Asia300

KT Corp.

South Korea

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Feb 19, 2018
Prev close: 28,400
Feb 19, 2018
Market cap:
Market cap(USD):
7,415.57B
6,946.34M
Shares: 261.11M

Currency in KRW

Company profile

Market(Ticker): KRX(030200)
Sector:
Industry:
Communications
Major Telecommunications
Full time employees: --

Business summary

KT Corp. engages in the provision of integrated telecommunication services. It operates through the following business divisions: Mobile, Broadband Internet, Telephone, Wireless Broadband Internet and Internet Protocol Television (IPTV). The Mobile business division provides smart phone services, special tariff discount products, third-generation and WiBro network. The Broadband Internet business division offers supplementary services, customized products and supplies fiber to the home in housing market. The Telephone business division provides phone and internet bundling services, develops new business model. The WiBro business division offers distribution channels, terminals, laptop rental and package products. The IPTV business division provides free set top box rentals, hybrid products and satellite high definition channels. The company was founded on December 10, 1981 and is headquartered in Seongnam-si, South Korea.

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.

In the news

Financial highlights

Dec 2017

  • Local currency
  • US Dollar
Revenue 23,387.3B
Gross profit 13,487.6B
Operating income 1,375.7B
Income before tax 837,500M
Net income 477,300M
EBITDA --
Diluted EPS --
Dividends per share 1,000
Total assets 29,579.2B
Total liabilities 16,501.9B
Total equity 13,077.3B
Operating cash flow --

Currency in KRW

Revenue 20,687.38M
Gross profit 11,930.54M
Operating income 1,216.88M
Income before tax 740.81M
Net income 422.19M
EBITDA --
Diluted EPS --
Dividends per share 0.88
Total assets 27,629.90M
Total liabilities 15,414.41M
Total equity 12,215.49M
Operating cash flow --

Currency in USD

Valuation measures

Dec 2017

PER 16.54
ROA 1.58%
ROE 3.89%
Operating margin 5.88%
Profit margin 2.04%

Key executive

  • Chairman & Chief Executive Officer: Chang-Gyu Hwang
  • President Director & Head-Mass: Heon-Moon Lim
  • President, Director & Head-Management Support: Hyeon-Mo Ku
  • Senior Managing Director & Head-Finance: Gwang-Seok Shin
  • Managing Director & Head-AI Tech: Jin-Han Kim

Share holders

  • National Pension Service of Korea(10.9%)
  • NTT DoCoMo, Inc.(8.6%)
  • KT Corp.(6.1%)
  • Eastspring Investments (Singapore) Ltd.(1.0%)
  • T. Rowe Price Associates, Inc.(0.9%)
  • APG Asset Management NV(0.8%)
  • Samsung Asset Management Co., Ltd.(0.8%)
  • Mirae Asset Global Investments Co., Ltd.(0.5%)
  • T. Rowe Price Hong Kong Ltd.(0.5%)
  • KT Corp. Employee Stock Ownership Association(0.5%)

Address

  • 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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