KT Corp.
Company Background
KT is the largest telecommunications company in South Korea. It began life as Korea Telecommunications Authority, established in 1981. Since privatization in 2002, KT has expanded by absorbing mobile service provider KT Freetel and others. The South Korean National Pension Service is the largest shareholder in KT. KT engaged in the mobile phone service at its subsidiary. But it was forced to sell the subsidiary to SK group when it was privatized. The separated company, currently SK Telecom, is the top mobile carrier in South Korea.
KT Freetel is a subsidiary KT established after selling the mobile phone service subsidiary to SK group. KT Freetel currently offers telecom services under the Olleh brand and is one of the largest player in the South Korean market.
The company received capital subscriptions from major Japanese mobile carrier NTT Docomo in 2005. The companies cooperate in providing roaming services as well as on a technical level.
Hwang Chang-gyu, who was head of Samsung Electronics' semiconductor business, became the telecommunications company's chairman and CEO in 2014.
He implemented various reforms, such as reducing the number of sections and the number of administration staff and reinforcing overseas operations.
He has also decided to participate in plans to construct communications networks in African nations and introduce smart meters in Uzbekistan.
Business Summary
Financial Highlights
Dec 2022 | KRW | USD |
Revenue | 25,650.01B | 19,851.38M |
Gross Profit | 7,909.44B | 6,121.37M |
Operating income | 1,673.38B | 1,295.08M |
Income before tax | 1,911.35B | 1,479.25M |
Net income | 1,262.49B | 977.08M |
EBITDA | 5,329.26B | 4,124.49M |
Diluted EPS | 5,209.88 | 4.03 |
Dividends Per Share | 1,960 | 1.51 |
Total Assets | 40,980.68B | 32,408.60M |
Total liabilities | 22,565.95B | 17,845.75M |
Total equity | 16,612.17B | 13,137.34M |
Operating cash flow | 3,597.06B | 2,783.88M |
Currency in KRW | Currency in USD |
Historical Data
Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | |
Revenue | 23,460.14B | 24,342.06B | 23,916.66B | 24,898.00B | 25,650.01B |
Gross Profit | 6,567.94B | 6,550.25B | 6,502.70B | 7,190.32B | 7,909.44B |
Operating income | 1,240.39B | 1,133.19B | 1,132.77B | 1,644.26B | 1,673.38B |
Income before tax | 1,090.74B | 979,575M | 957,015M | 1,862.35B | 1,911.35B |
Net income | 688,464M | 615,777M | 658,025M | 1,356.87B | 1,262.49B |
EBITDA | 4,522.13B | 4,762.68B | 4,767.05B | 5,251.90B | 5,329.26B |
Diluted EPS | 2,809.47 | 2,510.25 | 2,682.78 | 5,747.22 | 5,209.88 |
Dividends Per Share | 1,100 | 1,100 | 1,350 | 1,910 | 1,960 |
Total Assets | 32,188.83B | 34,540.09B | 33,662.54B | 37,159.34B | 40,980.68B |
Total liabilities | 17,457.55B | 19,356.55B | 18,111.11B | 20,592.18B | 22,565.95B |
Total equity | 13,203.56B | 13,663.38B | 14,011.44B | 14,976.53B | 16,612.17B |
Operating cash flow | 4,010.46B | 3,745.17B | 4,739.82B | 5,561.83B | 3,597.06B |
Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | |
Revenue | 21,317.36M | 20,873.25M | 20,270.28M | 21,741.95M | 19,851.38M |
Gross Profit | 5,968.04M | 5,616.82M | 5,511.29M | 6,278.88M | 6,121.37M |
Operating income | 1,127.10M | 971.71M | 960.06M | 1,435.84M | 1,295.08M |
Income before tax | 991.11M | 839.98M | 811.10M | 1,626.28M | 1,479.25M |
Net income | 625.58M | 528.02M | 557.70M | 1,184.88M | 977.08M |
EBITDA | 4,109.09M | 4,083.98M | 4,040.26M | 4,586.17M | 4,124.49M |
Diluted EPS | 2.55 | 2.15 | 2.27 | 5.01 | 4.03 |
Dividends Per Share | 0.99 | 0.94 | 1.14 | 1.66 | 1.51 |
Total Assets | 28,848.20M | 29,867.35M | 30,988.25M | 31,259.17M | 32,408.60M |
Total liabilities | 15,645.76M | 16,737.90M | 16,672.29M | 17,322.54M | 17,845.75M |
Total equity | 11,833.26M | 11,814.94M | 12,898.31M | 12,598.55M | 13,137.34M |
Operating cash flow | 3,644.16M | 3,211.47M | 4,017.18M | 4,856.82M | 2,783.88M |
Valuation Measures
Dec 2022 | |
PER | 6.48 |
ROA | 3.23% |
ROE | 7.99% |
Operating margin | 6.52% |
Profit margin | 4.92% |
Key executives
- Chief Executive Officer & Director: Hyun-Mo Gu
- Managing Director & Head-Finance: Young-Jin Kim
- VP & Head-Information Technology Planning: Soo-Jung Shin
- Vice President & Head-Legal: Byung-Sam Park
- Vice President: Seunghoon Chi
Shareholders
- National Pension Service of Korea (8.5%)
- Shinhan Financial Group Co., Ltd. (5.4%)
- Silchester International Investors LLP (4.9%)
- Hyundai Motor Co., Ltd. (4.6%)
- Hyundai Mobis Co., Ltd. (3.1%)
- KT Corp. (1.9%)
- T. Rowe Price Associates, Inc. (Investment Management) (1.2%)
- Kopernik Global Investors LLC (1.0%)
- AllianceBernstein LP (1.0%)
- APG Asset Management NV (0.9%)
Contact Details
- Website:http://www.kt.com
- Address: 90 Buljeong-ro, Bundang-gu, Seongnam-si, 13606, South Korea
- Phone: +82.31.727.0114
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Competitors
- SK Telecom Co., Ltd.
- LG Uplus Corp
- Sejong Telecom Inc.
- SK D&D Co. Ltd.
- KB Financial Group Inc.
- Hana Financial Group Inc.
- Incross Co.,Ltd.
- Samsung Card Co., Ltd
- Seoul Broadcasting System Co., Ltd.
- Shinhan Financial Group Co., Ltd.
- Woori Financial Group, Inc.
- LG HelloVision Corp.
- KT Skylife Co., Ltd
- Hyundai Futurenet Co., Ltd
- Inscobee, Inc.
- KL-Net Corp
- Taekwang Industrial Co., Ltd.
- DB Inc.
- Hanyang Digitech Co., Ltd
- Hyundai Ezwel Co., Ltd.
- SALTLUX Inc
- Taihan Fiberoptics Co., Ltd
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