KT CEO Candidate Kim Young-seop Prepares for March 30 Shareholders' Meeting... Receives Business Unit Reports

Quietly Preparing for Work
Official Appointment at the Temporary General Meeting

Kim Young-seop, former president of LG CNS, who has been selected as the final candidate for the next CEO of KT (photo), is quietly familiarizing himself with the business and focusing on preparing for the shareholders' meeting.

It is reported that Kim began understanding the business last weekend by receiving reports from various KT business divisions.

Accordingly, preparations to form a transition committee for the formal handover of duties are expected to commence soon.

Kim is reportedly preparing for the extraordinary shareholders' meeting scheduled for the 30th of this month to complete the official appointment process.

However, he has been refraining from public activities. Since being named the final candidate on the 4th, he has not released an official statement through KT, and when requested for an interview by Asia Economy, he said, "I will speak after the shareholders' meeting," withholding further comments.

Meanwhile, the extraordinary shareholders' meeting to discuss the agenda of appointing Kim as CEO will be held at 9 a.m. on the 30th at the KT Research and Development Center in Umyeon-dong, Seoul.

On that day, Kim must receive approval from 60% of the participating shares to be officially appointed as CEO. Major KT shareholders include the National Pension Service, Hyundai Motor Group, and Shinhan Bank.

In addition to the CEO appointment agenda, the meeting will also address the appointment of Seo Chang-seok, head of KT's Network Division, as an inside director, and amendments to the executive retirement pay regulations.

The terms of Kim and inside director candidate Seo Chang-seok will last a total of 2 years and 7 months, until the end of March 2026.

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