SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 6-K

 

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

OF THE SECURITIES EXCHANGE ACT OF 1934

For the month of April 2024

Commission File Number 1-14926

 

 

KT Corporation

(Translation of registrant’s name into English)

 

 

90, Buljeong-ro,

Bundang-gu, Seongnam-si,

Gyeonggi-do,

Korea

(Address of principal executive offices)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F ☒   Form 40-F ☐

 

 

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Decision to Dispose Treasury Shares

 

1. Number of shares to be disposed		Common Shares		108,128
		Other Shares		—
2. Share Price for Disposal (KRW)		Common Shares		36,400
		Other Shares		—
3. Estimated Total Amount* (KRW)		Common Shares		3,935,859,200
		Other Shares		—
4. Period of Disposal				From April 11, 2024 to June 24, 2024
5. Purpose of Disposal				To pay long-term performance-based incentives to executive officers and stock grant to outside directors for the year 2023 in the form of treasury shares.
6. Method of Disposal				Off-market transaction
8. Number of Treasury Shares before Disposal				11,447,338 (4.45% of total outstanding shares)
9. Date of Resolution				April 11, 2024

 

*	The above amount is calculated based on the closing price of KT common share of KRW 36,400 per share on April 9, 2024, and is subject to change according to the closing price on the actual disposal date.