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 April 2024
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 ☐
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: April 11, 2024 | ||
| KT Corporation | ||
| By: | /s/ Youngkyoon Yun | |
| Name: | Youngkyoon Yun | |
| Title: | Vice President | |
| By: | /s/ Sanghyun Cho | |
| Name: | Sanghyun Cho | |
| Title: | Director | |
Decision to Dispose Treasury Shares
| 1. Number of shares to be disposed | Common Shares | 108,128 | ||
| Other Shares | — | |||
| 2. Share Price for Disposal (KRW) | Common Shares | 36,400 | ||
| Other Shares | — | |||
| 3. Estimated Total Amount* (KRW) | Common Shares | 3,935,859,200 | ||
| Other Shares | — | |||
| 4. Period of Disposal | From April 11, 2024 to June 24, 2024 | |||
| 5. Purpose of Disposal | To pay long-term performance-based incentives to executive officers and stock grant to outside directors for the year 2023 in the form of treasury shares. | |||
| 6. Method of Disposal | Off-market transaction | |||
| 8. Number of Treasury Shares before Disposal | 11,447,338 (4.45% of total outstanding shares) | |||
| 9. Date of Resolution | April 11, 2024 | |||
| * | The above amount is calculated based on the closing price of KT common share of KRW 36,400 per share on April 9, 2024, and is subject to change according to the closing price on the actual disposal date. |
