"Opportunity to Speak"... KT CEO Koo Hyun-mo's Position to Be Decided at 3 PM

[Asia Economy Reporter Oh Su-yeon] "There will be an opportunity to speak."

At 3 p.m. on the 9th, the telecommunications industry is focusing its attention on KT CEO Koo Hyun-mo's attendance at 'Corporate Day.' It is expected that CEO Koo will reveal his intention to seek reappointment through his attendance at Corporate Day.

Earlier, on the morning of the 7th, CEO Koo met with reporters in front of his residence in Songpa-gu, Seoul, and when asked about his decision regarding reappointment, he said, "There will be an opportunity to speak."

KT CEO Koo Hyun-mo is attending and presenting at the 'KT AI Strategy Press Conference' held on the 16th at the Sofitel Ambassador Seoul Grand Ballroom in Songpa-gu, Seoul. Photo by Kang Jin-hyung aymsdream@

Originally, CEO Koo planned to attend Corporate Day, which is held for institutional investors and analysts, to explain the company's performance and business direction. However, the situation changed rapidly as the KT board of directors began discussing a proposal to halt the next CEO appointment process and reconsider it from scratch that morning. CEO Koo now has to decide whether to challenge the next CEO position again or to give up on reappointment.

In the telecommunications industry, if CEO Koo decides to seek reappointment, it is believed that he will not appear at the Corporate Day event. This is because KT achieved strong performance last year, and there is concern that excessive focus on CEO Koo's reappointment could overshadow key management achievements. On the other hand, if CEO Koo appears at the Corporate Day event as scheduled, it can be interpreted as a signal that he is giving up on reappointment.