6-K 1 d6k.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 2010

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 15, 2010
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 28th Annual General Meeting of Shareholders

1. Approval of Financial Statements

(Unit: KRW Million, except for earnings per share)

The 28th Fiscal Year (Fiscal Year ended December 31, 2009)

 

- Total Assets   24,342,475    - Revenues    15,906,174
- Total liabilities   13,944,221    - Operating income    611,550
- Capital stock   1,564,499    - Net income    516,533
- Total Stockholders’ Equity   10,398,254    * Basic earnings per share (KRW)    2,353
* Audit Opinion      Unqualified   

2. Approval of Dividends

 

Regular cash dividend per share (KRW)

    2,000   

Total cash dividends (KRW)

    486,392,936,000   

Dividend ratio to market value

    4.90 % 

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)

 

- Three (3) non-executive independent directors (Chan Jin Lee, Jong Hwan Song, Hae Bang Chung)

 

(including one (1) non-executive independent director who will serve as member of the Audit Committee - Hae Bang Chung)

B. Number of Outside Directors Following Appointment    Total number of directors    11
   Number of outside directors    8
   Percentage of outside directors (%)    72.70%

 

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 not 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 12, 2010

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

Chan Jin Lee    October 25, 1965    3 years    Newly-elected   

Outside Director, Dacom Co, Ltd

 

Founder and President of Hangul and Computer, Inc

    President of DreamWiz, Inc    Bachelor’s degree in mechanical engineering from Seoul National University    Korea
Jong Hwan Song    September 5, 1944    3 years    Newly-elected   

Visiting Professor, Department of Political Science at Chungbuk National University

 

Minister, Embassy of the Republic of Korea in Washington D.C.

    Visiting Professor, Myungji University    Ph. D in Department of Political Science, Graduate School at Hanyang University    Korea
Hae Bang Chung    September 1, 1950    3 years    Newly-elected   

Vice Minister of Planning and Budget

 

Deputy Minister, Ministry of Planning and Budget

 

Passed Higher Civil servant Examination

    Professor, Law School, Konkuk University    M.A in Economics, Vanderbilt University, U.S.A.    Korea

Details Relating to Election of Audit Committee Member:

 

Name

   

Date of Birth

   

Term

   

Whether
Newly
Elected

   

Whether
Independent
and
Non-Executive
Director

   

Prior Work
Experience

   

Current
Position

   

Education

   

Nationality

Jeong Suk Koh    May 22, 1957    1 year    Reelected    Non-Executive Independent Director Nominating Committee   

Consultant, McKinsey & Co.

 

Teaching Assistant, Sloan School of Management

 

Massachusetts Institute of Technology

    President, Ilshin Investment Co., Ltd.    Ph. D, Management, Sloan School of Management, MIT    Korea
Hae Bang Chung    September 1, 1950    3 years    Newly-elected    Non-Executive Independent Director Nominating Committee   

Vice Minister of Planning and Budget

 

Deputy Minister, Ministry of Planning and Budget

 

Passed Higher Civil servant Examination

    Professor, Law School, Konkuk University    M.A in Economics, Vanderbilt University, U.S.A.    Korea