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Communications

KT Corp.

  • 28,000.00 KRW
  • +50.00
  • +0.18%
  • South Korea
    Jul 16, 2019
  • Ticker
    KRX(030200)
  • Prev. close
    27,950
  • Market cap (KRW)
    7,298.07B
  • Market cap (USD)
    6,197.67M
  • Shares
    261.11M

In the news

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

KT Corp. engages in the provision of integrated telecommunication services. It operates through the Customer and Marketing businesses. Its services include wire and wireless phones, internet, and other communication. The company was founded on December 20, 1981 and is headquartered in Seongnam-si, South Korea.

Financial Highlights

Dec 2018 KRWUSD
Revenue23,460.14B21,317.36M
Gross Profit6,567.94B5,968.04M
Operating income1,240.39B1,127.10M
Income before tax1,090.74B991.11M
Net income688,464M625.58M
EBITDA4,522.13B4,109.09M
Diluted EPS2,809.472.55
Dividends Per Share1,1000.99
Total Assets32,188.83B28,848.20M
Total liabilities17,457.55B15,645.76M
Total equity13,203.56B11,833.26M
Operating cash flow4,010.46B3,644.16M
Currency in KRWCurrency in USD

Historical Data

KRW | USD
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 22,311.66B 22,281.22B 22,743.66B 23,387.26B 23,460.14B
Gross Profit 4,778.17B 5,473.97B 5,649.56B 6,886.77B 6,567.94B
Operating income -551,040M 1,279.47B 1,439.97B 1,371.95B 1,240.39B
Income before tax -1,347.25B 719,452M 1,127.02B 837,030M 1,090.74B
Net income -1,118.94B 410,648M 711,089M 476,744M 688,464M
EBITDA 2,774.65B 4,618.07B 4,785.24B 4,736.45B 4,522.13B
Diluted EPS -4,316 1,245 2,902 1,945.12 2,809.47
Dividends Per Share 0 500 800 1,000 1,100
Total Assets 33,775.50B 29,341.18B 30,587.73B 29,730.91B 32,188.83B
Total liabilities 21,985.21B 17,175.72B 17,792.95B 16,520.31B 17,457.55B
Total equity 10,340.96B 10,845.06B 11,441.93B 11,819.57B 13,203.56B
Operating cash flow 1,916.41B 4,229.96B 4,770.75B 3,877.74B 4,010.46B
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 21,195.54M 19,686.47M 19,603.40M 20,687.35M 21,317.36M
Gross Profit 4,539.15M 4,836.50M 4,869.52M 6,091.73M 5,968.04M
Operating income -523.47M 1,130.47M 1,241.15M 1,213.56M 1,127.10M
Income before tax -1,279.85M 635.66M 971.41M 740.40M 991.11M
Net income -1,062.96M 362.82M 612.90M 421.70M 625.58M
EBITDA 2,635.85M 4,080.27M 4,124.53M 4,189.65M 4,109.09M
Diluted EPS -4.10 1.10 2.50 1.72 2.55
Dividends Per Share 0 0.44 0.68 0.88 0.99
Total Assets 30,728.74M 25,023.39M 25,325.16M 27,771.62M 28,848.20M
Total liabilities 20,002.01M 14,648.17M 14,731.70M 15,431.60M 15,645.76M
Total equity 9,408.14M 9,249.13M 9,473.36M 11,040.65M 11,833.26M
Operating cash flow 1,820.54M 3,737.36M 4,112.04M 3,430.08M 3,644.16M

Valuation Measures

Dec 2018
PER10.60
ROA2.22%
ROE5.50%
Operating margin5.28%
Profit margin2.93%

Key executives

  • Co-Chairman & Chief Executive Officer: Chang-Gyu Hwang
  • Co-President, Director & Head-Future Platfrom: Dong-Myun Lee
  • Co-President, Director & Head-Management Planning: In-Hwe Kim
  • Managing Director & Head-AI Tech: Jin-Han Kim
  • VP & Head-Information Technology Planning: Soo-Jung Shin

Shareholders

  • National Pension Service of Korea (12.2%)
  • KT Corp. (6.1%)
  • NTT DoCoMo, Inc. (5.4%)
  • Samsung Asset Management Co., Ltd. (0.9%)
  • T. Rowe Price Associates, Inc. (Investment Management) (0.9%)
  • Eastspring Investments (Singapore) Ltd. (0.7%)
  • Mirae Asset Global Investments Co., Ltd. (0.7%)
  • APG Asset Management NV (0.7%)
  • KT Corp. Employee Stock Ownership Association (0.4%)
  • Standard Life Investments Ltd. (0.3%)

Contact Details

  • Website:http://www.kt.com
  • Address: 90 Buljeong-ro, Bundang-gu, Seongnam-si, 13606, South Korea
  • Phone: +82.31.727.0114

Related Companies

  • K-Realty REIT VII Co., Ltd.
  • OIC Korea Co., Ltd.
  • kt innoedu Co., Ltd.
  • KT Investment, Inc.
  • QCP Investment Purpose Co. III, Inc.
  • KT OIC Co., Ltd.
  • Olleh KT Second Securitization Specialty Co., Ltd.
  • Olleh KT First Securitization Specialty Co., Ltd.
  • Sofnics, Inc.
  • KT China Corp.
  • KTsat
  • Olleh KT Sixth Securitization Specialty Co. Ltd.
  • Olleh KT Fourth Securitization Specialty Co. Ltd.
  • Olleh KT Fifth Securitization Specialty Co. Ltd.
  • KT Capital Corp. (South Korea) /Investment Business/
  • kt-SB data service Co., Ltd.
  • Centios Co., Ltd.
  • N Search Marketing Corp.
  • KTSC Investment Management BV
  • KTDS Co., Ltd.
  • Kt NexR Co., Ltd.
  • Bluecord Technology
  • Korea Infomation Data Co. Ltd.
  • KT M&S Co. Ltd.
  • kt telecop Co., Ltd.
  • kt mhows Co., Ltd.
  • KT Tech, Inc.
  • Korea Info Service Corp.
  • Sidus FNH Corp.
  • KT FDS Corp.

Competitors

  • LG Uplus Corp
  • SK Telecom Co., Ltd.
  • Kakao Corp.
  • CJ Corporation
  • Taekwang Industrial Co., Ltd.
  • CJ Hello Co. Ltd.
  • Hyundai HCN Co., Ltd.
  • KL-Net Corp
  • DB Inc.
  • KINX Inc.
  • DAESUNG HOLDINGS Co., Ltd.
  • KT Skylife Co., Ltd
  • NHN KCP Corp.
  • Dreamus Company
  • Hanyang Digitech Co., Ltd
  • SK Innovation Co., Ltd
  • SK Networks Co., Ltd.

Copyright © 2019 FactSet Research Systems Inc. All rights reserved.

Last Updated on 16 Jul, 2019

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