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 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
Independent and
Non-Executive
Director

   

Prior Work
Experience

   

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
Economics,
Seoul National
University(BA)

   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
Law, Seoul
National
University (MA)

   Korea