KT Receives 27 Applications for CEO Position... Final Candidates to Be Confirmed in Early August

KT announced on the 13th that a total of 20 candidates applied during the open recruitment for CEO candidates held from the 4th to 6 PM on the 12th. One candidate was recommended by shareholders holding more than 0.5% of shares, and six candidates were recommended by external professional organizations.

Additionally, KT stated that it will proceed with the full evaluation process, including internal candidates who meet the qualifications for the internal candidate pool under the Nomination Committee regulations (such as being a group vice president or higher and having more than two years of service).

However, Park Jong-wook, Head of the Management Planning Division (President), who is currently acting as the CEO, will neither participate as a candidate for this CEO selection nor be involved in the appointment process to ensure fairness in the evaluation, and has expressed his intention to focus on stabilizing KT's management.

The Nomination Committee decided to form an advisory panel of external experts in corporate management expertise, industry expertise, and leadership and communication fields to strengthen the objectivity of the CEO candidate evaluation. The advisory panel will provide document evaluation opinions on both internal and external CEO candidates to the Nomination Committee, which will then use these opinions as a reference to narrow down the CEO candidates.

KT plans to finalize one candidate in the first week of August after document and interview evaluations of the CEO candidate pool formed this time. The selected candidate will be officially appointed as the new CEO at the shareholders' meeting at the end of August.

KT's board of directors discussed the composition of the board and committees today and newly appointed Director Yoon Jong-soo as the chairman of the board and Director Lee Seung-hoon as the chairman of the Nomination Committee.

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