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Company Directory

Company Directory - KT Corporation

Company Details - KT Corporation

KT Corporation Logo

KT Corporation

Website

Seongnam, South Korea

KRX: 030200 

KT Corporation (KT) is South Korea's largest telecommunications company, offering a broad range of communication services including fixed-line, mobile, high-speed internet, and IPTV services. It plays a pivotal role in the digital transformation of the country.

CCI Score

CCI Score: KT Corporation

-41.98

0.01%

Latest Event

KT CEO Appointment Undermined by Political Interference

KT's process to appoint a new CEO has been tainted by overt political pressure, leading to the resignation of candidate Yun Kyung-lim and significant shareholder frustration. This event reflects potential authoritarian influence in corporate governance, compromising the company’s independence.

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TOADIE

KT Corporation is currently rated as a Toadie.

-30 to -44 CCI Score
Companies scoring in this range actively seek to please authoritarian regimes. They offer proactive support and assistance in exchange for preferential treatment, compromising ethical standards for business gains and political favor.

Latest Events

  • KT CEO Appointment Undermined by Political Interference Logo
    MAR
    04
    2025

    KT's process to appoint a new CEO has been tainted by overt political pressure, leading to the resignation of candidate Yun Kyung-lim and significant shareholder frustration. This event reflects potential authoritarian influence in corporate governance, compromising the company’s independence.

  • -60

    Executive Political Engagement

    March 27

    The article highlights that KT's CEO nomination process was heavily influenced by political pressure, resulting in the resignation of a candidate and sparking shareholder outrage. This interference suggests that corporate governance is being swayed by authoritarian interests, undermining the firm's autonomy and contributing to broader trends of executive political engagement that can fuel authoritarian practices.

    KT shareholders frustrated by political influence over CEO appointment

  • Call for Enhanced Supply Chain Ethics to Combat Forced Labor Logo
    OCT
    23
    2024

    A recent Thomson Reuters field study outlines key practices for minimizing forced labor in global supply chains through improved transparency, regular audits, and human rights impact assessments. As a major telecom provider, KT Corporation is encouraged to evaluate and strengthen its supply chain policies to ensure compliance with international labor standards and avoid complicity in systemic labor abuses.

  • +20

    Supply Chain Ethics

    March 27

    The article emphasizes the importance of combating forced labor through rigorous supply chain audits and transparent reporting. Forced labor is a critical human rights issue and companies lacking strong oversight are at risk of being complicit in such abuses. For KT Corporation, a leader in telecommunications with complex supply chains, the study’s findings suggest that without clear evidence of robust anti-forced labor measures, there is significant room for improvement. A cautious score of 20 reflects concerns about potential vulnerabilities in supply chain ethics that could indirectly support exploitative practices if left unaddressed.

    Study reveals key practices to combat forced labor within supply chains

  • KT Corporation Restructuring and Workforce Reduction Logo
    OCT
    21
    2024

    KT Corporation announced a major restructuring program, including the creation of two subsidiaries and the elimination of thousands of jobs as part of its pivot towards an AI-centric business model. The mass layoffs and voluntary retirement scheme raise significant concerns about labor rights and worker exploitation, which can contribute to broader economic inequality and support conditions that favor authoritarian practices.

  • -50

    Labor Relations and Human Rights Practices

    March 27

    The restructuring program involves significant job cuts and a shift in workforce allocation, which undermines labor stability and workers' rights. This move is indicative of business practices that prioritize cost-cutting over employee welfare, potentially exacerbating social inequality and indirectly fostering environments conducive to authoritarian policies.

    KT to embark on major restructuring with up to 6,000 jobs at stake – reports

  • KT vows to improve governance amid political influence controversy Logo
    MAR
    04
    2023

    KT Corporation is under scrutiny for political interference in its executive decisions, notably failing to appoint a new CEO due to government pressure. The company has vowed to reform its governance, highlighting long-standing issues of political influence and lack of transparency.

  • -50

    Public and Political Behavior

    March 27

    KT Corporation’s management has been significantly influenced by political pressure, as government and ruling party interference led to the forced resignation of its CEO. This undermines corporate independence and transparency, contributing to practices that support authoritarian influence.

    KT vows to improve governance amid political influence controversy

  • -40

    Business Practices and Ethical Responsibility

    March 27

    The company's failure to establish robust corporate governance practices, leading to interference in the CEO selection process, reflects poor business ethics and a lack of accountability. Such practices can indirectly bolster authoritarian influences by allowing political entities to sway corporate decisions.

    KT vows to improve governance amid political influence controversy

  • KT chairman accused of hiring politicians as lobbyists Logo
    DEC
    13
    2022

    KT's chairman Hwang Chang-gyu has been accused of employing former politicians and bureaucrats as lobbyists, suggesting a pattern of political entanglements and potential undermining of democratic norms. The allegations, reported by The Korea Times and raised by a Democratic Party member, indicate the company’s willingness to leverage political influence to secure favorable outcomes.

  • -70

    Political Contributions and Lobbying Efforts

    March 27

    KT Corporation is accused of paying significant sums to politicians and influential figures to secure advantageous positions and regulatory benefits. This financial involvement in political lobbying signals a troubling reliance on political clout that could contribute to authoritarian practices and subvert democratic accountability.

    KT chairman accused of hiring politicians, bureaucrats as lobbyists

  • -60

    Executive Political Engagement

    March 27

    The involvement of Chairman Hwang Chang-gyu in allegedly hiring political insiders as lobbyists demonstrates a concerning level of executive political engagement. This practice reflects an intertwining of corporate leadership with partisan political maneuvers that can erode the integrity of democratic processes.

    KT chairman accused of hiring politicians, bureaucrats as lobbyists

  • KT penalized for bribery involving political contributions and executive misconduct Logo
    FEB
    18
    2022

    KT Corporation faced a $6.3 million penalty for FCPA violations, involving the creation of slush funds used to make illegal political contributions and gifts to government officials in Korea and Vietnam. High-level executives, including the CEO, were implicated, revealing deep-rooted issues in the company's political engagement and ethics.

  • KT Corporation Settles FCPA Charges Over Illicit Political Contributions Logo
    FEB
    17
    2022

    KT Corp, South Korea's largest telecommunications provider, has settled with the SEC over FCPA charges related to improper payments and illegal political contributions in Korea and Vietnam. The settlement highlights systemic issues in internal controls and corporate governance that facilitated corrupt practices.

  • -60

    Public and Political Behavior

    March 27

    KT Corporation's use of slush funds to make improper payments and gifts to government officials represents a significant breach in public and political behavior. Such actions undermine democratic accountability and suggest a willingness to engage in practices that indirectly support authoritarian influences by circumventing fair political processes.

    SEC.gov Press Release: Largest South Korean Telecommunications Co. Agrees to Pay the SEC to Settle FCPA Charges

  • -50

    Business Practices and Ethical Responsibility

    March 27

    The settlement exposes KT Corporation’s inadequate internal controls and a lack of proper anti-corruption measures, which allowed the accumulation of slush funds used for illegal activities. This failure in ethical business practices contributes to a culture of corruption, undermining corporate responsibility and facilitating practices that can enable authoritarian influences.

    SEC.gov Press Release: Largest South Korean Telecommunications Co. Agrees to Pay the SEC to Settle FCPA Charges

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