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 September 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: September 30, 2024 | ||||
| KT Corporation | ||||
| By: | /s/ Youngkyoon Yun | |||
| Name: Youngkyoon Yun | ||||
| Title: Vice President | ||||
| By: | /s/ Sanghyun Cho | |||
| Name: Sanghyun Cho | ||||
| Title: Director | ||||
Details on Strategic Partnership with Microsoft
| 1. Title | Agreement on Strategic Partnership | |
| 2. Details | 1. Counterparty: Microsoft Corporation (USA)
2. Agreement Period: 2024.9.27—2029.9.30
3. Details of the Strategic Partnership
1) Joint development of Korean AI models and services
2) Launch of Korea-specific Secure Public Cloud
3) Establishment of AX Total Service Special Company aimed at global market
4) Joint R&D and startup investments to strengthen domestic AI ecosystem
5) Joint talent development projects to internalize global capabilities
4. Infrastructure Supply Agreement based on Strategic Partnership Agreement:
1) Amount: US$ 450,000,000
2) Supply Details: Infrastructure such as network and data centers
3) Supplier: KT Corporation, KT Cloud
5. Agreement Signing Date: 2024.9.27 | |
| 3. Confirmation Date | 2024-09-27 | |
| 4. Other Important Matters Related to Investment Decision |
• Mutual service supply contracts based on this strategic partnership agreement will be carried out per case.
• The amount stated in ‘2. Details’ for the infrastructure supply agreement is the total of the infrastructure services supplied by KT Corporation and KT Cloud. The actual service supply amount may change according to future business cooperation.
• The data center supply period in the infrastructure supply agreement in ‘2. Details’ is 15 years.
• ‘3. Confirmation Date’ refers to the agreement signing date based on Korean Standard time.
• Any changes to major terms of the agreement and any obligations for disclosure will be promptly disclosed. | |