KT Board Candidate Recommendation Committee Initiates New CEO Appointment Process

KT announced on the 4th that the Nomination Committee, composed entirely of outside directors, has resolved the plan to form a pool of CEO candidates and will commence the procedure for appointing the next CEO.

The Nomination Committee decided to form a pool of outside CEO candidates through recommendations from external professional organizations, as well as public recruitment and shareholder recommendations. Eligibility for public recruitment requires extensive corporate management experience and expertise to enhance corporate value, communication skills to secure trust from internal and external stakeholders and establish a cooperative management environment, leadership to establish the company’s business vision based on a global perspective and to encourage voluntary participation of employees, and expertise in relevant industries, markets, and technologies to effectively respond to changes in the industrial environment.

Applications will be accepted until 6 p.m. on the 12th. Shareholder recommendations are only possible for shareholders who have held at least 0.5% of KT shares for more than six months.

Additionally, qualifications for internal CEO candidates require at least two years of service within the KT Group and holding an executive position of vice president or higher, with management expertise and understanding of KT’s business. The Nomination Committee also decided that executives at the senior managing director level or above within the KT Group who apply through public recruitment will be included in the pool of internal CEO candidates.

KT stated, "We will complete the CEO candidate appointment process and prepare thoroughly to continue management aimed at sustainable growth and enhancing shareholder value as soon as the new CEO is appointed."

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