KT's Next CEO Candidate Yoon Kyung-rim President... Shareholders' Meeting Hurdle Remains

Highly Rated for DX Expertise, Change & Innovation, and Shareholder Value
To Assume KT CEO Position Following Shareholders' Meeting Approval Later This Month

The KT board of directors announced on the 7th that it has unanimously agreed to nominate Yoon Kyung-rim, head of the KT Group Transformation Division (President, photo), as the next CEO candidate and resolved to recommend the agenda to the regular shareholders' meeting. Four candidates, including Park Yoon-young, former head of KT's Enterprise Division (President), Yoon Kyung-rim, head of KT Group Transformation Division (President), Shin Soo-jung, head of KT Enterprise Division (Vice President), and Lim Heon-moon, former head of KT Mass Division (President), underwent in-depth interviews on the same day.

The KT board considered the qualifications for the CEO stipulated in the articles of incorporation and opinions on the image of the KT CEO gathered from major stakeholders. The CEO candidate screening committee conducted interviews focusing on establishing a sustainable growth foundation based on digital transformation (DX) capabilities, pursuing change and innovation, enhancing corporate value, and strengthening ESG management.

Kang Chung-gu, chairman of the KT board, explained, "Candidate Yoon Kyung-rim clearly presented a future vision for KT to grow into a global digital platform company in a rapidly changing market environment based on expertise in digital transformation," adding, "She has led change and innovation among employees and formed cooperative relationships with various stakeholders." He further evaluated, "She is expected to lead the enhancement of corporate value and the strengthening of ESG management." In particular, the board judged that "President Yoon Kyung-rim excels in developing new growth businesses and partnerships through open innovation and can lead KT Group's transformation into an artificial intelligence (AI) company."

Regarding governance issues of widely held companies, which have recently raised concerns from the government and the National Assembly, Chairman Kang said, "We will accelerate improvements in governance in line with changes in ESG management trends." The board plans to objectively review the current status of the CEO appointment process and the development of internal candidate pools through external consulting and prepare measures with objectivity.

President Yoon Kyung-rim is scheduled to officially take office as KT CEO after approval at the regular shareholders' meeting at the end of March.