facility construction business and electrical construction business

   

Article 2. (Purpose)

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

8. IT facility construction business, electrical construction business and fire protection facility business

    KT amends Article 3 (Purpose) – KT expects to create new business opportunities through management consultancy business, warehousing and storage business, fire protection facility business, and electrical system design business
       
    

22. New and renewable energy and energy generation business

  

22. New and renewable energy, energy generation business and electrical system design business

 

27. Activities of management consultancy

 

28. Warehousing and storage

 

     
       
     27. Any and all other activities or businesses incidental to or necessary for attainment of the foregoing.   

29. Any and all other activities or businesses incidental to or necessary for attainment of the foregoing.

 

Addendum (March 24, 2017)

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