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Communications

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. 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 2019 KRWUSD
Revenue24,342.06B20,873.25M
Gross Profit6,540.82B5,608.74M
Operating income1,124.69B964.42M
Income before tax979,676M840.06M
Net income619,182M530.94M
EBITDA4,763.61B4,084.78M
Diluted EPS2,524.142.16
Dividends Per Share1,1000.94
Total Assets34,061.29B29,453.32M
Total liabilities18,874.33B16,320.93M
Total equity13,666.79B11,817.88M
Operating cash flow3,745.17B3,211.47M
Currency in KRWCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 22,281.22B 22,743.66B 23,387.26B 23,460.14B 24,342.06B
Gross Profit 5,473.97B 5,649.56B 6,886.77B 6,567.94B 6,540.82B
Operating income 1,279.47B 1,439.97B 1,371.95B 1,240.39B 1,124.69B
Income before tax 719,452M 1,127.02B 837,030M 1,090.74B 979,676M
Net income 410,648M 711,089M 476,744M 688,464M 619,182M
EBITDA 4,618.07B 4,785.24B 4,736.45B 4,522.13B 4,763.61B
Diluted EPS 1,245 2,902 1,945.12 2,809.47 2,524.14
Dividends Per Share 500 800 1,000 1,100 1,100
Total Assets 29,341.18B 30,587.73B 29,730.91B 32,188.83B 34,061.29B
Total liabilities 17,175.72B 17,792.95B 16,520.31B 17,457.55B 18,874.33B
Total equity 10,845.06B 11,441.93B 11,819.57B 13,203.56B 13,666.79B
Operating cash flow 4,229.96B 4,770.75B 3,877.74B 4,010.46B 3,745.17B
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 19,686.47M 19,603.40M 20,687.35M 21,317.36M 20,873.25M
Gross Profit 4,836.50M 4,869.52M 6,091.73M 5,968.04M 5,608.74M
Operating income 1,130.47M 1,241.15M 1,213.56M 1,127.10M 964.42M
Income before tax 635.66M 971.41M 740.40M 991.11M 840.06M
Net income 362.82M 612.90M 421.70M 625.58M 530.94M
EBITDA 4,080.27M 4,124.53M 4,189.65M 4,109.09M 4,084.78M
Diluted EPS 1.10 2.50 1.72 2.55 2.16
Dividends Per Share 0.44 0.68 0.88 0.99 0.94
Total Assets 25,023.39M 25,325.16M 27,771.62M 28,848.20M 29,453.32M
Total liabilities 14,648.17M 14,731.70M 15,431.60M 15,645.76M 16,320.93M
Total equity 9,249.13M 9,473.36M 11,040.65M 11,833.26M 11,817.88M
Operating cash flow 3,737.36M 4,112.04M 3,430.08M 3,644.16M 3,211.47M

Valuation Measures

Dec 2019
PER10.69
ROA1.86%
ROE4.60%
Operating margin4.62%
Profit margin2.54%

Key executives

  • Chief Executive Officer & Director: Hyeon-Mo Ku
  • Co-President, Director & Head-Management Planning: In-Hwe Kim
  • Head-Finance: Il Cho
  • Managing Director & Head-AI Tech: Jin-Han Kim
  • VP & Head-Information Technology Planning: Soo-Jung Shin

Shareholders

  • National Pension Service of Korea (13.8%)
  • NTT DoCoMo, Inc. (8.6%)
  • KT Corp. (6.0%)
  • T. Rowe Price Associates, Inc. (Investment Management) (0.8%)
  • APG Asset Management NV (0.6%)
  • Mirae Asset Global Investments Co., Ltd. (0.4%)
  • KT Corp. Employee Stock Ownership Association (0.4%)
  • Capital Research & Management Co. (Global Investors) (0.3%)
  • Kopernik Global Investors LLC (0.2%)
  • Acadian Asset Management LLC (0.2%)

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 sports Co., Ltd.
  • KT Corp. /Webtoon Bus/
  • 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.
  • 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.

Competitors

  • LG Uplus Corp
  • SK Telecom Co., Ltd.
  • Kakao Corp.
  • LG HelloVision Corp.
  • Taekwang Industrial Co., Ltd.
  • Hyundai HCN Co., Ltd.
  • DB Inc.
  • KINX Inc.
  • Inscobee, Inc.
  • KT Skylife Co., Ltd
  • NHN KCP Corp.
  • Dreamus Company
  • Hanyang Digitech Co., Ltd
  • KL-Net Corp
  • SEOJIN SYSTEM CO.,LTD
Last Updated on 3 Aug, 2020

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