- KT Dashboard
- Financials
- Filings
-
Holdings
- Transcripts
- ETFs
-
Insider
- Institutional
- Shorts
-
6-K Filing
KT (KT) 6-KCurrent report (foreign)
Filed: 14 Mar 11, 12:00am
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 2011
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 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 14, 2011 | ||
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 |
Results of the 29th Annual General Meeting of Shareholders
1. Approval of Financial Statements
(Unit: KRW Million, except for earnings per share)
The 29th Fiscal Year (Fiscal Year ended December 31, 2010) |
| |||||||||
- Total Assets | 24,101,007 | - Revenues | 20,233,516 | |||||||
- Total liabilities | 13,060,115 | - Operating income | 2,053,297 | |||||||
- Capital stock | 1,564,499 | - Net income | 1,171,866 | |||||||
- Total Stockholders’ Equity | 11,040,892 | Basic earnings per share (KRW) | 4,818 | |||||||
Audit Opinion | Unqualified |
2. Approval of Dividends
Regular cash dividend per share (KRW) | 2,410 | |||
Total cash dividends (KRW) | 586,150,184,040 | |||
Dividend ratio to market value | 14.97 | % |
3. Status of Directors (as of the date of appointment)
A. Approval of Appointment of Directors | • Two (2) executive directors(Sang Hoon Lee, Hyun Myung Pyo)
• Two (2) non-executive independent directors (Hyun Nak Lee, Byong Won Bahk)
(Both non-executive independent directors will serve as members of the Audit Committee) |
1 | The applied share price is the average of 1 week prior to the ex-dividend day. |
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 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: approved as originally proposed
Agenda Item No. 4. Election of member of Audit Committee : approved as originally proposed
Agenda Item No. 5. Approval of Limit on Remuneration of Directors : approved as originally proposed
Agenda Item No. 6. Amendment of Executives’ Severance Pay Regulations : approved as originally proposed | |
5. Date of Annual General Meeting of Shareholders | March 11, 2011 |
Details Relating to Elected Directors
Name | Date of Birth | Term | Whether Newly Elected | Prior Work Experience | Current Position | Education | Nationality | |||||||
Sang Hoon Lee | January 24, 1955 | 1 year | Reelected | 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 (CIC President) | Ph.D. in electrical engineering from University of Pennsylvania, U.S.A. | Korea | |||||||
Hyun Myung Pyo | October 21, 1958 | 1 year | Reelected | Head of Corporate Center, KT
Head of WiBro Business Group, KT
Head of Marketing Group, KTF | Head of Personal Customer Group (CIC 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 Elected | Prior Work Experience | Current Position | Education | Nationality | |||||||
Hyun Nak Lee | November 4, 1941 | 3 years | Newly- elected | Outside Director of Samsung Securities Co. Ltd
Executive Director, Chief Editor of Donga Ilbo Daily | President of Kyeonggi Ilbo Daily | Advanced Program in Journalism and Mass Communications, Korea University
Department of Economics, Seoul National University(BA) | Korea | |||||||
Byong Won Bahk | September 24, 1952 | 3 years | Newly- elected | Presidential Secretary of Economic Affairs (Vice-Minister)
Executive member of Institute of International Finance(IIF) | Visiting Professor of Seoul National University | Department of Economics, Washington University (MA)
Department of Law, Seoul National University (MA) | Korea |
Details Relating to Elected Audit Committee Member:
Name | Date of Birth | Term | Whether Newly Elected | Whether | Prior Work | Current Position | Education | Nationality | ||||||||
Hyun Nak Lee | November 4, 1941 | 3 years | Newly- elected | Non-Executive Independent Director Nominating Committee | Outside Director of Samsung Securities Co. Ltd
Executive Director, Chief Editor of Donga Ilbo Daily | President of Kyeonggi Ilbo Daily | Advanced Program in Journalism and Mass Communications, Korea University
Department of | Korea | ||||||||
Byong Won Bahk | September 24, 1952 | 3 years | Newly- elected | Non-Executive Independent Director Nominating Committee | Presidential Secretary of Economic Affairs (Vice-Minister) Executive member of Institute of International Finance(IIF) | Visiting Professor of Seoul National University | Department of Economics, Washington University (MA)
Department of | Korea |