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 June 2022
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 ☒ 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: June 17 2022 | ||
| KT Corporation | ||
| By: | /s/ Seunghoon Chi | |
| Name: | Seunghoon Chi | |
| Title: | Vice President | |
| By: | /s/ Sanghyun Cho | |
| Name: | Sanghyun Cho | |
| Title: | Director | |
Charges of Embezzlement
| 1. Details of Suspicion | - The Seoul Central District Court issued a summary order in connection with the summary indictment against 10 former and current executives of KT Corporation (the “Company”) on charges of embezzlement at work. | |||
| - Subject : Representative Director, Hyeon-mo Ku, and 9 other current and former executives | ||||
| - Details of the Summary Order: Imposition of a fine for charges of embezzlement at work by the Company’s current and former executives (Aggregate fine amount of Won : 46,000,000) | ||||
- The Seoul Central District Court issued court orders against four former regulatory affairs officers on charges of embezzlement at work. - One officer was sentenced to a prison term of eight months on probation for two years, and the other three officers were sentenced to a prison term of six months on probation for two years. | ||||
| 2. Embezzlement Amount | Embezzlement Amount (KRW) | 437,900,000 | ||
| Total Equity of the Company (KRW) | 16,567,161,000,000 | |||
| Embezzlement Amount as a Percentage of the Company’s Total Equity (%) | 0.003% | |||
| Whether the Company is Classified as a Large-scale Corporation | Yes | |||
| 3. Actions to be taken | The Company will continue to monitor the progress of all future proceedings. | |||
| 4. Determination Date | 2022-06-16 | |||
| 5. Confirmation Date | 2022-06-16 | |||
| 6. Additional Details Relevant to Investment Consideration | - This disclosure is based on the court’s issuance of a summary order and is subject to further updates based on other events including the outcome of the formal proceedings. - The trial court’s orders against the four former regulatory affairs officers may be subject to further update, based on whether there will be an appeal and the outcome of such appeal. | |||
| - ‘Total Equity of the Company’ in Item 2 above is based on the consolidated financial statements as of the end of 2021. | ||||
- ‘Embezzlement Amount’ in Item 2 above is the figure for 4 of the Company’s former regulatory affairs officers. - Of this total amount KRW 124 million is the figure related to the ten former and current executives that was stated in the District Court’s summary order. | ||||
| - ‘Determination Date’ in Item 4 above refers to the date the judgment against the four former regulatory affairs officers by the trial court was issued, and does not indicate the date on which the sentence was finalized. | ||||
| - ‘Confirmation Date’ in Item 5 above refers to the date the judgment against the four former regulatory affairs officers by the trial court was issued, and does not indicate the date on which the sentence was finalized. | ||||
| ø Related Prior SEC Disclosure | 6-K Charges of Embezzlement 3 Feb 2022 | |||
