Company Directory - KT Corporation
Company Details - KT Corporation

KT Corporation
WebsiteSeongnam, South Korea
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.
Latest Events
- MAR042025
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
- OCT232024
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
- OCT212024
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
- MAR042023
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
- DEC132022
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
- FEB182022
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.
- FEB172022
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.
-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.
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Industries
- 541511
- Custom Computer Programming Services
- 541512
- Computer Systems Design Services
- 517311
- Wired Telecommunications Carriers
- 517312
- Wireless Telecommunications Carriers (except Satellite)
- 517911
- Wired Telecommunications Carriers
- 517919
- All Other Telecommunications