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 November 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: November 5, 2024 | ||
| KT Corporation | ||
| By: | /s/ Youngkyoon Yun | |
| Name: Youngkyoon Yun | ||
| Title: Vice President | ||
| By: | /s/ Sanghyun Cho | |
| Name: Sanghyun Cho | ||
| Title: Director | ||
Corporate Value-Up Plan
This disclosure may include predictive information and is subject to change. Actual results may differ from the predictions. | ||
| 1. Title | KT Corporate Value-Up Plan | |
| 2. Details | [FY2028 Target] - FY2028 Consolidated ROE of 9%~10%
[Action Plan]
-Transform into AICT Company: Increase AI/IT revenue by 3 times compared to 2023 - Increase Profitability: Achieve consolidated operating profit margin of 9% by FY2028 through revamping business structure based on profitability - Liquidate Non-Core Assets: Increase resources for capital allocation through liquidating idle real estate assets and non-core investment portfolio - Enhance Capital Efficiency: Buyback and cancel a total of KRW 1 trillion worth of treasury shares from FY2025 to FY2028 | |
| 3. Date of Determination | November 5, 2024 | |
| 4. Other Important Information Relevant to Investment Decision |
- Please refer to the ‘KT Corporate Value-Up Plan’ uploaded on the KT website (http://corp.kt.com) for detailed information. - The ‘Consolidated ROE’ mentioned in ‘2. Details’ above refers to ‘Return on Equity’, and is calculated by dividing the net income by equity (attributable to the owners of the controlling company) - The ‘2. Details’ above and ‘KT Corporate Value-Up Plan’ uploaded on the website are subject to change based on market conditions. - The ‘3. Date of Determination’ above refers to the date of the Board resolution. | |