KT appointed Park Yun-young as the new CEO and moved to organize a new management system. KT said it held its 44th regular shareholders meeting on the 31st at the KT Research and Development Center on Taebong-ro in Seocho District, Seoul, and approved all nine agenda items as originally proposed, including the appointment of the CEO.
Park, the new CEO, is an ICT expert who joined Korea Telecom in 1992 and served as head of the corporations institutional sector, head of future business development, and head of the convergence research institute. Over more than 30 years, Park worked across KT's key business and technology areas and is particularly regarded for leading growth in the B2B (business-to-business transaction) business while serving as head of the corporations institutional sector. KT said it expects Park's AX capabilities, growth strategy, and commitment to enhancing corporate value to support the company's future growth.
The meeting also approved financial statements showing consolidated sales of 28.2442 trillion won and operating profit of 2.4691 trillion won for 2025. The dividend for the fourth quarter was set at 600 won per share, and the dividends will be paid on Apr. 15.
KT will continue to buy back and cancel treasury shares under its value-up program. It plans to purchase about 250 billion won worth of treasury shares by September this year. The meeting also approved a plan for holding and disposing of treasury shares, improving transparency in related decision-making procedures.
Directors were also appointed. Inside director Park Hyun-jin newly joined the board. Park previously served as CEO of kt Millie Seojae and KT Genie Music, as well as head of KT's customer strategy division and head of the 5G business division. As outside directors, Kim Young-han, a professor in the School of Electronic and Information Engineering at Soongsil University, was appointed, and as outside directors who will serve on the audit committee, Kwon Myung-sook, former head of Intel Korea, and Seo Jin-seok, a non-executive adviser to OCI Holdings and Bukwang Pharmaceutical, were appointed.
KT conducted a live online broadcast of the meeting for pre-registered shareholders again this year, following last year. Starting with the regular shareholders meeting in 2027, it plans to introduce an electronic shareholders meeting that will allow shareholders to exercise their voting rights online without attending in person.