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

KT Corp. engages in the provision of integrated telecommunication services. The company 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 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

KRW | USD

	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

Related Companies

KT Corp. /B2C USIM Bus/
Nasmedia Thailand Co., Ltd.
Texnoprosistem LLC
Korea Telecom Singapore Pte Ltd.
KT Hong Kong Telecommunications Co., Ltd.
PT BC Card Asia Pacific
Korea Telecom America, Inc.
KT Dutch BV
Korea Telecom China Co., Ltd.
KBTO Sp zoo
Korea Telecom Japan Co., Ltd.
KT Belgium
AOS Ltd.
KT Rwanda Networks Ltd.
GE Premier 1st Corporate Restructuring Real Estate
KT Huimangjieum
Next connect PFV
Whowho&Company Co., Ltd.
Autopion Co., Ltd.
KT-Michigan Global Content Fund
KT Sat Co., Ltd.
KTGDH Co., Ltd.
KT AMC Co., Ltd.
KT MOS Nambu Co., Ltd.
KT MOS Bukbu Co., Ltd.
BC Card China Co., Ltd.
KT Strategic Investment Fund No.5
KT Strategic Investment Fund No.4
KT Strategic Investment Fund No.3
KT Strategic Investment Fund No.2

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

Last Updated on 30 Mar, 2023