LGman Kim Young-seop Appointed as Next KT CEO... Expected to Lead "Change and Innovation" (Comprehensive)

KT Board of Directors to Conduct In-Depth Interviews on the 4th... Final Candidate Selection

Former LG CNS CEO Kim Young-seop (photo) has been confirmed as the next CEO candidate for KT. The KT board highly evaluated Kim's extensive corporate management experience and ICT expertise.

On the 4th, the KT Board Candidate Recommendation Committee conducted in-depth interviews with three candidates for the next CEO and selected former President Kim as the final candidate. The committee stated that the in-depth interviews were conducted based on the qualifications for the CEO position stipulated in the articles of incorporation, opinions from key stakeholders, and the evaluation criteria prepared by the board.

The committee focused on ▲enhancing corporate value ▲securing internal and external trust and establishing a cooperative management environment ▲presenting management vision and directions for change and innovation ▲laying the foundation for sustainable growth during the interview evaluation.

Yoon Jong-soo, chairman of the KT board, said, "Candidate Kim clearly presented specific execution strategies for KT's future vision and mid-to-long-term corporate value enhancement based on his corporate management experience and ICT expertise."

He added, "Under the new management vision of KT, he is judged to be the best candidate to establish a sustainable growth foundation, lead change and innovation among employees, and build cooperative relationships with internal and external stakeholders."

Former CEO Kim is an 'LG man' who took his first step into society at Lucky-Goldstar Trading and worked at LG for 38 years. During his tenure as CNS CEO, he successfully improved the company's structure by expanding digital transformation (DX) businesses such as cloud, smart factory, and smart logistics under the banner of 'Cloud First.'

In 2016, the first year he took the helm, the company's sales were 2.9477 trillion KRW, and by 2021, the year before he stepped down, sales rose to 4.1431 trillion KRW, marking about 40% growth over five years. Especially since 2019, both annual sales and operating profits have set record highs every year, entering a growth trajectory.

The board highly evaluated not only Kim's years of experience as a CEO of an ICT company but also his DX capabilities. Chairman Yoon said, "He has excellent will to establish a management system and improve corporate culture that can lead change and innovation, and is expected to drive KT's future growth."

Chairman Yoon stated that he will do his best to achieve early management stabilization centered on the new CEO, create visible results based on internal and external trust, and establish a sustainable growth foundation.

Candidate Kim is scheduled to officially take office as KT CEO after approval at an extraordinary shareholders' meeting at the end of this month.

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