KT Corp Files March 2024 6-K Report

TL;DR

KT Corp filed its March 6-K, confirming 20-F annual reports and Korean HQ.

AI Summary

KT Corporation filed a Form 6-K on March 7, 2024, reporting for the month of March 2024. The filing indicates that KT Corporation, formerly Korea Telecom, is a foreign private issuer and will file annual reports under Form 20-F. The company's principal executive offices are located in Seongnam-si, Gyeonggi-do, Korea.

Why It Matters

This filing provides routine updates for investors regarding KT Corporation's status as a foreign private issuer and its reporting obligations with the SEC.

Risk Assessment

Risk Level: low — This is a routine filing for a foreign private issuer and does not contain material non-public information that would typically impact risk.

Key Players & Entities

• KT Corporation (company) — Registrant
• Korea Telecom (company) — Former name of KT Corporation
• March 7, 2024 (date) — Filing date
• Form 20-F (document) — Annual report form
• Form 6-K (document) — Report type

FAQ

Filing Documents

• d808350d6k.htm (6-K) — 454KB
• g808350g0306183051756.jpg (GRAPHIC) — 24KB
• g808350g96v19.jpg (GRAPHIC) — 1KB
• 0001193125-24-061627.txt ( ) — 490KB

SIGNATURES

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 7, 2024 KT Corporation By: /s/ Youngkyoon Yun Name: Youngkyoon Yun Title: Vice President By: /s/ Sanghyun Cho Name: Sanghyun Cho Title: Director Table of Contents Notice of the 42 nd Annual General Meeting of Shareholders Table of Contents CONTENTS Notice of the Annual General Meeting of Shareholders 3 General Information for Voting 4 Matters to be Reported 5 Report on Audit Results by the Audit Committee * Business Report for the 42 nd Fiscal Year 6 Report on Evaluation Results of Management Performance for the 42 nd Fiscal Year 7 Report on Standards and Method of Payment for Remuneration of Directors 8 Report on Operating Status of Internal Control over Financial Reporting * Report on Treasury Share Ownership and Utilization Plan 11 Matters Requiring Resolution 12 Agenda No. 1 Approval of Financial Statements for the 42 nd Fiscal Year 13 Agenda No. 2 Amendment to the Articles of Incorporation 28 Agenda No. 3 Approval of Ceiling Amount on Remuneration for Directors 31 * To be presented at the meeting 2 Table of Contents Notice of the Annual General Meeting of Shareholders March 7, 2024 To our shareholders, KT Corporation will be holding the 42 nd Annual General Meeting of Shareholders (the Meeting) on March 28 th , 2024. At the Meeting, the Company will report on its performance and relevant issues from FY2023, as listed in the Matters to be Reported section of this document. Shareholders will be requested to vote on agenda items, including the Amendments to the Articles of Incorporation. Holders of KT Corporations common stock as of December 31, 2023, will have the right to vote at the meeting, with each stock being entitled to one vote per agenda item

Financial Statements for the 42 nd Fiscal Year

Financial Statements for the 42 nd Fiscal Year Pursuant to Article 449 of the Commercial Act (Approval and Public Notice of Financial Statements), approval of the financial statements for the 42 nd fiscal year is hereby requested. Background Information The consolidated and separate financial statements included below have not yet been audited and remain subject to the audit process of the Companys independent auditors. The Companys audit report for the 42 nd fiscal year based on K-IFRS standards, including audited financial statements and the respective accompanying notes, will be uploaded on the Companys website ( https://corp.kt.com/eng/html/investors/financial/audit_01.html ) on March 18 th , 2024. From fiscal years 2020 to 2022, the Company has received an unqualified opinion from the Companys independent auditors. 13 Table of Contents KT Corporation and Subsidiaries Consolidated Statements of Financial Position Years Ended December 31, 2023 and 2022 (in millions of Korean won) December 31, 2023 December 31, 2022 Assets Current assets Cash and cash equivalents W 2,879,554 W 2,449,062 Trade and other receivables, net 7,170,289 6,098,072 Other financial assets 1,440,200 1,322,452 Current income tax assets 3,299 1,543 Inventories, net 912,262 709,191 Current assets held-for-sale Other current assets 2,112,553 2,101,212 Total current assets 14,518,157 12,681,532 Non-current assets Trade and other receivables, net 1,404,168 1,491,046 Other financial assets 2,724,761 2,501,484 Property and equipment, net 14,872,079 14,772,179 Right-of-use assets 1,304,963 1,280,334 Investment properties, net 2,198,135 1,933,358 Intangible assets, net 2,533,861 3,129,833 Investments in associates and joint ventures 1,556,889 1,480,722 Deferred income tax assets 608,924 578,443 Net defined benefit assets 160,748 311,142 Other non-current assets 827,297 820,608 Tota

View Full Filing

View this 6-K filing on SEC EDGAR