KT Corp Files 6-K Report
Ticker: KT · Form: 6-K · Filed: May 9, 2024 · CIK: 892450
| Field | Detail |
|---|---|
| Company | Kt Corp (KT) |
| Form Type | 6-K |
| Filed Date | May 9, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: sec-filing, 6-k, compliance, foreign-private-issuer
TL;DR
KT Corp filed a 6-K, confirming it's a foreign private issuer reporting under 20-F. Standard compliance update.
AI Summary
KT Corporation filed a Form 6-K on May 9, 2024, to report information as a foreign private issuer. The filing indicates that KT Corporation, formerly Korea Telecom, is subject to the requirements of the 1934 Securities Exchange Act and files annual reports under Form 20-F. The report was signed by Youngkyoon Yun on behalf of KT Corporation.
Why It Matters
This filing serves as a routine update for investors and regulators, confirming KT Corp's compliance with SEC reporting requirements as a foreign private issuer.
Risk Assessment
Risk Level: low — This is a routine administrative filing and does not contain new financial or operational information that would typically impact risk.
Key Players & Entities
- KT Corporation (company) — Registrant
- Korea Telecom (company) — Former company name
- Youngkyoon Yun (person) — Signatory for KT Corporation
- Securities Exchange Act of 1934 (legal_document) — Governing regulation
- Form 20-F (legal_document) — Annual report form
- Form 6-K (legal_document) — Report type
FAQ
What is the purpose of a Form 6-K filing?
A Form 6-K is a report of foreign private issuer pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934, used to provide information that the registrant has made or is required to make public pursuant to the laws of its home country, or has filed or is required to file with a stock exchange, or has distributed or is required to distribute to its security holders.
What is KT Corporation's filing status as indicated in this report?
KT Corporation is indicated as a foreign private issuer filing under the 1934 Act and files annual reports under cover of Form 20-F.
When was this Form 6-K filed?
This Form 6-K was filed on May 9, 2024.
Who signed this report on behalf of KT Corporation?
The report was signed by Youngkyoon Yun on behalf of KT Corporation.
Has KT Corporation previously operated under a different name?
Yes, KT Corporation was formerly known as Korea Telecom Corp and Korea Telecom.
Filing Stats: 351 words · 1 min read · ~1 pages · Grade level 11.5 · Accepted 2024-05-09 06:06:26
Filing Documents
- d80110d6k.htm (6-K) — 19KB
- 0001193125-24-134715.txt ( ) — 20KB
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: May 9, 2024 KT Corporation By: /s/ Youngkyoon Yun Name: Youngkyoon Yun Title: Vice President By: /s/ Sanghyun Cho Name: Sanghyun Cho Title: Director Decision to Retire Treasury Shares 1. Estimated number of shares to be retired 5,143,300 common shares 2. Total number of outstanding shares 257,164,985 3. Par value per share (KRW) 5,000 4. Estimated total amount of retirement (KRW) 178,855,530,668 5. Buyback period for the retirement - 6. Method of buyback Previously acquired treasury shares 7. Expected date of retirement 2024-05-24 8. Agent for treasury share acquisition - 9. Date of resolution 2024-05-09 -Attendance of outside directors Present (No.) 8 Absent (No.) 0 10. Additional Details Relevant to Investment Consideration - Legal basis of retirement of treasury shares: Article 343 Paragraph 1 of the Commercial Act - This share retirement involves the retirement of treasury shares previously acquired within the range of distributable profits, as resolved by the Board of Directors, thus there will be no decrease in capital. - Total issued shares will be reduced from 257,164,985 shares to 252,021,685 shares, as this decision involves the retirement of 2% of total issued shares. - Item 4 above is based on the book value of the treasury shares at the time of the Board of Directors resolution of this day. - Item 7 above is the date determined by the Board of Directors resolution and is subject to change based on consultations with relevant authorities.