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: June 21, 2024
KT Corporation
By:
/s/ Youngkyoon Yun
Name: Youngkyoon Yun
Title: Vice President
By:
/s/ Sanghyun Cho
Name: Sanghyun Cho
Title: Director
Charges of Embezzlement
1. Details
Second trial verdict of the Seoul Central District Court on the charges of embezzlement in office by 10 former executives KT Corporation.
• Subject: Hyeon-mo Ku (former CEO) and 9 others
• Second trial verdict: Overturned first trial verdict and declared 'not guilty'
2. Amount of embezzlement
Confirmed amount(KRW)
-
Total equity(KRW)
18,561,137,289,344
Percentage of equity(%)
-
3. Future measures
The Company will continue to monitor the progress of all future processes
4. Date of Determination
2024-06-19
5. Date of Confirmation
2024-06-20
6. Additional Details Relevant to Investment Consideration
• This disclosure is based on the 2nd trial verdict of the court and may be subject to change depending on possible further appeal and outcomes.
• 'Confirmed amount(KRW)' of Item 2 above is indicated as "-" due to the verdict of 'not guilty'.
• 'Total equity(KRW)' of Item 2 above refers to the consolidated total equity as of the end of 2023.
• Item 4 above refers to the date of the 2nd trial verdict of 10 former executives, not the date of final confirmation of the verdict.
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KT Corporation published this content on
21 June 2024 and is solely responsible for the information contained therein. Distributed by
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21 June 2024 10:13:40 UTC.
KT Corp is a Korea-based company that mainly provides telecommunication services. The Company operates its business through four segments. The Information and Communications Technologies segment is engaged in providing telecommunication services to individual, home, corporate customers and the convergence business. The Finance segment is engaged in providing financial services, such as credit card. The Satellite Broadcasting segment provides satellite television services. The Other segment includes security services, satellite service, information technology and network services, as well as global business services, which provide global network services to multinational or domestic corporate customers and telecommunications companies. The Company's principal services include mobile voice and data telecommunications services; fixed-line services; credit card processing and other financial services; as well as other services. The Company is engaged in the software platforms business.
KT CORPORATION 
