KT Board under CEO Koo Hyun-mo Builds New Lineup... Official Launch on the 30th

All Three Inside Directors Replaced, Four Outside Directors Newly Appointed
Electronic Voting to be Held on the 30th Annual General Meeting

[Asia Economy Reporter Koo Chae-eun] A new lineup has been formed for the KT board of directors under CEO nominee Koo Hyun-mo. All three inside directors will be replaced, and four outside directors will be newly appointed. More than half of the total 11 directors, seven members, will be changed.

On the 11th, KT announced that it will put the appointment of CEO nominee Koo Hyun-mo and the board member changes on the agenda for the shareholders' meeting scheduled for the 30th. The new inside directors include CEO nominee Koo Hyun-mo, Park Yoon-young, Head of the Enterprise Division (President), and Park Jong-wook, Head of the Management Planning Division (Vice President).

Among the eight outside directors, four whose terms are ending will also be replaced with new figures. The new outside director candidates are ▲ Kang Choong-gu, Professor of Electrical and Electronic Engineering at Korea University, ▲ Park Chan-hee, Professor of Business Administration at Chung-Ang University, ▲ Yeo Eun-jung, Associate Professor specializing in Finance at Chung-Ang University’s Business Administration Department, and ▲ Pyo Hyun-myung, former President of Lotte Rental. KT is known to have recommended candidates focusing on the expertise and diversity of outside directors. Notably, former Lotte Rental President Pyo Hyun-myung is a figure who competed with CEO Koo Hyun-mo during the KT CEO selection process, drawing attention.

These four new outside directors will serve alongside Lee Kang-chul, Senior Secretary for Civil Society during the Roh Moo-hyun administration, Kim Dae-yoo, Senior Secretary for Economic Policy during the Roh Moo-hyun administration, Yoo Hee-yeol, former Vice Minister of Science and Technology, and Sung Tae-yoon, Professor of Economics at Yonsei University, to monitor and oversee KT’s management as outside directors.

Meanwhile, KT will hold the shareholders' meeting in the form of electronic voting to prevent the spread of the novel coronavirus (COVID-19). Shareholders can exercise their voting rights through online electronic voting without attending the meeting in person.

This content was produced with the assistance of AI translation services.