KT Corp.

In the news

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From K-pop to cars, coronavirus hits South Korea business Mar 6, 2020

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 2021	KRW	USD
Revenue	24,898.00B	21,741.95M
Gross Profit	7,190.32B	6,278.88M
Operating income	1,644.26B	1,435.84M
Income before tax	1,862.35B	1,626.28M
Net income	1,356.87B	1,184.88M
EBITDA	5,251.90B	4,586.17M
Diluted EPS	5,747.22	5.01
Dividends Per Share	1,910	1.66
Total Assets	37,159.34B	31,259.17M
Total liabilities	20,592.18B	17,322.54M
Total equity	14,976.53B	12,598.55M
Operating cash flow	5,561.83B	4,856.82M
	Currency in KRW	Currency in USD

Historical Data

KRW | USD

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021
Revenue	23,387.26B	23,460.14B	24,342.06B	23,916.66B	24,898.00B
Gross Profit	6,886.77B	6,567.94B	6,550.25B	6,502.70B	7,190.32B
Operating income	1,371.95B	1,240.39B	1,133.19B	1,132.77B	1,644.26B
Income before tax	837,030M	1,090.74B	979,575M	957,015M	1,862.35B
Net income	476,744M	688,464M	615,777M	658,025M	1,356.87B
EBITDA	4,736.45B	4,522.13B	4,762.68B	4,767.05B	5,251.90B
Diluted EPS	1,945.12	2,809.47	2,510.25	2,682.78	5,747.22
Dividends Per Share	1,000	1,100	1,100	1,350	1,910
Total Assets	29,730.91B	32,188.83B	34,540.09B	33,662.54B	37,159.34B
Total liabilities	16,520.31B	17,457.55B	19,356.55B	18,111.11B	20,592.18B
Total equity	11,819.57B	13,203.56B	13,663.38B	14,011.44B	14,976.53B
Operating cash flow	3,877.74B	4,010.46B	3,745.17B	4,739.82B	5,561.83B

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021
Revenue	20,687.35M	21,317.36M	20,873.25M	20,270.28M	21,741.95M
Gross Profit	6,091.73M	5,968.04M	5,616.82M	5,511.29M	6,278.88M
Operating income	1,213.56M	1,127.10M	971.71M	960.06M	1,435.84M
Income before tax	740.40M	991.11M	839.98M	811.10M	1,626.28M
Net income	421.70M	625.58M	528.02M	557.70M	1,184.88M
EBITDA	4,189.65M	4,109.09M	4,083.98M	4,040.26M	4,586.17M
Diluted EPS	1.72	2.55	2.15	2.27	5.01
Dividends Per Share	0.88	0.99	0.94	1.14	1.66
Total Assets	27,771.62M	28,848.20M	29,867.35M	30,988.25M	31,259.17M
Total liabilities	15,431.60M	15,645.76M	16,737.90M	16,672.29M	17,322.54M
Total equity	11,040.65M	11,833.26M	11,814.94M	12,898.31M	12,598.55M
Operating cash flow	3,430.08M	3,644.16M	3,211.47M	4,017.18M	4,856.82M

Valuation Measures

Dec 2021
PER	5.30
ROA	3.83%
ROE	9.36%
Operating margin	6.60%
Profit margin	5.44%

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 (10.9%)
KT Corp. (9.6%)
Shinhan Financial Group Co., Ltd. (5.4%)
Kopernik Global Investors LLC (1.2%)
T. Rowe Price Associates, Inc. (Investment Management) (1.0%)
APG Asset Management NV (0.9%)
Samsung Asset Management Co., Ltd. (0.7%)
T. Rowe Price Hong Kong Ltd. (0.4%)
Lazard Asset Management LLC (0.3%)
KT Corp. Employee Stock Ownership Association (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

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Competitors

SK Telecom Co., Ltd.
LG Uplus Corp
Sejong Telecom Inc.
SK D&D Co. Ltd.
KB Financial Group Inc.
Shinhan Financial Group Co., Ltd.
Hana Financial Group Inc.
Incross Co.,Ltd.
Samsung Card Co., Ltd
Seoul Broadcasting System 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

Last Updated on 12 Aug, 2022