6-K - KT - Equibles

SECURITIES AND EXCHANGECOMMISSION

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 2025

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.

Dated: April 17, 2025
KT Corporation
By:	/s/ Youngkyoon Yun
Name:	Youngkyoon Yun
Title:	Vice President
By:	/s/ Sanghyun Cho
Name:	Sanghyun Cho
Title:	Director

ANNUAL REPORT OF KT CORPORATION

(From January 1, 2024 to December 31, 2024)

(Translation of the Annual Report filed in Korean with the Financial Supervisory Service of Korea)

Table of Contents

ANNUAL REPORT OF KT CORPORATION	1
I. Corporate Overview	2
II. Details of Businesses	7
III. Financial Information	32
IV. Auditors’ Opinion	37
V. Management	41
VI. Shareholder Information	66
VII. Directors, Senior Management and Employees	67
VIII. Affiliated Companies	84

Independent auditors’ reports on both Consolidated and Separate financial statements (K-IFRS) were filed to the SEC on March 13, 2025 (File Number 001-14926 / Film Number 25733702).

THIS IS A SUMMARY OF THE ANNUAL REPORT ORIGINALLY PREPARED IN KOREAN WHICH IS IN SUCH FORM AS REQUIRED BY THE KOREAN FINANCIAL SERVICES COMMISSION.

IN THE TRANSLATION PROCESS, SOME PARTS OF THE REPORT WERE REFORMATTED, REARRANGED OR SUMMARIZED FOR THE CONVENIENCE OF READERS.

UNLESS EXPRESSLY STATED OTHERWISE, ALL FINANCIAL INFORMATION CONTAINED HEREIN IS PRESENTED ON A CONSOLIDATED BASIS IN ACCORDANCE WITH THE INTERNATIONAL FINANCIAL REPORTING STANDARDS ADOPTED FOR USE IN KOREA (“K-IFRS”) WHICH DIFFER IN CERTAIN RESPECTS FROM GENERALLY ACCEPTED ACCOUNTING PRINCIPLES IN CERTAIN OTHER COUNTRIES, INCLUDING THE UNITED STATES. THE COMPANY HAS MADE NO ATTEMPT TO IDENTIFY OR QUANTIFY THE IMPACT OF THESE DIFFERENCES.

I. Corporate Overview

1. Overview

A. Name ofthe Company : KT Corporation ****

B. Overview of Subsidiaries (As of December 31, 2024) : 83 Companies, excluding KT.****

- Increase/Decrease in number of Subsidiaries

(Unit : Companies)

Classification	Subsidiaries
	year-beginning		Increase		Decrease		year-end
Listed		9		0		0		9	9
Other		75		4		5		74	20
Total		84		4		5		83	29

※ Significant changes in Subsidiaries

Classification	Name of Subsidiary	Causes for Changes
Newly included Subsidiaries	BC Strategic Investment Partnership No. 2	Established in Q2 2024
	K-Logistics Hwaseong Co., Ltd.	Established in Q3 2024
	KT Net Core Co., Ltd.	Established in Q4 2024
	KT P&M Co., Ltd.	Established in Q4 2024
Excluded from Subsidiaries	Lolab Co., Ltd.	Disposed in Q2 2024
	Pocheon Jeonggyori Development Co., Ltd.	Liquidated in Q2 2024
	KT Healthcare Vina Company Limited	Disposed in Q2 2024
	Juice Co., Ltd.	Disposed in Q4 2024
	KT NexR Co., Ltd.	Merged with KT Co., Ltd. in Q4 2024

C. Date of Incorporation: December 10, 1981 ****

D. Location of Headquarters: 90 Bulljeong-ro, Bundang-gu, Seongnam-city, Gyeonggi-do 13606, Korea ****

E. Significant changes in management and auditor

Date of change	Types of<br>shareholders’<br>meetings	Appointment		End of term or dismissal
		New appointment	Reappointment
August 30, 2023	Extraordinary<br><br><br>Shareholders’<br> <br>Meeting	(Representative Director) Young Shub Kim<br><br><br>(Inside Director) Chang-Seok Seo	—	—
June 30, 2023	Extraordinary<br><br><br>Shareholders’<br> <br>Meeting	(Outside Director)<br><br><br>YangHee Choi<br> <br>Woo-Young Kwak<br><br><br>Jong Soo Yoon<br> <br>Yeong Kyun Ahn<br><br><br>Seung Hoon Lee<br> <br>Seongcheol Kim<br><br><br>Seung Ah Theresa Cho	—	—
March 31, 2023	Annual General<br><br><br>Shareholders’<br> <br>Meeting	—	—	(Outside Director)<br><br><br>Hyunmyung Pyo<br> <br>Chung-gu Kang<br><br><br>Eunjeong Yeo *
March 28, 2023	—	—	—	(Representative Director) Hyeonmo Ku<br><br><br>(Outside Director)<br> <br>Huiyeol Yu<br>(resigned)<br> <br>Dae-yu Kim (resigned)
March 27, 2023	—	—	—	(Inside Director) Kyoung-Lim Yun (resigned)
March 06, 2023	—	—	—	(Outside Director)<br><br><br>Benjamin Hong (resigned)
January 12, 2023	—	—	—	(Outside Director)<br><br><br>Kang-chul Lee (resigned)
*	At the general meeting of shareholders held on March 31, 2023, the terms of office for outside directors,<br>Hyeon-myeong Pyo, Chung-gu Kang, and Eunjeong Yeo, expired. However, in accordance with Article 386, Paragraph 1 of the Commercial Act, new outside directors were appointed at the 2023 extraordinary general meeting of shareholders, and the outgoing<br>directors maintained their rights and duties as outside directors until the new directors’ rights and duties commenced.
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2. Total Number of Shares and Related Matters

A. Status of Capital Increase/Decrease(As of December 31, 2024) (Unit: KRW million, Shares)

There has been no change in capital stock for the past 5 business years.

Type of Stock	Category
Common Stock	Current Number of<br>Issued Shares	252,021,685	257,860,760	261,111,808
	Par value (KRW)	5,000	5,000	5,000
	Capital Stock	1,564,499	1,564,499	1,564,499

B. Total Number of Shares(As of December 31, 2024) (Unit: Shares)

Category		Type of Shares
		Commonshares		Preferredshares
I. Total Number of Authorized Shares			1,000,000,000		—	1,000,000,000
II. Total Number of Issued Shares			312,899,767		—	312,899,767
III. Total Number of Reduced Shares			60,878,082		—	60,878,082
Details of Reduced Shares	1. Reduction of Capital		—		—	—
	2. Share Cancellation		60,878,082		—	60,878,082
	3. Redemption of Redeemable Shares		—		—	—
	4. Other		—		—	—
IV. Current Number of Issued Shares (II – III)			252,021,685		—	257,860,760
V. Number of Treasury Shares			6,188,739		—	6,188,739
VI. Current Number of Issued and Outstanding Shares			245,832,946		—	245,832,946
VII. Treasury Share Ownership (%)			2.46			2.46

C. Acquisition and Disposal of Treasury Shares (As of December 31, 2024) (Unit: Shares)

		Type of<br>Shares
Method of Acquisition				Acquired<br>(-)		Disposed<br>(-)		Cancelled<br>(-)
Direct Acquisition	On the Market	Common<br>Shares	—		695,775		—		695,775	—
	OTC Transaction	Common<br>Shares	11,447,338		—		115,299		5,143,300	6,188,739
Total		Common<br>Shares	11,447,338		695,775		115,299		5,839,075	6,188,739

3. Articles of Incorporation

Date of amendment	The name of<br>Shareholders’<br>Meeting	Significant Changes	Causes for the Changes
March 28, 2024	The 42^nd^ Annual General Meeting of Shareholders	Introduction of quarterly dividends (Article 49, Article 49-2)<br> <br><br><br><br>Change of dividend record date (Article 49)<br> <br><br><br><br>Clarification of terms (Article 34)	Introduction of quarterly dividends and deletion of provisions related to interim dividends due to the introduction of quarterly<br>dividends<br> <br><br> <br>Establishment of grounds to change the dividend record date, which is set<br>as the end of the term in the articles of incorporation, to another date (after the dividend amount is confirmed)<br> <br><br><br><br>Clarification of the Representative Director’s term management plan to the management plan within the term
June 30, 2023	The First Extraordinary Shareholders’ Meeting in 2023	Reduction in the number of internal directors (Articles 24, 29)<br> <br><br><br><br>Abolition of multiple<br> <br>Representative Directors<br><br><br>(Articles 18, 25, 29)<br> <br><br><br><br>Upward revision of the resolution criteria for the appointment of Representative Directors (Article 25)<br><br><br><br> <br>Amendments to the provisions relating to the terms of directors (Article 26 (deleted),<br>Article 27, Article 28 (deleted))<br> <br><br> <br>Qualifications for Representative Directors<br>(Article 25)<br> <br><br> <br>Establishment of a Governance Structure Committee (Article 41-2)<br><br><br><br> <br>Establishment of a Nomination Committee for director candidates (Articles 25, 32, 33,<br>41, 42)<br> <br><br> <br>Composition of the Nomination Committee for director candidates (Article<br>42)	Reduction in the number of internal directors to strengthen the independence of the board<br><br><br><br> <br>Abolition of the multiple Representative Directors system to strengthen the<br>accountability of the Representative Director<br> <br><br> <br>Increase in the approval criteria for<br>the appointment of the Representative Director to ensure the selection of the most qualified candidate with the support of majority shareholders<br> <br><br><br><br>Elimination of staggered terms and related regulations for outside directors and clarification of the basis for differentiated terms for directors<br><br><br><br> <br>Enhancement of the qualifications criteria for the Representative Director and<br>establishment of guidelines for the selection of Representative Director candidates<br> <br><br><br><br>Establishment of a Governance Structure Committee comprised of four outside directors to enhance independence (excluding internal directors)<br><br><br><br> <br>Integration of the Representative Director Candidate Evaluation Committee and Outside<br>Director Candidate Recommendation Committee into the “Director Candidate Recommendation Committee”<br> <br><br><br><br>Composition of the Director Candidate Recommendation Committee with all outside directors to strengthen independence (excluding internal<br>directors)

March 31, 2023	The 41st Annual General Meeting of Shareholders	Addition of a new purpose of business (Article 2): 35. Facility rental business<br><br><br>Introduction of reporting obligations for treasury stock (Article 48-2)<br> <br><br><br><br>Introduction of obligation to obtain shareholder approval for acquisition of treasury stock through cross-shareholding (Article 48-3)	Implementation of rental business to expand the customer base for DIGICO B2C<br><br><br><br> <br>Strengthening communication with shareholders regarding treasury stock<br><br><br><br> <br>Enhancing communication with shareholders regarding treasury stock
※	The latest amendment date of the Articles of Incorporation is March 28, 2024, and the agenda for the 43rd<br>regular shareholders’ meeting (scheduled to be held on March 31, 2025) includes a proposal to amend part of the Articles of Incorporation.
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II. Details of Businesses

1. (Consumer Services) Business Overview

All Consolidated companies of KT ( including KT) can be distinguished by a separate legal entity that provides independent services and products, and the business of each affiliated company is categorized into (1)ICT that provides wireless and wired communication/convergence services, (2)Financebusiness that provides credit card services, (3)Satellitebroadcasting services, (4)Real estate business utilizing KT’s assets, and (5)Other businesses carried out by subsidiaries including content, information technology, global business, and others.

Revenue by division(Unit: KRW million)

	FY2024				FY2023				FY2022
Business Division	Revenue		%		Revenue		%		Revenue		%
ICT		18,579,678		58.7		18,371,437		58.3		18,289,243		59.4
Finance		3,557,455		11.2		3,720,859		11.8		3,613,981		11.7
Satellite Broadcasting		706,305		2.2		708,217		2.2		704,928		2.3
Real Estate		595,814		1.9		583,504		1.9		485,056		1.6
Other		8,204,574		25.9		8,118,542		25.8		7,708,737		25
Sum		31,643,826		100		31,502,559		100		30,801,945		100
Cons’ Adjustments		-5,212,622		—		-5,126,286		—		-5,151,934		—
Total		26,431,204		—		26,376,273		—		25,650,011		—

Financial statements for the 43^rd^, 42^nd^, and 41^st^ fiscal years are in accordance with K-IFRS No. 1116

A. ICT: KT Corporation

KT Corporation provides wireless communication, high-speed internet, corporate lines, and other fixed-line and wireless communication services for retail and corporate customers, as well as IPTV and other paid broadcasting services, AI/IT business, and B2B services. KT Corporation is integrating AX capabilities into its communication, media, and IT businesses to secure growth momentum.

B. Satellite Broadcasting Service Business:KT Skylife Co., Ltd.

KT Skylife Co., Ltd. pioneered the commercialization of multi-channel HD based on H.264 in Korea, leading the domestic HD broadcasting service market. It has launched the largest UHD multi-channel service in Korea and reflects customer trends towards rational consumption with its ‘30% discount home bundle’ product. Since 2020, it has launched the budget phone service ‘Skylife Mobile,’ offering a triple bundle product (TPS) combining MVNO phones, satellite broadcasting, and internet.

C. Real EstateBusiness: KT Estate Co., Ltd.

KT Group’s real estate business continues stable growth with a business strategy centered on owned assets. Through periodic portfolio strategy updates, it selects products reflecting real estate market fluctuations and maximizes asset value, while creating new spaces incorporating ICT innovative technologies.

D. Other Businesses: Commerce, Advertising, etc.

Genie Music Co., Ltd. operates a digital music service business, with genie being a leading music service brand in Korea, strengthening its position as a domestic music service provider.

KT Alpha Co., Ltd. is expanding its commerce business base from TV to mobile and is creating synergies through its merger with KT M House Co., Ltd., which has capabilities in the mobile coupon business.

Nasmedia Co., Ltd. operates internet and mobile display advertising, IPTV, and digital outdoor advertising media sales as its main business.

KT Studio Genie Co., Ltd. was established on January 28, 2021, to lead the group’s media/content business (content production/planning/investment/distribution, etc.) and has since strengthened its position as a media operator through the discovery of quality content.

KT Sat Co., Ltd.’s satellite service business generates revenue by securing satellites and providing services using orbit and frequency allocated by the government. It provides satellite services using four self-owned satellites and satellite transponder services from overseas operators.

KT Cloud Co., Ltd. has been expanding its customer base in the DC and Cloud business since its launch on April 1, 2022, solidifying market leadership in Cloud, AI Cloud, DC, and other business areas, and continuing its growth.

2. (Consumer Services) Major Products and Services

A. ICT : KT

Price fluctuations of KT’s mobile plans, IPTV, broadband, fixed-line phones, and combined products are as follows. For more information, please refer to the product service contents on our website(https://product.kt.com). Prices below do not reflect additional discounts.

-	Mobile Services (Unit : KRW, VAT included)
Plan		Monthly Rate
---	---	---	---
5G Choice	Premium Choice		130,000
	Special Choice		110,000
	Basic Choice		90,000
5G Simple 110GB/90GB/70GB/50GB/30GB			69,000/67,000/65,000/63,000/61,000
5G Slim 21GB/14GB/10GB/7GB/4GB			58,000/55,000/50,000/45,000/37,000
-	New Rate Plan: Online (KT.com) exclusive ‘Yogo’ rate plan (launched January 2024)<br>
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-	IPTV
---	---
•	TV rate plan restructured into a choice format (June 2, 2022), followed by an expansion of choice product lineup.<br>
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•	New rate plan launch: Genie TV Disney+ Choice Standard/Premium (June 2024).
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-	Broadband
---	---
•	Product lineup includes Essence (maximum speed 1Gbps), Basic (maximum speed 500Mbps), Slim Plus (maximum speed<br>200Mbps).
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•	New rate plan launch: Online (KT.com) exclusive ‘Affordable Discount’ rate plan (January 2024).<br>
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B. Satellite Broadcasting Service Business: KT Skylife Co., Ltd.

KT Skylife’s TV business is categorized into skyTV, GTS (formerly OTS), and UHD products. Internet rate plans are classified by speed (maximum 100Mbps, 200Mbps, 500Mbps, 1Gbps). Mobile rate plans are divided into data plans around 10,000 KRW, selectable plans, and unlimited plans. Detailed rate plan descriptions can be found on the website (skylife.co.kr).

C. Other Businesses

-	Genie Music

The price trends of our main service, music service plans, are as follows (unit: KRW)

Category	Product Type	Product (Pass) Composition
Digital Music Service	Unlimited Music Streaming	Data Safe Music Streaming	10,900	10,900	10,900
		Music Streaming (PC + Mobile)	8,400	8,400	8,400
		Smart Music Streaming (Mobile Device Only)	7,400	7,400	7,400
	MP3 Download	Monthly 5 Songs Download	3,000	3,000	3,000
		Monthly 10 Songs Download	5,500	5,500	5,500
	Music Streaming by Play Count	300 Plays	4,800	4,800	4,800
		100 Plays	1,600	1,600	1,600
		20 Plays	800	800	800
Partnership Service	Music + E-book Unlimited Use (genie X millie)	Music (Mobile) Streaming + E-book/Audiobook	13,000	13,000	13,000
-	KT CS, KT IS
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Due to the nature of contact centers, it is difficult to derive meaningful figures through average price calculation.

-	KT M Mobile Co., Ltd.

KT M Mobile’s mobile rate plans are divided into postpaid phone plans, terminal bundle plans, and USIM-only plans. Detailed rate plan descriptions can be found on the website (ktmmobile.com).

-	KT Cloud
1)	Cloud
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Public	- On-demand service that provides Cloud-based IT infrastructure<br>(computing/storage/NW, etc.) tailored to client needs, available whenever and as much as needed<br><br><br>- Offers high performance and stability without concerns for IT procurement, operation, or<br>management
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CDN	- Contents Delivery service that delivers large-scale contents in real-time anywhere in<br>the world<br> <br>- Supports 100+ countries and 200,000+ Edge services
Private	- Client-specific Cloud service independently built at client’s location<br><br><br>- Provides tailored services optimized for client business environments with high stability and excellent<br>security
Marketplace	- Digital catalog service that curates industry-leading 3^rd^ party solutions to clients’ needs<br><br><br>- Provides easy access to solutions that are optimized for clients’ business needs
AI Computing	- Service providing flexible and scalable AI accelerators for AI<br>learning/inference.<br> <br>- Allows variable adjustment of the accelerator’s computing performance and<br>memory capacity, offering cost-saving benefits by charging only for usage.

2)	DC
Colocation	- Provides advanced computing infrastructure by directly accessing KT IDC Internet<br>backbone network to improve internet connectivity speed and by providing power, air conditioning, and security infrastructure.
---	---
Managed Service	- IT outsourcing service managing the customer’s IT systems and various data<br>center infrastructure resources using KT Cloud’s infrastructure (including monitoring tool rental, IT infrastructure operation, maintenance, relocation, consulting, etc.).
DCx (DC Everything)	- Service that designs, builds, and operates the customer’s own data center<br>tailored to their needs.
Connectivity	- Service that provides various NW connections with DC/CSP for data center tenants<br>(including XC, HCX, DCI, etc.).

3. (Consumer Services) Information about property, plant and equipment

A. Status of property, plant and equipment(As of December 31, 2024)

- Land	(Unit: KRW million)
Book value as of<br>January 1,<br>2024	Increase		Decrease		Book value as<br>of<br>December 31, 2024		official land price
---	---	---	---	---	---	---	---	---
848,709		13,697		-1,928		860,478		5,655,421
- Building	(Unit: KRW million)
---	---
Book value as of<br>January 1,<br>2024	Increase		Decrease			Book value as<br>of<br>December 31, 2024			official land price
---	---	---	---	---	---	---	---	---	---	---
983,714		64,641		(1,406	)		(70,010	)		976,939
- Other property, plant and equipment	(Unit: KRW million)
---	---
Classification	Book value as<br>of<br>January 1, 2024		Increase		Decrease			Depreciation<br><br><br>Cost			Book value as<br>of<br>December 31, 2024
---	---	---	---	---	---	---	---	---	---	---	---	---
Constructed Structure		43,684		963		—			(3,146	)		41,501
Machinery facilities		5,134,670		1,528,420		(37,768	)		(1,722,260	)		4,903,062
Cable facilities		3,615,847		612,630		(29,495	)		(592,995	)		3,605,987
Financial Leasing		976,625		288,904		(24,476	)		(344,754	)		896,299
Others		70,312		24,357		(1,305	)		(31,430	)		61,934
Sum		9,841,138		2,455,274		(93,044	)		(2,694,585	)		9,508,783

KT Skylife

- Operating equipment	(Unit: KRW million)
Land(m^2^)	Building(m^2^)		Sum(m^2^)		Book value
---	---	---	---	---	---	---
396		22,732		23,128		16,440

Other business equipment

(Unit: KRW million)

Classification	Asset value
Broadcast center		25,471
Satellite receiving device		64,564
Sum		90,035

KT Estate

- Investment real estate	(Unit: KRW million)
Book value as of<br><br><br>January 1, 2024	Acquisition<br>or<br>Subsitution			Depreciation<br>cost			Disposal			Book value<br>as of<br><br><br>December 31,<br>2024
---	---	---	---	---	---	---	---	---	---	---	---
1,139,102		(1,392	)		(38,017	)		(33,976	)		1,065,717
- Tangible assets	(Unit: KRW million)
---	---
Book value as of<br><br><br>January 1, 2024	Acquisition<br>or<br>Subsitution		Depreciation<br>cost			Disposal			Book value<br>as of<br><br><br>December 31,<br>2024
---	---	---	---	---	---	---	---	---	---	---
79,036		3,286		(7,178	)		(1,696	)		73,448

B. Capital Expenditure

KT, on stand alone basis, invested a total of KRW 2.299 trillion as CAPEX (Capital Expenditure) during 2024. Major subsidiaries’ CAPEX for 2024 was KRW 0.823 trillion for the growing businesses such as finance, media/content, cloud/IDC, and real estate.

4. (Consumer Services) Revenue from Major Business Areas

A.	ICT : KT

(1) Performance in terms of revenue (Unit: KRW millions, %)

Category	2024				2023				2022
	Amount		%		Amount		%		Amount		%
Service revenue		16,153,402		86.9		15,932,421		86.7		15,766,188		86.2
Merchandise sales		2,426,276		13.1		2,439,016		13.3		2,523,055		13.8
Total		18,579,678		100.0		18,371,437		100.0		18,289.243		100.0

(2) Methods and Conditions of Sales

KT provides our products and services to customer through the sales organization and channel as above, basically, customers pay the service charges with cash, bank direct debit bill and credit card. In addition to monthly service fee, customers must pay the equipment rental fee and installment fee as well.

For the B2B business, the supply conditions and service fees are determined via a negotiation with enterprise customers.

(3) Sales Strategy

(a) Mobile Service

•	Device leadership : Differentiate wireless experience with pre-emptive adoption of<br>differentiated 5G/LTE smartphones and new forms of emerging devices.
•	Network quality differentiation : 5G first C-DRX Application and 5G network quality based on<br>edge communication center, tight national network LTE-A Network.
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•	Innovative rate plans : ‘5G Choice plan’ to offer unlimited data and worldwide data roaming, and LTE<br>data ON providing unlimited data across all plans
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•	Segment marketing : Introducing products exclusively for young customers such as Y super pan, Y24 and providing<br>premium single bundled rate plan optimized for single-person households
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•	Loyalty program : A variety of mobile phone replacement programs and installment plans, including<br>industry-leading membership benefits, long-term customer special benefits, and rental services to reduce inconvenience in device replacement.
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•	New additional service: New additional services (V Coloring, etc.) that will become the driving force for<br>additional sales based on the 5G platform.
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•	Differentiated service : The CS system optimized for smartphones, the benefits of reducing telecommunication<br>charge through affiliated cards, differentiated mobile phone insurance products, and ‘Dual Number’ service to use 2 phone numbers in 1 phone.
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(b) Broadband Internet Service

•	Lead the market with preemptive GiGA infrastructure investment and service quality enhancement<br>
•	Expand sales synergy by bundling products between telco (5G, IPTV, etc.) and non-telco (CCTV, IoT,<br>etc.) services
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•	Broaden internet business coverage such as low cost market with skylife internet resale
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•	Provide the optimized wireless internet environment through introducing advanced WiFi devices such as ‘GiGA<br>WiFi home ax’, ‘GiGA WiFi Buddy ax’, ‘GiGA WiFi Premium 6E’, etc.
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•	Offer the customized services for specific segments based on the customer behavior analysis to enhance customer<br>convenience
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•	Expand the product lineups including bundling, WiFi devices for small business owners
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•	Acquire a number of broadband lines by winning the B2B/B2G orders e.g. mobile internet infrastructure installment<br>business.
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•	AP sales expanded and additional sales increased with the launch of the new WiFi model (KT WiFi 6D) (launched on<br>24.01.02).
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•	Non-face-to-face channel-only benefits provided with the launch of the direct-only product.<br>
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(c)	Telephone Service
---	---
•	Preemptive care activities to minimize customer churn :
---	---
•	Uncombined customers using the Internet and TV products : Service bundling propulsion
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•	Customers who need home telephony service : Promoting KT telephony 3000 price plan
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•	SOHO, small business customers : Pushing to sign up for converged products including Telephone manager, Ringo<br>
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•	Preventing from decreasing revenue by restructuring price plans :
---	---
•	Rolling out new VoIP price plan which is charging per second(February, 2020)
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(d) IPTV Service

•	Improve the product’s marketability take into strategic partnerships considering the changes in the media<br>environment
•	Increase IPTV sales by introducing new media devices
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•	Based on AI, organizing personalized content and strengthening the recommendation
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B. Satellite Business (KT Skylife)

(1) Performance in Terms of Revenue(Unit: KRW millions, %) ****

Category	2024				2023				2022
	Amount		%		Amount		%		Amount		%
Service revenue		444,391		62.92		435,397		61.5		399,555		57.6
Platform revenue		203,977		28.88		209,602		29.6		217,167		31.4
Others		57,936		8.20		63,218		8.9		76,201		11.0
Total		706,305		100.0		708,217		100.0		693,778		100.0
※	The above numbers are written on a separate basis.
---	---
※	Platform revenue: Advertisement revenue + Home shopping transmission<br>fee + T-commerce transmission fee
---	---
※	Service revenue: Broadcasting revenue + Internet revenue + Mobile revenue
---	---

(2) Sales Organization and Channels

KT Skylife currently has various sales channels such as skylife head office, customer center, 196 sales offices which are further organized under 10 branches (3 in Seoul, 2 in Busan, and 1 each in Daegu, Wonju, Daejeon, Gwangju, and Jeonju), approximately 203 local business operators, KT, and HCN.

Sales offices perform sales and services through consignment contracts with KT Skylife, and 2 customer centers(one each in Suwon, Gwangju) perform business activities such as customer counseling, as well as defending customer churn and attracting new subscribers.

The combined products are sold through KT’s in-house/outdoor sales channels and group companies, which are nationwide, and we are continuously sold on the headquarters’ website.

In addition, we have been continuously partnering with various on and off-line companies such as companies, government offices, and online markets to secure sales channels.

C. Others Business

KT Estate

(1) Performance in Terms ofRevenue(Unit: KRW millions, %) ****

Category	2024				2023				2022
	Amount		%		Amount		%		Amount		%
Rental business		188,788		31.0		184,477		31.2		175,167		35.9
Development business		78,148		12.8		89,073		15.1		11,156		2.3
PM fee		71,472		11.7		63,612		10.7		58,073		11.9
Real estate commission business		228,107		37.4		195,797		33.1		140,098		28.7
Others		43,051		7.1		58,826		9.9		103,257		21.2
Total		609,566		100.0		591,785		100.0		487,751		100.0
※	Performances were written in accordance with K-IFRS
---	---

2) Sales Organization and Channels

KT Estate’s main business is real estate leasing service and development. For this reason, this report does not disclose the sales organization and channels information.

KT Sat

(1)Performance in Terms of Revenue(Unit: KRW millions, %) ****

Category	2024				2023				2022
	Amount		%		Amount		%		Amount		%
Gap filler rentals		109,752		58.3		108,661		59.7		105,171		58.4
Data transmission		13,663		7.3		14,019		7.7		17,990		10.0
Video transmission		7,559		4.0		7,979		4.4		8,340		4.6
Mobile satellite service		28,680		15.2		28,243		15.5		24,507		13.6
Others		28,560		15.2		23,246		12.8		24,067		13.4
Total		188,214		100.0		182,149		100.0		180,075		100.0
※	Performances were written in accordance with K-IFRS
---	---

(2) Sales Organization and Channels

KT SAT’s sales organization manages and operates customers by region. Due to the characteristics of the service, the company has a large number of corporate customers and is attracting new customers through sales of internal sales representatives and external distribution networks (partners).

KT alpha

(1)Performance in Terms of Revenue(Unit: KRW millions, %) ****

Category	2024				2023				2022
	Amount		%		Amount		%		Amount		%
T-Commerce(K Shopping)		275,328		70.9		288,605		73.5		320,109		74.7
T-Commerce(K Shopping)		112,842		29.1		104,177		26.5		108,140		25.3
Total		388,170		100.0		392,782		100.0		428,249		100.0
※	Performances were written in accordance with K-IFRS.
---	---
※	Sales figures for 2022 and 2023 have been restated to reflect the discontinuation of operations due to the<br>transfer of the content distribution business.
---	---

(2) Sales Organization and Channels

(a) T-Commerce

After the MD has signed a contract with the vendor to supply the product, the product information is provided directly to the general customer through platforms such as VOD, TV, Internet, and mobile. After receiving the customer’s order through TV remote control, internet, and mobile, if payment is made, we will ship the product through the delivery company.

(b) Mobile Gift Commerce

KT alpha divides its customers to B2B and B2C depending on the purchasing entities and provides its service. For the B2B customers, the company carries out the sales activities directly to enterprise customers who want to purchase in bulk. Also, the company provides the mobile gift certificate purchase online service (“Giftishow biz”) optimized for business purchase process indirectly such as promotion planning and managing the budget, etc. For B2C customers, the company service through its own web/app and also a variety of affiliate channel such as mobile commerce channel and online open market, etc.

Genie Music

(1) Performance in Terms ofRevenue (Unit: KRW millions, %)

	2024				2023				2022
Category	Amount		%		Amount		%		Amount		%
Music business		187,489		82.0		200,410		80.0		222,660		92.7
Others		41,847		18.0		50,192		20.0		17,610		7.3
Total		229,336		100.0		250,602		100.0		240,270		100.0
※	The numbers are on a separate basis and were written in accordance with K-IFRS.
---	---

(2) Sales Organization and Channels

(a) Music Business (Music Services, Content Distributor)

Genie Music provides music services directly to the domestic customers through its own music platform Genie such as website, mobile app and etc. Also, the company is providing music services through the value-added services which telecom companies roll out.

As a content distributor, Genie Music distributes a variety of content including music sources to the domestic and overseas business players.

(b) Others (Performance, MD and etc.)

Genie Music generates others revenue through performance business, MD products, etc.. For the performance business, it shares ticket sales from performances with production/planning companies. For the MD business, the company is selling the MD products (which are bought or imported from MD vendor) to the online and offline stores.

KT Telecop

(1)	Performance in Terms of Revenue (Unit: KRW millions, %)
	2024				2023				2022
---	---	---	---	---	---	---	---	---	---	---	---	---
Category	Amount		%		Amount		%		Amount		%
Security service		527,472		99.2		521,519		99.2		510,384		98.8
Distribution		3,674		0.7		3,781		0.7		5,403		1.1
Others		524		0.1		646		0.1		647		0.1
Total		531,670		100.0		525,946		100.0		516,434		100.0

※ The above numbers are written on a separate basis.

(2)	Sales Organization and Channels

KT Telecop operates the business department, regional headquarters strategic sales team, branch offices. And we provide dispatch security service and integrated security service.

Nasmedia

(1)	Performance in Terms of Revenue (Unit: KRW millions, %)
	2024				2023				2022
---	---	---	---	---	---	---	---	---	---	---	---	---
Category	Amount		%		Amount		%		Amount		%
Digital Advertising		60,846		58.6		60,160		55.0		66,184		61.3
Platform		42,979		41.4		49,170		45.0		41,794		38.7
Total		103,825		100.0		109,329		100.0		107,977		100.0

※ The above numbers are written on a separate basis.

(2)	Sales Organization and Channels

The online advertising industry can be divided into four areas: advertisers, advertising companies, media reps, and media. Media reps sells media time or space to advertisers and advertising for media owners and generate revenue based on commission from media owners.

KT Studio Genie

(1)	Performance in Terms of Revenue (Unit: KRW millions, %)
	2024				2023				2022
---	---	---	---	---	---	---	---	---	---	---	---	---
Category	Amount		%		Amount		%		Amount		%
Content Production		125,502.1		91.5		206,574		93.3		95,083		93.7
Distribution Agency		5,253.8		3.8		8,063		3.6		3,096		3.0
PR Agency		3,209.6		2.3		5,409		2.4		2,442		2.4-
Others		511.1		0.4		1,315		0.7		833		0.9
Total		137,112.9		100.0		221,360		100.0		101,454		100.0

2)	Sales Organization and Channels

KT Studio Genie sells its content and televising rights through the captive channels (KT and KT’s subsidiaries), the domestic non-captive channels and global partners.

KT Cloud

(1)	Performance in Terms of Revenue (Unit: KRW millions, %)
	2024				2023				2022
---	---	---	---	---	---	---	---	---	---	---	---	---
Category	Amount		%		Amount		%		Amount		%
Total		779,213		100.0		670,917		100.0		430,437		100.0

※ Revenues are disclosed after its establishment on 1^st^ April in 2022.

2)	Sales Organization and Channels

KT Cloud operates 2 kinds of businesses(cloud and data center services).

For the cloud business, it is selling the service directly and indirectly. In case of the direct sale, KT Cloud makes a contract and provides the service in partnership with the sales organization of KT Enterprise Business Group. In case of the indirect sale, KT Cloud has around 150 external partner companies which are in charge of reselling. The partners resell and deliver the cloud service to the final customers.

For the data center business, there are domestic sales for the corporate/public/finance/Biz customers and global sales for the international corporate customers. KT Cloud are selling the data center service by using its own direct sales organization and KT’s sales channels as a consignment sale.

5. (Consumer Services) Research and Development Activities

A. R&D Costs—Consolidated Basis (Unit: KRW millions, %)

Category
Raw Materials	—		—		—
Labor Costs	103,655		98,894		91,785
Depreciation	30,102		29,716		28,541
Commissions	—		—		—
Others	77,959		96,712		110,295
Total R&D Costs<br>( ※^1^)	211,716		225,322		230,621
(Subsidy from Government)	234		332		8
Accounting costs Research and Ordinary Development Costs	192,569		183,527		174,936
treatment Development Costs (Intangible Assets)	18,913		41,463		55,677
Percentage of R&D Costs over Revenue ( ※^2^)	0.80	%	0.85	%	0.90	%

※ 1: Total costs before deducted the subsidy from government

※ 2: Rate of Total costs before deducted the subsidy from government and Total Revenue

B. R&D Organization Structure (KT)

•	Research Institute under the Network Department and Technology Innovation Department

LOGO

•	Main Mission
•	Network Department
---	---
•	Preemptive acquisition of future network evolution technology
---	---
-	Verification of core technology for preemptive response to 6G service
---	---
-	Securing core technology for future communication business such as quantum cryptography, UAM, and ORAN<br>
---	---

•	Securing AI and cloud-based NW operation optimization technology
-	AI-based IP/wireless core for preemptive recognition of large-scale failures, wired platform pre-detection<br>technology
---	---
-	Automation of communication pole safety inspection to respond to continuous decrease in personnel on the line<br>
---	---
-	Development of operation server virtualization conversion and CPU control technology for energy saving<br>
---	---
•	Strengthening business competitiveness and supporting commercialization with customer-centered AI differentiation<br>technology
---	---
-	Strengthening AI-based customer protection (spam filter, phishing call blocking)
---	---
-	Lightweight private 5G and mobile corporate calls considering operating costs of B2B customers<br>
---	---
•	Technology Innovation Department
---	---
•	Securing core technology for future business and strengthening business competitiveness
---	---
-	Establishing mid- to long-term technology strategy to lead future technology
---	---
-	Supporting core technology development and commercialization to strengthen business competitiveness<br>
---	---
-	Mid- to long-term future core technology Development and Acquisition
---	---
•	Customer-centered technology differentiation, performance creation through organic linkage of business and<br>technology
---	---
-	Development of differentiated Biz solutions/platforms for B2B business innovation
---	---
-	Development of Industry AI core technologies/platforms/services for Industry Biz innovation<br>
---	---
•	Realization of Fast Delivery from discovery of future growth engines to commercialization through<br>‘Innovation Pipeline’ based on AI Core technology
---	---
-	Development of Korean AI models and application services
---	---
-	Establishment of No. 1 AI Core technology capabilities
---	---
-	Fast Delivery as a new growth business
---	---

6. (Finance) Business Overview

BC Card’s main business is issuing and managing credit cards, transaction processing of credit card and recruiting and managing of credit card merchants. Also, BC Card provides credit services such as short-term and long-term card loans to cardholders, while conducting supplementary businesses such as retail business via telephone, mail order or online, insurance, tourism service and loans.

The credit card industry is a typical domestic-based sector, and it is highly sensitive to changes in private consumption and the overall economic conditions of the country. Entry into the market requires authorization from the Financial Services Commission, and a high level of credit risk management capability is essential for stable business operations, resulting in significant barriers to entry.

BC Card is mainly engaged in credit card processing business, and has secured a stable revenue base for card issuers based on its position in the credit card processing market. Additionally, BC Card strives to provide customers with easy and convenient financial services through mobile platform ‘Paybook’ for simplified payments and various financial services.

Credit sales amounted to KRW 131.5316 trillion, long and short-term credit card loans to KRW 7.8766 trillion, financial lease to KRW 118.5 billion, factoring to KRW 40.7 billion, and other loans receivables to KRW 794.5 billion, resulting in operating revenue of KRW 3.8058 trillion related to those.

BC Card raises funds through the issuance of corporate bonds and CP, and the average balance of financing for the current year was KRW 1.6083 trillion, with an average funding rate of 3.67%.

The adjusted capital adequacy ratio at the end of the current term was 29.92%, significantly exceeding the limit of 8% under the Regulation on Supervision of Credit-Specialized Financial Business. The delinquency ratio was 2.55%, and the KRW Liquidity Ratio was 115.62%.

7. (Finance) Business Status

A. Performance in Terms of Revenue(Unit: KRW million, %)

Category	2024				2023				2022
	Amount		%		Amount		%		Amount		%
Card processing revenue		3,033,416		79.7		3,236,100		80.4		3,188,689		81.8
Service fee revenue		168,218		4.4		173,209		4.3		169,694		4.4
Additional business fee revenue		72,319		1.9		64,301		1.6		57,480		1.5
Member Service Fee revenue		51,553		1.4		55,274		1.4		55,560		1.4
Private Label Credit Card revenue		37,865		1.0		24,069		0.6		22,971		0.6
Financial revenue		104,388		2.8		109,625		2.7		70,427		1.8
Foreign currency-related profit		17,962		5.6		12,805		0.3		7,426		0.2
Other operating revenue		320,049		8.4		351,528		8.7		324,038		8.3
Total		3,805,770		100.0		4,026,911		100.0		3,896,285		100.0
※	The above numbers are written on a K-IFRS consolidated basis.
---	---

B. Financing and Operation

(1)	Financing

(Unit: KRW million, %)

		2024								2023								2022
Category		Average<br>Balance		amount of<br>payments		Interest<br>rate		%		Average<br>Balance		amount of<br>payments		Interest<br>rate		%		Average<br>Balance		amount of<br>payments		Interest<br>rate		%
Short-term debt	CP		36,704		1,384		3.77		2.28		115,424		6,191		5.36		7.20		65,076		2,723		4.18		6.24
	General<br>debt		—		—		—		—		29,068		1,766		6.07		1.82		39,274		1,445		3.68		3.77
	Other<br>debt		2,531		116		4.58		0.16		4,877		229		4.70		0.30		3,287		123		3.74		0.32
Lomg-term debt	CP		183,350		6,029		3.29		11.40		184,772		5,880		3.18		11.52		150,237		4,501		3.00		14.41
Corporate Bonds			1,385,720		51,524		3.72		86.16		1,269,428		43,034		3.39		79.16		784,488		18,327		2.34		75.26
Total			1,608,305		59,053		3.67		100.00		1,603,569		57,100		3.56		100.00		1,042,362		27,119		2.60		100.00
※	Financial Supervisory Service’s business report standard
---	---
※	The other debt of short-term debt refer to borrowings under the credit line agreement
---	---
※	% represents the proportion to the Average Balance
---	---

(2)	Operation

(Unit: KRW million, %)

	2024								2023								2022
Category	Average<br>Balance		Profit<br>amount		ROI		%		Average<br>Balance		Profit<br>amount		ROI		%		Average<br>Balance		Profit<br>amount		ROI		%
Credit Card assets		569,702		83,752		14.70		34.06		287,274		46,063		16.03		21.07		110,064		20,582		18.70		13.13
Lease assets		58,352		3,080		5.28		3.49		25,349		1,434		5.66		1.86		14,634		525		3.59		1.75
Factoring		61,105		4,012		6.57		3.65		61,072		3,835		6.28		4.48		70,358		4,241		6.03		8.39
General loan		983,734		82,349		8.37		58.80		989,412		86,752		8.77		72.59		643,147		51,623		8.03		76.73
Total		1,672,893		173,193		10.35		100.00		1,363,107		138,084		10.13		100.00		838,203		76,971		9.18		100.00
※	Financial Supervisory Service’s business report standard
---	---
※	Lease assets are comprised of Financial lease bonds
---	---

C. Status by Business areas

(1)	Business performance by department

(Unit: KRW billion, %)

			2024				2023				2022
Category			Amount		%		Amount		%		Amount		%
Card	Credit<br> <br>sales	Lump sum payment		1,125,254		80.17		1,171,936		79.67		1,120,765		79.89
		Installment		190,062		13.54		210,115		14.28		187,203		13.35
	Cash<br> <br>loan	Short-term card loan (cash advance)		78,238		5.57		81,132		5.52		83,874		5.99
		Long-term card loan (card loan)		528		0.04		445		0.03		57		0.00
Lease				1,185		0.08		478		0.03		176		0.01
Factoring				407		0.03		138		0.01		197		0.01
Loan				7,945		0.57		6,735		0.46		10,582		0.75
Total				1,403,619		100.00		1,470,979		100.00		1,402,854		100.00
※	Financial Supervisory Service’s business report standard
---	---
※	The amount of credit sales(Lump sum payment and Installment) and short-term card loans(cash advance) is the<br>total performance of BC Card and its member companies
---	---
(2)	Member status
---	---

(Unit: thousand, thousand, %)

					YoY
Category					Change		% of Change
Individual<br><br><br>member	Number of cards	39,176	39,426	39,904		-250		-0.63
	Number of members	32,801	36,671	33,963		-625		-1.87
Corporate member	Number of cards	5,085	5,214	5,229		-129		-2.47
	Number of members	3,086	3,245	3,353		-159		-4.90
Total	Number of cards	44,261	44,640	45,134		-379		-0.85
	Number of members	35,887	36,671	37,316		-784		-2.14
※	Financial Supervisory Service’s business report standard
---	---
(3)	The number of affiliated merchants
---	---

(Unit : thousand, %)

Category	2023
			Change		% of Change
Affiliated merchants		3,481	3,427	3,455	54	1.58
※	Financial Supervisory Service’s business report standard
---	---

8. (Finance) Derivatives Transaction

A. The breakdown of derivatives currently held by BC Card for trading purposes or hedging purposes is as follows :

(1) Drag-along Right

BC card gave drag-along rights to financial investors participating in capital raise of K Bank. In case K Bank fails in IPO at an agreed terms, financial investors may exercise their drag-along rights. In such a case, BC card may either comply with the drag-along request or exercise its own put option. If the drag-along rights are exercised by the financial investors, BC card must either exercise its put option or guarantee the investors a return in accordance with the agreed terms.

(2)	Interest rate Swap

This contract is aimed at avoiding cash flow fluctuation risks caused by changes in interest rates for BC Card’s held floating-rate KRW denominated bonds, and the major details are as follows

(Unit: KRW million)

Item
		Contract<br>interest rate				Swap rate
Interest rate swap	Shinhan Bank	2022-03-25	2025-03-25	60,000	CMS		(5Y	)	2.70	%
		2022-03-25	2032-03-25	40,000	CMS		(10Y	)	2.64	%

B. Derivative assets and liabilities as of the reference date are as follows :

(1) 2024

(Unit: KRW million)

Item	Trading purpose				Risk management purpose
	Asset		Liability		Asset		Liability
Drag-along Right		—		131,630		—		—
Interest rate Swap		—		—		295		—
Total		—		131,630		295		—

(2) 2023

(Unit: KRW million)

Item	Trading purpose				Risk management purpose
	Asset		Liability		Asset		Liability
Drag-along Right		—		133,293		—		—
Interest rate Swap		—		—		1,214		—
Total		—		133,293		1,214		—

(2)	2022

(Unit: KRW million)

Item	Trading purpose				Risk management purpose
	Asset		Liability		Asset		Liability
Drag-along Right		—		134,881		—		—
Interest rate Swap		—		—		3,123		—
Total		—		134,881		3,123		—

C. The details of profits and losses related to derivatives during the disclosure period

(Unit: KRW million)

	2024							2023							2022
Item	Gain/Loss<br>On<br>Valuation		Gain/Loss<br>On<br>Trading		Other<br>comprehensive<br>income			Gain/Loss<br>On<br>Valuation		Gain/Loss<br>On<br>Trading		Other<br>comprehensive<br>income			Gain/Loss<br>On<br>Valuation			Gain/Loss<br>On<br>Trading		Other<br>comprehensive<br>income
Drag-along Right		1,664		—		—			1,588		—		—			23,403					—
Interest rate Swap		57		—		(976	)		48		—		(1,957	)		(418	)		—		3,541
forward exchange rate		—		—		—			—		—		—			—			—		—
Total		1,720		—		(976	)		1,636		—		(1,957	)		22,985			—		3,541

9. (Finance) Business Facilities

A. Equipment and other assets(As of 31 Dec, 2024)

(Unit: KRW million)

Item	Property
Main office		362,529	186,076	548,605
Branch office		465	2,989	3,454
Sum		362,994	189,065	552,059
※	Main office includes real estate for investment (based on acquisition cost)
---	---

10. (Finance) Financial Stability

[Major Management Index]

	Items				Formula
Capital<br><br><br>Adequacy	Adjusted Equity Ratio	29.92	25.28	27.34	Adjusted Equity/ Adjusted Total Assets x 100
	Tangible Common Equity Ratio	26.95	23.25	25.78	Equity/Total Assets x 100
Asset<br><br><br>Quality	Loss Risk Weighted Non-performing Loans Ratio	0.72	0.84	0.29	Weighted Non-performing Loans/ Total Loans x 100
	Substandard Loans Ratio	1.66	2.16	0.41	Substandard Loans/ Total Loans x 100
	Credit Offering Ratio to Major Shareholders	0.40	—	—	Credit Exposure to Major Shareholders/ Equity x 100
	Loan Loss Provision Ratio	122.67	123.72	139.41	Loan Loss Provision Balance/ Required Provision Amount x 100
Profitability	Return on Asset	2.00	0.47	1.74	Net profit / Total Assets x 100
	Return on Equity	7.47	1.87	6.10	Net profit/ Equity x 100
	Expenses to Total Assets	4.02	4.14	4.72	Total expenses/ Total Assets x 100
	Cost-to-Income Ratio	96.06	98.57	96.93	Annual Pre-Tax Expenses/ Annual Pre-Tax Income x 100
Liquidity	Liquidity Ratio	115.62	111.19	123.01	Current Asset/ Current Liability x 100 (Due in 90 days)
	Operating Assets Ratio	34.51	37.34	34.63	Operating Asset/ Equity
	Credit Spread of Issued Bonds	0.538	0.42	1.57	Yield on Credit Card Company Bonds – Yield on Treasury Bonds with Same Maturity

A. Characteristics of the Industry

Credit card businesses engage in the business of issuing and managing credit cards, processing payments related to credit card usage, recruiting and overseeing credit card merchants. In addition, credit card companies also provide credit loans such as short-term and long-term card loans to their members.

The credit card industry is a typical domestic consumption-based industry and is sensitive to changes in overall domestic economic conditions, including fluctuations in business cycles.

Market entry requires approval from the Financial Services Commission, and considering the need for effective credit risk management for stable business operations, the barriers to entry are high.

Furthermore, seasonal consumption patterns such as travel and leisure industries during vacation seasons, department stores and discount stores during major holiday, as well as individuals’ disposable income, also have significant impacts on the credit card industry.

B. Market Conditions

(1)	Number of Credit Card and Member Merchant Store
Category	Population<br>(in 10K)		Population<br>Available for<br>Economic<br>Activity^*1^ (in<br>10K)		Credit<br>Card<br>(in 10K)		Number of<br>Credit<br>Card<br>Per<br>Capital		Number of<br>Member<br>Stores^*2^<br>(in 10K)
---	---	---	---	---	---	---	---	---	---	---
2019		5,176		2,819		11,098		3.9		281
2020		5,184		2,801		11,373		4.1		290
2021		5,174		2,831		11,769		4.2		299
2022		5,163		2,801		12,417		4.4		310
2023		5,171		2,920		12,980		4.4		316
2024.2Q		5,175		2,971		13,212		4.4		—

※	Source : Credit Finance Association, Korea
^*1^	Age 15 or older and must be eligible for employment activity
---	---
^*2^	At least one sales transaction incurred annually from a member store
---	---

(2) Credit Card Usage in Korea (Unit : KRW billion)

Category
Lump-Sum Payment	401,473.7	779,805.2	728,183.2	634,315.1	572,943.2
Installment Payment	80,285.9	162,069.3	155,770.9	144,719.5	132,303.3
Short-term Card Loan	28,295.4	57,498.2	57,410.6	55,138.3	54,083.6
Long-term Card Loan	23,467.9	44,524.4	46,361.3	52,069.8	53,015.2
Total	533,522.9	1,043,897.1	987,726.0	886,242.7	812,345.3

※ Source : Credit Finance Association, Korea

C. Competitiveness

The credit card industry relies heavily on capabilities such as customer acquisition, development of products and services tailored to customer needs, expansion of merchant networks, provision of differentiated marketing services, and risk management to maintain a stable asset portfolio.

With the advancement of technology, the boundaries within the financial services sector are becoming increasingly blurred, accelerating the growth of the digital payments market and intensifying competition among financial service providers. In response to these rapidly changing market conditions, BC Card offers a wide range of digital payment services.

D. Tools to remain competitive in the competition

BC Card focuses on credit card processing as its main business and secures a stable revenue base targeting card issuers based on its position in the credit card processing market. In addition, BC Card strives to provide customers with easy and convenient financial services through simple payment and various financial services based on the mobile platform ‘Paybooc’.

III. Financial Information

1. Summary of Financial Statements (Consolidated) (Unit : KRW millions)

	2024			2023			2022
Current Assets		14,251,937			14,518,157			12,681,532
• Cash and Cash Equivalents		3,716,680			2,879,554			2,449,062
• Trade and Other Receivables		6,147,456			7,170,289			6,098,072
• Inventories		940,209			912,262			709,191
• Other Current Assets		3,447,592			3,556,052			3,425,207
Non-current Assets		27,628,020			28,191,825			28,299,149
• Trade and Other Receivables		1,540,727			1,404,168			1,491,046
• Property, plant and equipment		14,825,814			14,872,079			14,772,179
• Investment Property		2,299,616			2,198,135			1,933,358
• Intangible Assets		1,862,740			2,533,861			3,129,833
• Investments in Joint Ventures and Associates		1,562,232			1,556,889			1,480,722
• Other Non-Current Assets		5,536,891			5,626,693			5,492,011
Total Assets	****	41,879,957	****	****	42,709,982	****	****	40,980,681	****
Current Liabilities		13,874,734			13,147,409			10,699,268
Non-Current Liabilities		10,008,674			11,001,436			11,866,690
Total Liabilities	****	23,883,408	****	****	24,148,845	****	****	22,565,958	****
Capital Stock		1,564,499			1,564,499			1,564,499
Share Premium		1,440,258			1,440,258			1,440,258
Retained Earnings		13,779,776			14,494,430			14,257,343
Accumulated Other Comprehensive Expense		63,729			52,407			(77,776	)
Other Components of Equity		(637,560	)		(802,418	)		(572,152	)
Non-Controlling Interests		1,785,847			1,811,961			1,802,551
Total Equity	****	17,996,549	****	****	18,561,137	****	****	18,414,723	****


Operating Revenue	26,431,204		26,376,273		25,650,011
Operating Profit	809,471		1,649,774		1,690,088
Profit for the Period	417,094		988,718		1,387,663
Owners of the Controlling Company	470,286		1,009,861		1,262,498
Non-controlling interest	(53,192	)	(21,143	)	125,165
Earnings per share attributable to the equity holders of the Controlling Company during the year<br>(in Korean won):
Basic earnings per share	1,908		4,043		5,209
Diluted earnings per share	1,906		4,038		5,205
Number of Consolidated Companies	83		84		85

※ 2024, 2023 and 2022 were written in accordance with K-IFRS 1116

2. Summary of Financial Statements (Separate) (Unit : KRW millions)

	2024			2023			2022
Current Assets		6,892,601			7,088,565			6,603,488
• Cash and Cash Equivalents		1,540,570			1,242,005			966,307
• Trade and Other Receivables		2,904,846			3,190,269			3,055,649
• Other Financial Assets		262,547			279,451			232,837
• Inventories		224,678			368,117			349,870
• Other Current Assets		1,959,960			2,008,723			1,998,825
Non-Current Assets		22,636,279			23,220,354			23,814,286
• Trade and Other Receivables		309,106			370,717			526,988
• Other Financial Assets		2,175,177			2,134,324			1,993,893
• Property and equipment		11,477,680			11,492,776			11,540,162
• Right-of-use assets		896,299			976,625			983,049
• Investment Property		1,114,379			1,191,592			1,137,489
• Intangible Assets		1,104,680			1,487,848			1,855,679
• Investments in Subsidiaries, Associates and Joint Ventures		4,831,186			4,796,606			4,879,219
• Non-Current Assets held for Long-term Investment		—			60,590			180,689
• Other Non-Current Assets		727,772			709,276			717,118
Total Assets	****	29,528,880	****	****	30,308,919	****	****	30,417,774	****
Current Liabilities		7,633,219			6,957,491			6,321,450
Non-Current Liabilities		7,475,521			8,307,889			9,238,244
Total Liabilities	****	15,108,740	****	****	15,265,380	****	****	15,559,694	****
Capital Stock		1,564,499			1,564,499			1,564,499
Share Premium		1,440,258			1,440,258			1,440,258
Retained Earnings		11,717,929			12,544,425			12,347,403
Accumulated Other Comprehensive Income		86,478			64,229			(72,672	)
Other Components of Shareholders’ Equity		(389,024	)		(569,872	)		(421,408	)
Total Equity	****	14,420,140	****	****	15,043,539	****	****	14,858,080	****

	2024
Operating Revenue		18,579,678	18,371,437	18,289,243
Operating Profit		346,489	1,185,392	1,168,103
Profit for the Period		326,916	933,337	763,750
Earnings per share (in Korean won):
Basic earnings per share		1,329	3,741	3,153
Diluted earnings per share		1,329	3,739	3,152
※	2024, 2023 and 2022 were written in accordance with K-IFRS 1116
---	---

3.	Dividends and Related Matters

[Dividend Policy from FY2023 to FY2025]

•	Return 50% of adjusted separate net income (Cash dividend, share buyback & cancellation)<br>
•	Maintain equal to or greater than the dividends for FY2022(KRW 1,960 per share)
---	---

We are implementing share buybacks and cancellations to enhance shareholder value and corporate value. In February 2023, we purchased shares worth 300 billion KRW through a trust contract with Shinhan Investment Corp., and in August, we canceled shares worth a total of 100 billion KRW. According to the mid-term shareholder return policy, in March 2024, we executed share buybacks and cancellations based on the remaining funds of 27.1 billion KRW after cash dividends from the 2023 shareholder return funds. On May 9, 2024, we decided to cancel approximately 2% of the total issued shares out of the 4.41% of treasury shares held. The number of shares canceled is 5,143,300, amounting to approximately 178.9 billion KRW.

In November 2024, we announced the KT Corporate Value-Up Plan, including the following mid-to-long-term goals and strategies to achieve them.

[Mid-to-Long-Term Goal]

•	Achieve a consolidated ROE of 9%~10% by 2028

[Action Plans]

•	Transition to AICT Company: Triple AI/IT revenue by 2028 compared to 2023
•	Improve Profitability: Innovate business structure focusing on profitability to achieve a consolidated<br>operating profit margin of 9% by 2028
---	---
•	Asset Liquidation: Secure capital for allocation through the liquidation of idle real estate and non-core<br>investment assets
---	---
•	Capital Efficiency: Buyback and cancel treasury shares worth a total of 1 trillion KRW from 2025 to 2028<br>
---	---

As part of the Corporate Value-Up Plan, a decision was made in February 2025 to buyback and cancel treasury shares worth a total of 250 billion KRW, and a trust contract was signed with Shinhan Investment Corp.

For detailed information, please refer to the ‘Corporate Value-UpPlan’ disclosed on November 5, 2024.

Category
Par Value per Share (Won)		5,000	5,000	5,000
Net Profit of the Current Term (in Millions of Won)		417,094	988,718	1,387,663
Net Profit per Share (Won)		1,908	4,043	5,209
Year-end Cash Dividend (in Millions of Won)		491,601	482,970	501,844
Year-end Share Dividend (in Millions of Won)		—	—	—
Cash Dividend Pay Out (%)		104.5	47.8	39.8
Cash Dividend Yield (%)	Common Shares	5.0	5.5	5.5
	Preferred Shares	—	—	—
Cash Dividend per Share (Won)	Common Shares	2,000	1,960	1,960
Preferred Shares		—	—	—
•	Net Profit, Net profit per share, Cash dividend Pay Out are based on consolidated result.
---	---
•	Cash dividend yield(%) is calculated on a basis of Net Profit contribution to KT.
---	---
•	Cash dividend yield(%) is the percentage of dividends per share against the arithmetic average price of the final<br>price formed in the exchange market for the past week from the date of the two trading days before the closing date of the shareholders ‘list to convene the general shareholders’ meeting.
---	---

IV. Auditors’ Opinion

1. Auditors’ Opinion on Consolidated/Separate Financial Statements

Fiscal Year	Auditor	Audit<br><br><br>Comments	Issues noted	Key Audit Matters
2024	Anjin<br><br><br>Deloitte	Unqualified	Not applicable.	1. Accruals and accuracy of wireless telecommunications services revenue and wireless device revenue
2023	Anjin<br><br><br>Deloitte	Unqualified	Not applicable.	1. Accruals and accuracy of wireless telecommunications services revenue and wireless device revenue
2022	Samil PwC	Unqualified	Not applicable.	1. Cash-Generating Unit Impairment Assessment in Parent<br><br><br>2. Business Impairment Assessment - HyundaiHCN(Consoliated)

2. Audit Services Contract (Unit : KRW millions, hours)

Fiscal Year	Auditor	Contents	Contractual				Actual
			Compensation		Total<br>Time		Compensation		Total<br>Time
2024	Anjin<br> <br>Deloitte	Review interim financial statements		4,450		37,571		4,450		37,437
		Audit of Separate financial statements
		Audit of the consolidated financial statements
		20-F Filing
2023	Anjin<br> <br>Deloitte	Review interim financial statements		4,390		38,170		4,390		41,690
		Audit of Separate financial statements
		Audit of the consolidated financial statements
		20-F Filing
2022	Samil<br>PwC	Review interim financial statements		3,560		33,000		3,560		33,548
		Audit of Separate financial statements
		Audit of the consolidated financial statements 20-F Filing

※	Financial Statement Review and Audit Period, Internal Accounting Management System Audit (Review) Period<br>
Category	2024	2023	2022
---	---	---	---
1st quarter review	From April 8, 2024<br><br><br>to May 16, 2024	From March 20, 2023<br><br><br>to May 15, 2023	From April 1, 2022<br><br><br>to May 16, 2021
2nd quarter review	From July 17, 2023<br><br><br>to August 14, 2023	From July 17, 2023<br><br><br>to August 14, 2023	From July 18, 2022<br><br><br>to August 16, 2022
3rd quarter review	From October 16, 2023<br><br><br>to November 15, 2023	From October 16, 2023<br><br><br>to November 15, 2023	From October 17, 2022<br><br><br>to November 14, 2022
Audit of systems and automatic internal controls	From April 24, 2023<br><br><br>to June 30, 2023<br> <br>From<br>August 28, 2023<br> <br>to October 30, 2023 From<br><br><br>November 13, 2023<br> <br>to<br>December 29, 2023	From April 24, 2023<br><br><br>to June 30, 2023<br> <br>From<br>August 28, 2023<br> <br>to October 30, 2023 From<br><br><br>November 13, 2023<br> <br>to<br>December 29, 2023	From May 17, 2022<br><br><br>to June 30, 2022<br> <br>From<br>August 17, 2022<br> <br>to September 30, 2022 From<br><br><br>November 15, 2022<br> <br>to<br>December 30, 2022
Early proof audit	From May 1, 2023<br><br><br>to December 29, 2023	From May 1, 2023<br><br><br>to December 29, 2023	From May 10, 2022<br><br><br>to December 30, 2022
Internal Accounting Management System Audit (Review)	From May 1, 2023<br><br><br>to March 18, 2024	From May 1, 2023<br><br><br>to March 18, 2024	From May 10, 2022<br><br><br>to March 8, 2023
Update Early Proof Audit Procedure and Financial Statement Audit	From January 2, 2024<br><br><br>to March 18, 2024	From January 2, 2024<br><br><br>to March 18, 2024	From January 2, 2023<br><br><br>to March 8, 2023

3. Non-Audit services contract (Unit : KRW millions)

Fiscal Year		Contents	Service period
2024	2024.07<br> <br>2024.08<br><br><br>2024.09<br> <br>2025.02	Evaluate an Electronic Signature Certificate Authority<br><br><br>Issuing ISAE 3402 Certification Reports<br><br><br>Comfort letter<br><br><br>Comfort letter	Jul. 2024 ~ Oct. 2024<br><br><br>Aug. 2024 ~ Feb. 2025<br> <br>Sep. 2024 ~<br>Oct. 2024<br> <br>Feb. 2025	185<br> <br>220<br><br><br>180<br> <br>100
2023	Oct. 2023<br> <br>Jun. 2023	Issuing ISAE 3402 Certification Reports<br><br><br>Evaluate an Electronic Signature Certificate Authority	Oct. 2023 ~ Feb. 2024<br><br><br>Jun. 2023 ~ Mar. 2024	200<br> <br>190
2022	Aug. 2022	Comfort letter	Aug. 2022	180

4. Results of Internal Audit Organization’s Discussion with Auditor

Date	Attendee	Method	Main Discussion Content
March 5, 2024	- KT Audit committee,<br> <br>- Audit committee,<br>executive secretary, etc.<br> <br>- Auditor : 4 people (Director of Business Conductor, etc.)	A face-to-face meeting	- Results of the FY2023
March 5, 2024	- KT Audit committee,<br> <br>- Auditor : 2 people<br>(Director of Business Conductor, etc.)	A face-to-face meeting	- Key matters related to external audit
April 9, 2024	- KT Audit committee,<br> <br>- Auditor : 2 people<br>(Director of Business Conductor, etc.)	A face-to-face meeting	- External Auditor for FY2023 PCAOB Audit Results Report (Including US 20-F Reporting)
April 9, 2024	- KT Audit committee,<br> <br>- Auditor : 2 people<br>(Director of Business Conductor, etc.)	A face-to-face meeting	- Audit Plan Report of FY2024
May 7, 2024	- KT Audit committee,<br> <br>- Auditor : 3 people<br>(Director of Business Conductor, etc.)	A face-to-face meeting	- Results of the first quarter of 2024 review
May 7, 2024	- KT Audit committee,<br> <br>- Auditor : 3 people<br>(Director of Business Conductor, etc.)	A face-to-face meeting	- Key matters related to external audit
August 6, 2024	- KT Audit committee,<br> <br>- Auditor : 3 people<br>(Director of Business Conductor, etc.)	A face-to-face meeting	- Results of the first half of 2024 review
August 6, 2024	- KT Audit committee,<br> <br>- Auditor : 3 people<br>(Director of Business Conductor, etc.)	A face-to-face meeting	- Key matters related to external audit
November 5, 2024	- KT Audit committee,<br> <br>- Auditor : 3 people<br>(Director of Business Conductor, etc.)	A face-to-face meeting	- Results of the third quarter of 2024 review
November 5, 2024	- KT Audit committee,<br> <br>- Auditor : 2 people<br>(Director of Business Conductor, etc.)	A face-to-face meeting	- Key matters related to external audit
December 26, 2024	- KT Audit committee,<br> <br>- Auditor : 3 people<br>(Director of Business Conductor, etc.)	A face-to-face meeting	- Report on key audit matters

5. Change of Auditor for Consolidated and Separate Financial Statements

The Company changed its auditor for the fiscal year 2023 from Samil PwC to Anjin Deloitte. This was due to the periodic designation of an auditor pursuant to Regulations on External Audit and Accounting.

Fiscal Year	2024	2023	2022
Auditor	Anjin Deloitte	Anjin Deloitte	Samil PwC

V. Management

1. Overview of the Board of Directors and Committees

A. Matters on the Board of Directors

(1) Organization

As of December 31, 2024, the Board of Directors of KT consists of 10 Directors (2 Inside Directors and 8 Outside Directors). Under the Board of Directors, KT has 6 different Committees as follows; Corporate Governance Committee, Audit Committee, Evaluation and Compensation Committee, Related-Party Transactions Committee, Sustainability Management Committee and Director Candidate Recommendation Committee. The Board of Directors may establish additional committees if necessary. The Chairperson of the Board of Directors is elected separately with Representative Director and the Board of Directors appoints one of the outside directors as a Chairperson annually. Currently, The Board Chairperson is Director Jong-Soo Yoon who has enough capabilities and experience to coordinate members of the Board.

•	The Number of Outside Directors and its change (As of December 31, 2024)
Number<br><br><br>of Directors	Number of<br><br><br>Outside Directors	Change of Outside Directors
---	---	---	---	---	---	---
		Appointment	Dismissal		Interim resignation
10	8	—		—		—

(2) Major Activities of the Board of Directors

Order	Date	Subject	Result of Discussion	Outside Director								Inside Director
				Yong-Hun<br>Kim	Yang-<br>Hee<br>Choi	Woo-<br>Young<br>Kwak	Yeong-kyun<br>Ahn	Jong-<br>Soo<br>Yoon	Seung-<br>Hoon<br>Lee	Seong-<br>Cheol<br>Kim	Seung<br>Ah<br>Theresa<br>Cho	Young-<br>shub Kim	Seo<br>Chang<br>Seok
				100%	100%	100%	100%	100%	100%	100%	100%	100%	93.30%
1st	2024.1.23	Proposal to allocate funds for social contribution in 2024	Accepted as proposed	for	for	for	for	for	for	for	for	for	for
		Proposal for Branch Name Change and Relocation	Accepted as proposed	for	for	for	for	for	for	for	for	for	for
		Planned issuance of KT’s 200th corporate bonds	Accepted as proposed	for	for	for	for	for	for	for	for	for	for
2nd	2024.2.7	Proposal for the Representative Director’s Business Plan During the Term	Accepted as proposed	for	for	for	for	for	for	for	for	Point 1)	Point 1)

		Proposed Approval of the 42nd Fiscal Year Financial Statements (Separate and Consolidated)	Accepted as proposed	for	for	for	for	for	for	for	for	for	for
		Proposal for Acquisition and Cancellation of Treasury Stock	Accepted as proposed	for	for	for	for	for	for	for	for	for	for
		Proposed approval of the 42nd fiscal year operating report	Amended proposal approved	for	for	for	for	for	for	for	for	for	for
		Proposal for the Current Status and Utilization Plan of Treasury Stock	Accepted as proposed	for	for	for	for	for	for	for	for	for	for
		Proposal for the Sale of Installment Receivables for Devices in 2024	Accepted as proposed	for	for	for	for	for	for	for	for	for	for
		Proposed Amendments to the Bylaws	Accepted as proposed	for	for	for	for	for	for	for	for	for	for
3rd	2024.3.7	Report on Compliance with Regulatory Compliance Standards in 2023	Accepted as proposed	for	for	for	for	for	for	for	for	for	for
		Notice of Regular Shareholders’ Meeting for the 42nd term	Accepted as proposed	for	for	for	for	for	for	for	for	for	for
		Proposed approval of the 42nd fiscal year operating report	Accepted as proposed	for	for	for	for	for	for	for	for	for	for
		Proposed Approval of the 42nd Fiscal Year Financial Statements (Separate and Consolidated)	Accepted as proposed	for	for	for	for	for	for	for	for	for	for

Report on the Operation Status of Internal Accounting Management System for the 2023 Fiscal Year	Accepted as proposed	for	for	for	for	for	for	for	for	for	for
Report on the Results of the Evaluation of the Operation Status of the Internal Accounting Management System for the 2023 Fiscal Year by the Audit Committee	Accepted as proposed	for	for	for	for	for	for	for	for	for	for
Board Compensation Limit	Accepted as proposed	for	for	for	for	for	for	for	for	for	for
Report on the Inspection Results of the Management and Protection Status of Personal Credit Information in MyData Services	Accepted as proposed	for	for	for	for	for	for	for	for	for	for
KT’s Safety and Health Plan for 2024	Accepted as proposed	for	for	for	for	for	for	for	for	for	for
Proposal for Adjustment of the Logistics Business	Amended proposal approved	for	for	for	for	for	for	for	for	for	for
Approval for Directors Holding Concurrent Positions in Other Companies	Accepted as proposed	for	for	for	for	for	for	for	Point 2)	for	for

4th	2024.3.28	Appointment of Board of Directors Chairperson and Formation of Committees	Appointment of Chairperson and Committee Formation Resolution	for	for	for	for	for	for	for	for	for	for
5th	2024.4.11	Proposal for Approval of the Consolidated Financial Statements for U.S. Reporting for 2023 Fiscal Year	Accepted as proposed	for	for	for	for	for	for	for	for	for	for
		Proposal for Amendment of Board-Related Regulations	Accepted as proposed	for	for	for	for	for	for	for	for	for	for
		Proposal for the 2024 ESG Management Plan	Accepted as proposed	for	for	for	for	for	for	for	for	for	for
		Proposal for the Introduction of an Employee Stock Compensation Plan Using Treasury Stock	Accepted as proposed	for	for	for	for	for	for	for	for	for	for
		Proposal for the Payment of Long-Term Performance Bonuses/Stock Compensation and Disposal of Treasury Stock for 2023	Accepted as proposed	for	for	for	for	for	for	for	for	Point 3)	Point 3)
6th	2024.4.30	Proposal for the First Quarter Dividend of 2024	Decision on the First Quarter Dividend Proposal for 2024	for	for	for	for	for	for	for	for	for	Absence

7th	2024.5.9	Report on the First Quarter Financial Statements (Separate and Consolidated) for Fiscal Year 2024	Accepted as proposed	for	for	for	for	for	for	for	for	for	for
		Proposal for the Cancellation of Treasury Stock	Accepted as proposed	for	for	for	for	for	for	for	for	for	for
		Proposal for Investment in Epsilon	Conditional Approval	for	abstain	for	Absence	for	against	for	abstain	for	for
		Report on Investments in Other Companies Under 50 Billion KRW and Sales of Shares in Other Companies Under 15 Billion KRW for 2023	Accepted as proposed	for	for	for	Absence	for	for	for	for	for	for
8th	2024.6.20	Proposal for the Criteria and Payment Methods for the Compensation of the Representative Director and Inside Directors	Accepted as proposed	for	for	for	for	for	for	for	for	Point 4)	Point 4)
		Proposal for the Classification, Number, and Compensation Limits of Executive Officers	Accepted as proposed	for	for	for	for	for	for	for	for	for	for
		Proposal for the Compensation Limits and Stock Compensation Criteria<br>for Long-Term Performance Bonuses for 2024	Accepted as proposed	for	for	for	for	for	for	for	for	Point 3)	Point 3)

		Proposal for the Handling of Previously Paid Long-Term Performance Bonuses	Accepted as proposed	for	for	for	for	for	for	for	for	for	for
9th	2024.7.16	Proposal for the Second Quarter Dividend of 2024	Accepted as proposed	for	for	for	for	for	for	for	for	for	for
		Proposal for the Handling of Long-Term Performance Bonuses and Disposal of Treasury Stock	deferment of decision	against	against	against	against	against	against	against	against	against	against
		Report on Ad-Hoc Organizational Improvements for 2024	Accepted as proposed	for	for	for	for	for	for	for	for	for	for
		Proposal for the Sale of Remaining Shares in Former KT Submarine (Now LS Marine Solution Co., Ltd.)	Accepted as proposed	for	for	for	for	for	for	for	for	for	for
10th	2024.8.13	Proposal for Approval of the Merger Between Rebellion Co., Ltd. and Sapeon Korea Co., Ltd.	Accepted as proposed	for	for	for	for	for	against	against	for	for	for
		Report on the First Half Financial Statements (Separate and Consolidated) for Fiscal Year 2024	Accepted as proposed	for	for	for	for	for	for	for	for	for	for

		Proposal for the Issuance of KT Foreign Currency Bonds in 2024	Accepted as proposed	for	for	for	for	for	for	for	for	for	for
		Proposal for Amendment of Board-Related Regulations	Accepted as proposed	for	for	for	for	for	for	for	for	for	for
11th	2024.9.24	2024 Internal Employee Welfare Fund Contribution	Accepted as proposed	for	for	for	for	for	for	for	for	for	for
		Proposal for Contribution to the KT Mutual Growth Fund	Accepted as proposed	for	for	for	for	for	for	for	for	for	for
		Proposal for Acquisition of Shares in kt NexR and Promotion of Merger	Accepted as proposed	for	for	for	for	for	for	for	for	for	for
		Proposal for Promotion of Strategic Partnership Between KT and Microsoft	Accepted as proposed	for	for	for	for	for	for	for	for	for	for
12th	2024.10.15	Proposal for Amendment of the Development Plan for the Beomeo Building in Daegu	Accepted as proposed	for	for	for	for	for	for	for	for	for	for
		Proposal for the Handling of Long-Term Performance Bonuses and Disposal of Treasury Stock	Accepted as proposed	for	for	for	for	for	for	for	for	for	for

		Proposal for Establishment of a Corporation and Innovation of Workforce Structure	Accepted as proposed	for	for	for	for	for	for	for	for	for	for
		Proposal for the Third Quarter Dividend of 2024	Accepted as proposed	for	for	for	for	for	for	for	for	for	for
13th	2024.11.5	Proposal for KT Corporate Value-up Plan	Accepted as proposed	for	for	for	for	for	for	for	for	for	for
14th	2024.11.12	Proposal for Approval of the Merger Agreement Between KT and kt NexR	Accepted as proposed	for	for	for	for	for	for	for	for	for	for
		Proposal for Promotion of Internal Transactions Between KT and kt cloud	deferment of decision	against	against	against	against	against	against	against	against	against	against
		Report on the Third Quarter Financial Statements (Separate and Consolidated) for Fiscal Year 2024	Accepted as proposed	for	for	for	for	for	for	for	for	for	for
		Proposal for the Issuance of KT’s 201st Corporate Bond	Accepted as proposed	for	for	for	for	for	for	for	for	for	for
		Proposal for Extension of the KT Mutual Growth Fund	Accepted as proposed	for	for	for	for	for	for	for	for	for	for
15th	2024.12.26	Notice of Report on the Completion of the Merger Between KT and kt NexR	Accepted as proposed	for	for	for	for	for	for	for	for	for	for

Report on Organizational Restructuring for 2025	Accepted as proposed	for	for	for	for	for	for	for	for	for	for
Proposal for the 2025 Business Plan	Accepted as proposed	for	for	for	for	for	for	for	for	for	for
Proposal for Asset Transfer to kt Cloud	Accepted as proposed	for	for	for	for	for	for	for	for	for	for
Proposal for the Implementation of Project R	Accepted as proposed	for	for	for	for	for	for	for	for	for	for
Report on the Promotion of Internal Transactions Between KT and kt<br>Cloud	Accepted as proposed	for	for	for	for	for	for	for	for	for	for
Proposal for the Appointment of a Fair Trade Compliance<br>Officer	Accepted as proposed	for	for	for	for	for	for	for	for	for	for
Proposal for Amendment of Board Regulations	Accepted as proposed	for	for	for	for	for	for	for	for	for	for

Point 1) The Representative Director and Inside Directors do not have voting rights: Board Regulations Article 9 (Deliberation and Resolution) Paragraph 3

Point 2) Director Seung-Ah Theresa Cho, who has an interest in the agenda, does not have voting rights: Board Regulations Article 9 (Deliberation and Resolution) Paragraph 4

Point 3) The Representative Director and Inside Directors do not have voting rights: Board Regulations Article 9 (Deliberation and Resolution) Paragraph 4, Representative Director Management Contract Article 11 (Long-Term Performance Bonuses, etc.) Paragraph 1

Point 4) The Representative Director and Inside Directors do not have voting rights: Articles of Incorporation Article 31 (Director’s Compensation and Retirement Benefits) Paragraph 3, Board Regulations Article 9 (Deliberation and Resolution) Paragraph 3

(3) The Status of Committees under the Boardof Directors

(a) Composition of the Committees under the Board of Directors(as of December 31, 2024)

Committee	Composition	Name	Purpose of Establishment<br><br><br>and Authority
Corporate Governance Committee	4 Outside Directors	Yang-Hee Choi(Chairperson), Woo-Young Kwak, Seung-Hoon Lee, Seong-Cheol Kim	Overview of Governance Structure
			※ AoI Article 41-2: Corporate Governance Committee
Director Candidate Recommendation Committee	All Outside Directors	Jong-Soo Yoon (Chairperson), Yong-Hun Kim, Yang-Hee Choi, Woo-Young Kwak, Seung-Hoon Lee, Yeong-Kyun Ahn, Seong-Cheol Kim, Seung-Ah Cho	Composition and Development of Candidates for Representative Director, Selection of Representative Director Candidates
			Composition and Evaluation of Outside Director Candidates, Recommendation of Outside Director Candidates at Shareholders’ Meeting
Audit Committee	4 Outside Directors	Yeong-Kyun Ahn(Chairperson), Yong-Hun Kim, Seung-Hoon Lee, Seung-Ah Cho	Matters related to accounting and business audits
			※ refer to “VI-2. Matters pertaining to the audit system” for related information
			※ Article 542-11 of the Commercial Act (Audit Committee), Paragraph 1, and Article 43 of the Articles of Incorporation (Audit Committee)
Evaluation and Compensation Committee	4 Outside Directors	Seong-Cheol Kim(Chairperson), Yang-Hee Choi, Jong-Soo Yoon, Seung-Ah Cho	Matters related to the Representative Director’s management contract and evaluation
Related-Party Transactions Committee	4 Outside Directors	Woo-Young Kwak(Chairperson), Yong-Hun Kim, Jong-Soo Yoon, Yeong-Kyun Ahn	The matters related to the approval of directors utilizing business opportunities of the company, as per the Commercial Law
			The matters related to the approval of transactions between directors and the company
			Transactions that require approval from the board of directors between the company and its major shareholders and related parties
			Internal transactions under the Law on Monopoly Regulation and Fair Trade
Sustainability Management Committee	4 Outside Directors<br> <br>& 1 Inside<br>Director	Yang-Hee Choi(Chairperson), Woo-Young Kwak, Jong-Soo Yoon, Seong-Cheol Kim, Chang-Seok Seo	Issues related to sustainable management

(b) Activities of the Committees under the Board of Directors

•	Corporate Governance Committee
Order	Date	Subject	Result of Discussion	Outside Director
---	---	---	---	---	---	---	---
				Yang-Hee<br><br><br>Choi	Woo-Young<br>Kwak	Jong-Soo<br><br><br>Yoon	Seong-<br><br><br>Cheol Kim
				(Attendance:	(Attendance:	(Attendance:	(Attendance:
				100%)	100%)	100%)	100%)
1st	2024. 2. 6	Partial Amendments to the Articles of Incorporation	Amended proposal approved	for	for	for	for
※	Result of the 4th Board of Directors Meeting on March 28, 2024:
---	---

The Corporate Governance Committee is composed of Outside Directors Yang-Hee Choi (Chairperson), Woo-

Young Kwak, Seung-Hoon Lee, Seong-Cheol Kim

Order	Date	Subject	Result of Discussion	Outside Director
				Yang-Hee<br>Choi	Woo-Young<br>Kwak	Jong-Soo<br>Yoon	Seong-Cheol<br>Kim
				(Attendance:	(Attendance:	(Attendance:	(Attendance:
				100%)	100%)	100%)	100%)
2nd	2024.4.9	Amendment Proposal for Board of Directors’ Rule	Accepted as proposed	for	for	for	for
3rd	2024.8.6	Amendment Proposal for Board of Directors’ Rule	Accepted as proposed	for	for	for	for
4th	2024.12.19	Amendment Proposal for Board of Directors’ Rule	Accepted as proposed	for	for	for	for
•	Audit Committee: Refer to “(3) Activities of the Audit Committee” in section “2. Mattersrelated to the Audit System” below.
---	---
•	Evaluation and Compensation Committee
---	---
Order	Date	Subject	Result of Discussion	Outside Director
---	---	---	---	---	---	---	---
				Seong-Cheol<br>Kim	Yang-Hee<br>Choi	Seung-Hoon<br>Lee	Seung-Ah<br>Cho
				(Attendance:	(Attendance:	(Attendance:	(Attendance:
				100%)	80%)	100%)	80%)
1st	2024.3.5	Reporting on the Implementation of 2023 Representative Director Management Goal	Accepted as proposed	for	for	for	for
2nd	2024.3.7	2023 Representative Director Management Goal Evaluation Results	Evaluation results confirmed	for	for	for	for
※	March 28, 2024, Results of the 4th Board of Directors Meeting:
---	---

The Evaluation and Compensation Committee consisting of External Directors Seong-Cheol Kim (Chairperson), Yang-Hee Choi, Jong-Soo Yoon, and Seung-Ah Cho was formed.

Order	Date	Subject	Result of Discussion	Outside Director
				Seong-Cheol<br>Kim	Yang-Hee<br>Choi	Seung-Hoon<br>Lee	Seung-Ah<br>Cho
				(Attendance:	(Attendance:	(Attendance:	(Attendance:
				100%)	80%)	100%)	80%)
3rd	2024.4.9	Provision of Long-Term Performance Bonus/Equity Compensation and Share Disposal in 2023	Accepted as proposed	for	for	for	for
4th	2024.6.11	Reporting on the criteria and payment methods for the remuneration of executive directors and non-executive directors	Accepted as proposed	for	for	for	Absence
		2024 Long-Term Incentives Compensation Limit and Stock Compensation Criteria	Accepted as proposed	for	for	for	Absence
5th	2024.6.20	2024 Representative Director Management Objectives	Accepted as proposed	for	Absence	for	for

•	Related-Party Transactions Committee
Order	Date	Subject	Result of Discussion	Outside Director
---	---	---	---	---	---	---	---
				Woo-Young<br>Kwak	Yong-Hun<br>Kim	Jong-Soo<br>Yoon	Yeong-Kyun<br>Ahn
				(Attendance:	(Attendance:	(Attendance:	(Attendance:
				100%)	100%)	50%)	100%)
1st	2024.8.13	Proposal for Follow-Up Actions Regarding the Transfer of the B2C USIM Business to KT M Mobile (Assignment of Claims)	Accepted as proposed	for	for	for	for
2nd	2024.11.5	Proposal for Internal Transactions Between KT and KT Cloud	Conditionally accepted	for	for	Absence	for
•	Sustainability Management Committee
---	---
Order	Date	Subject	Result of Discussion	Outside Director				Inside<br>Director
---	---	---	---	---	---	---	---	---
				Yang-Hee<br>Choi	Woo-<br>Young<br>Kwak	Jong-Soo<br>Yoon	Seong-<br>Cheol Kim	Chang-Seok<br>Seo
				(Attendance:	(Attendance:	(Attendance:	(Attendance:	(Attendance:
				100%)	100%)	100%)	100%)	50%)
1st	2024.1.18	Extension of KT Win-Win Cooperation Fund	Accepted as proposed	for	for	for	for	for
		2023 ESG Management Implementation Performance Report	Accepted as proposed	for	for	for	for	for
2nd	2024.4.9	2024 ESG Management Implementation Plan Report	Accepted as proposed	for	for	for	for	Absence
•	Director Candidate Recommendation Committee: Refer to the bottom section “(4). Independence ofDirectors”.
---	---

(4) Independence of the Board of Directors

(a) Independence of appointing BOD members

In order to secure independence and transparency, outside director candidate should be recommended to the AGM by Director Candidate Recommendation Committee and the outside search and advisory group may be conducted if necessary. Inside director, excluding Representative Director, should be selected from the AGM from among the candidates recommended by the Representative Director, with the consent of the Board of Director Candidate Recommendation Committee and the approval of the Board of Directors, who are executive officers governed by the articles of incorporation.

Title	Name	Tenure*	Consecutiveterm(numberof term)	Appointmentbackground	Recommendation	Acting area as a director	Transactions<br>with the<br>company,<br>relationship with<br>major<br>shareholders
Representative Director	Young-Shub Kim	August of 2023 ~	-	Finance/<br>Management<br>expert	BOD	-	None
		AGM day of 2026.
Inside Director	Chang-Seok Seo	August of 2023 ~	—	ICT expert	Representative Director<br><br><br>(w/ the consent of BOD)	Sustainability Management Committee	None
		AGM day of 2026.
Outside Director	Yong-Hun Kim	March of 2022~	—	Legal expert	^Prevous)^Outside Director Candidate Recommendation Committee(Point 1)	Audit Committee, Related-Party Transactions Committee, Director Candidate Recommendation Committee	None
		AGM day of 2025.
Outside Director	Yang-Hee Choi	June of 2023 ~	—	Futuristic<br> technology<br>expert	Director Candidate Recommendation Committee	Corporate Governance Committee Chairperson, Sustainability Management Committee Chairperson, Evaluation and Compensation Committee, Director Candidate Recommendation Committee	None
		AGM day of 2026.
Outside Director	Woo-Young Kwak	June of 2023 ~	—	ICT expert	Director Candidate Recommendation Committee	Related-Party Transactions Committee Chairperson, Corporate Governance Committee, Sustainability Management Committee, Director Candidate Recommendation Committee	None
		AGM day of 2025.
Outside Director	Jong-Soo Yoon	June of 2023 ~	—	ESG<br> <br>expert	Director Candidate Recommendation Committee	BoD Chairperson, Director Candidate Recommendation Committee Chairperson,<br><br><br>Evaluation and Compensation Committee,<br><br><br>Related-Party Transactions Committee,<br><br><br>Sustainability Management Committee	None
		AGM day of 2026.

Outside Director	Yeong-Kyun Ahn	June of 2023 ~	-	Accounting<br>expert	Director Candidate Recommendation Committee	Audit Committee Chairperson, Related-Party Transactions Committee, Director Candidate Recommendation Committee	None
		AGM day of 2026.
Outside Director	Seung-Hoon Lee	June of 2023 ~	—	Finance<br>expert	Director Candidate Recommendation Committee	Corporate Governance Committee, Audit Committee,<br><br><br>Director Candidate Recommendation Committee	None
		AGM day of 2025.
Outside Director	Seong-Cheol Kim	June of 2023 ~	—	Risk/<br>Regulation<br>expert	Director Candidate Recommendation Committee	Evaluation and Compensation Committee Chairperson, Corporate Governance Committee, Sustainability Management Committee, Director Candidate Recommendation Committee	None
		AGM day of 2025.
Outside Director	Seung-Ah Cho	June of 2023 ~ AGM day of 2026.	—	Management<br>expert	Director Candidate Recommendation Committee	Audit Committee, Evaluation and Compensation Committee, Director Candidate Recommendation Committee	None
*	Tenure(*) : Tenure as a director
---	---

(Point 1) Established the Director Candidate Recommendation Committee on June 30, 2023.

(by integrating the Representative Director Candidate Examination Committee and the Outside Director Candidate Recommendation Committee)

(b) Establishment of a separate committee for the selection of Outside Directors

※	According to the results of the 1st extraordinary shareholders’ meeting (June 30. 2023), Director<br>Candidate Recommendation Committee is established. (integrating the Representative Director Candidate Examination Committee and the Outside Director Candidate Recommendation Committee)
※	The 4th Director Candidate Recommendation Committee(March 28, 2024) :
---	---

Appointment of the Director Candidate Recommendation Committee Chairperson

Name	Outside Director	Note
Jong-Soo Yoon (Chairperson)	O	All Outside Directors<br> <br>(fulfilled<br>requirements stipulated in Commercial Act 542(8) 4.)
Yong-Hun Kim	O
Yang-Hee Choi	O
Woo-Young Kwak<br><br><br>Seung-Hoon Lee<br> <br>Yeong-Kyun Ahn<br><br><br>Seong-Cheol Kim	O<br><br><br>O<br> <br>O<br><br><br>O
Seung-Ah Cho	O

•	Activities of Director Candidate Recommendation Committee
Order	Date	Subject	Result of<br>Discussion	Outside Director
---	---	---	---	---	---	---	---	---	---	---	---
				Jong-Soo<br>Yoon	Yong-Hun<br>Kim	Yang-Hee<br>Choi	Woo-Young<br>Kwak	Seung-Hoon<br>Lee	Yeong-<br>Kyun Ahn	Seong-<br>Cheol Kim	Seung-Ah<br>Cho
				(Attendance:	(Attendance:	(Attendance:	(Attendance:	(Attendance:	(Attendance:	(Attendance:	(Attendance:
				100%)	66%)	100%)	66%)	66%)	100%)	100%)	100%)
1st	2024.3.28	Appointment of Chairperson for Director Candidate Recommendation Committee	Appointment of Chairperson	for	for	for	for	for	for	for	for
2nd	2024.11.12	Operating Plan for Director Candidate Recommendation Committee	Operating Plan approved	for	(Point<br>1)	for	(Point<br>1)	(Point<br>1)	for	(Point<br>1)	for
		Report on the Continuous Management of External Director Candidate Pool	Original proposal approved	for	(Point<br>1)	for	(Point<br>1)	(Point<br>1)	for	(Point<br>1)	for
3rd	2024.12.19	Composition of the Advisory Group	Composition of the Advisory Group	for	Absence	for	Absence	Absence	for	(Point<br>1)	for
		Report on Outside Director Candidate Pool	Original proposal approved	for	Absence	for	Absence	Absence	for	(Point<br>1)	for

(Point 1) Directors Yong-Hun Kim, Woo-Young Kwak, Seung-Hoon Lee and Seong-Cheol Kim, who are related to the agenda item, do not have voting rights : Article 42 (Director Candidate Recommendation Committee), Paragraph 3 of the Articles of Incorporation.

(5) Expertise ofOutside Directors

KT established a dedicated team for outside directors to support the board meeting and committee activities. The corporate governance team provides explanatory meetings in advance, if necessary, to make agendas fully considered and information on business issues.

(a) Supportive team for Outside Directors

Department	Number of Staffs	Job Position(years served)	Activity history
BOD Office	9	Office Director 1 (1 years )<br> <br>Team leader 2 (2.4<br>years<br> <br>on average)<br> <br>Director 1 (4.8 years on average)<br><br><br>Vice director 3 (5.1 years<br> <br>on average)<br><br><br>Manager 2 (1.9 years on average)	- Operates Board meetings and Board committees<br><br><br>- Provides preliminary reports on major issues to outside directors<br><br><br>- Provides management information<br> <br>- Provides other information<br>needed for outside directors’ job and supports for their requests.

(b) Education for outside directors

Date	Educationprovider	Attendedoutsidedirector	Reasonsfor<br>absence	Education contents
2024. 01. 18.	KT	All	—	Major Technology Trends—CES 2024 Review
2024. 03. 05.	KT	All	—	Major Technology Trends—MWC 2024 Review
2024. 04. 09.	KT	All	—	KT Global Business Progress Status
2024. 04. 11.	KT	All	—	2024 KT Group Management Direction
2024. 06. 11.	KT	All	—	Corporate Value-Up Guideline Finalization and Response Plan
2024. 06. 20.	KT	All	—	KT Group Real Estate Status
2024. 09. 24.	Deloitte Anjin LLC	All	—	Education on Internal Accounting Management System
2024. 11. 05.	KT	All	—	KT Corporate Value Enhancement Plan

2. Audit Committee

(1)	Personal Information of Members of the Audit Committee(As of December 31, 2024)<br>
Name	OutsideDirector	Experience	Accounting/ Finance Expert
---	---	---	---	---	---
			Expert	Expertise	Relevantcareer
Yeong Kyun<br><br><br>Ahn<br> <br>(Chairperson)	Yes	- Board Member of International Federation of Accountants (present)<br><br><br>- Vice President, Korean Institute of CPA<br> <br>- Member of<br>International Accounting Education Standards Board	Yes	Certified<br> Public<br>Accountant	- Basic<br> Qualifications:<br><br> <br>. Possession<br>of<br>Korean<br>Certified<br>Public<br>Accountant<br>(KICPA)<br>qualification<br> <br><br> <br>.<br>Possession of<br>American<br>Certified<br>Public<br>Accountant<br>(AICPA)<br>qualification<br> <br><br><br><br>- Working<br>Period:<br> <br><br><br><br>. More than 5<br>years of<br>employment<br>at Samil<br>Accounting<br>Firm (1987-<br>2014)
Yong-Hun Kim	Yes	- Attorney of Law Firm Daeryuk Aju(present)<br><br><br>- External Director of Social Welfare Joint Fundraising Association (present)<br><br><br>- Secretary General of the Constitutional Court	—	—	—
Seung Hoon Lee	Yes	- Global Department Representative Partner at KCGI (present)<br><br><br>- ESG Department Representative at K Global Asset Management<br><br><br>- Executive Vice President, M&A Department, SK Telecom and SK Gas	—	—	—
Seung-Ah Theresa Cho	Yes	- Professor at Business School of Seoul National University, Korea (present)<br><br><br>- Vice President of International Affairs at Seoul National University, Korea<br><br><br>- Vice President of Korean Strategic Management Society	—	—	—

(2) The independence of audit committee members

The company has a separate audit committee within the board of directors, and the audit committee members are appointed by a resolution of the shareholders’ meeting. The audit committee consists of four outside directors, and one of them is a financial expert (outside director, Yeong Kyun Ahn).

The audit committee performs its duties independently of the company and audits the company’s accounting and operations. They have the authority to request reports on business matters and investigate the financial condition of the company.

OutsideDirector	Tenure	Consecutiveterm(number ofterm)	Reasons forappointment	Recommendor	Roles in the Board	Transaction with<br>the Company,Relationship<br>with the largest<br>shareholder and<br>majorshareholders
Yeong Kyun Ahn<br><br><br>(Chair)	June of 2023 ~ AGM of 2026	—	Accounting<br>Expert<br>(relevant to<br>Article 37,<br>Paragraph 2,<br>Clause 1 of<br>the<br>Commercial<br>Act<br>Enforcement<br>Decree)	BoD	Audit Committee<br>(Chairperson), Related-<br>Party Transactions<br>Committee, Director<br>Candidate<br>Recommendation<br>Committee	None
Yong-Hun Kim	March of 2022 ~ AGM of 2025	—	Legal Expert	BoD	Audit Committee, ,<br>Related-Party<br>Transactions Committee,<br>Director Candidate<br>Recommendation<br>Committee	None
Seung Hoon Lee	.June of 2023 ~ AGM of 2025	—	Finance<br>Expert	BoD	Director Candidate<br>Recommendation<br>Committee(Chairperson),<br>Audit Committee,<br>Evaluation and<br>Compensation<br>Committee	None
Seung-Ah Theresa Cho	June of 2023 ~ AGM of 2026	—	Management<br>Expert	BoD	Audit Committee,<br>Evaluation and<br>Compensation<br>Committee, Director<br>Candidate<br>Recommendation<br>Committee	None

(3) Major Activities of the Audit Committee

Order	Date	Agenda		Outside Director
				Yeong-Kyun<br>Ahn	Yong-Hun<br>Kim	Seung-Hoon<br>Lee	Seung-Ah<br>Theresa Cho
			Result of<br><br><br>Discussion	(Attendance:<br>100%)	(Attendance:<br>100%)	(Attendance:<br>100%)	(Attendance:<br>100%)
1st	2024.2.6	Report on the recruitment of external executive officers for the Second Half of 2023	Accepted as proposed	for	for	for	for
		Approval of audit and Non-Audit services provided by externalauditors to the company and its affiliates	Original proposal approved	for	for	for	for
		Report on operational condition of the internal accounting management system for 2023	Original proposal accepted	for	for	for	for
		Report on final audit for fiscal year 2023 and audit plan for fiscal year 2024	Accepted as proposed	for	for	for	for
2nd	2024.2.20	Report on compliance<br> <br>performance for<br>2023	Accepted as<br> <br>proposed	for	for	for	for
		Evaluation of compliance officers and internal audit managers by the audit committee for 2023	Determination of evaluation grades	for	for	for	for
		Report on the results of the audit for 2023	Accepted as proposed	for	for	for	for
3rd	2024.3.5	Evaluation results of the internal accounting management system operation by the audit committee for 2023	Original proposal approved	for	for	for	for
		Report on the compliance plan for 2024	Accepted as proposed	for	for	for	for
		Evaluation opinion on the operation status of internal control devices by the audit committee	Original proposal approved	for	for	for	for
4th	2024.3.14
		Results of the investigation of agenda items and documents for the 42^nd^AGM	Original proposal approved	for	for	for	for
		Audit report for the 42^nd^AGM	Original proposal approved	for	for	for	for
		Selection of the chairperson of the audit committee	Chairperson selected	for	for	for	for
5th	2024.3.28	Delegation of authority for pre-approval of non-audit services by external auditors	Original proposal approved	for	for	for	for
		Report on the audit results of the consolidated financial statements for the U.S. disclosure for	Accepted as proposed	for	for	for	for
6th	2024.4.9	2023
		Report on the audit performance of external auditors for 2023	Accepted as proposed	for	for	for	for

7th	2024.5.7	Separate and consolidated financial statements for the First Quarter of 2024	Accepted as proposed	for	for	for	for
		Report on the recruitment of external executive officers for the first half of 2024	Accepted as proposed	for	for	for	for
8th	2024.8.6	Separate and consolidated financial statements for the first half of 2024	Accepted as proposed	for	for	for	for
		Report on the audit results for the first half of 2024	Accepted as proposed	for	for	for	for
		Report on audit performance for the first half of 2024 and audit plan for the second half of 2024	Accepted as proposed	for	for	for	for
9th	2024.11.5	Separate and consolidated financial statements for the third quarter of 2024	Accepted as proposed	for	for	for	for
		Approval of audit fees for external auditors for 2025	Original proposal approved	for	for	for	for
10th	2024.12.19	Approval of audit services provided by external auditors to affiliates	Approved with amendments	for	for	for	for

(4) Education plan

Though auditors already have sufficient experience and knowledge, KT provides auditors with reports and education programs about related issues such as industry which KT belongs to, change in management environment, legal change and etc.

-	Briefing on major change in management environment and compliance issue
-	Seminars related with the Audit Committee
---	---
-	Educational programs or conference
---	---

(5) Audit Committee Education status

Date	Educationprovider	Attended auditmember	Reasons forabsence	Education contents
2024.5.23	Samil PWC	Yeong-Kyun Ahn<br><br><br>(Chairperson)<br> <br><br><br><br>Yeong-Kyun Ahn,	—	- Understanding stakeholder capitalism from an ESG perspective and board response measures<br><br><br><br> <br>- Issues and improvement tasks for Korean corporate boards<br><br><br><br> <br>- Support measures for corporate value-up program
2024.5.28	KT	Yong-Hun Kim,<br> <br><br><br><br>Seung-Honn Lee<br> <br><br><br><br>Seung-Ah Theresa Cho	—	- Operation and audit status of the internal accounting management system<br><br><br><br> <br>- Group-level internalization plan for the internal accounting management<br>system
2024.7.4	KPMG Samjong Accounting Corp.,	Seung-Ah Theresa Cho	—	- Cybersecurity, IT controls, and digital audit<br> <br><br><br><br>- Compliance oversight by directors and auditors (committee members)<br> <br><br><br><br>- Corporate value-up program and the role of the board of directors
2024.10.7	KICPA	Yeong-Kyun Ahn (Chairperson)	—	- ESG-related accounting and taxation<br> <br>- ESG<br>management implementation, evaluation, reporting/disclosure standards, and guidelines
2024.11.29	Audit Committee Forum	Yeong-Kyun<br><br><br>Ahn<br> <br>(Chairperson)	—	- Understanding and responding to the Stewardship code<br> <br><br><br><br>- External audit supervision measures at the time of settlement and response to revised internal accounting management system evaluation ad reporting<br>standards

(6) Supportive team for Audit Committee

Department	Numberof<br><br><br>Staff	Job Position (years served)	Activity history
Audit<br><br><br>Department	42	Offce Head 1 (1year 1 months)<br> <br>Director 2 (6<br>years 1 month on average)<br> <br>Team leader 6 (5years on average)<br><br><br>Team members 33 (3 years on average)	• Group/company-wide ethical promotion and organizational soundness and ethics<br>diagnosis/auditmanagement<br> <br><br><br><br>• Company-wide Management Diagnosis and Risk Management<br><br><br><br> <br>• Group/company-wide accounting<br>audit and internal control diagnosis

(7) Matters on Compliance officer

•	Name : Heo Tae-won
•	Qualification : Passed the 43rd Judicial Exam (2001), Lawyer.
---	---
•	Education
---	---

Graduated from Seoul National University, Department of Law (1994).

•	Professional experience

Completed the 33rd Judicial Training Institute (2004)
Worked as a prosecutor in the Criminal/Public Safety Department at the Seongnam, Busan, Suwon, and Seoul Central District Prosecutors’ Offices (2004-2012).
Lawyer at Kim & Chang Law Firm (2012-2015).

Outside Director and Chairman of the Audit Committee at Netmarble Corp. (2016-2022).
Representative Partner at A-In Law Firm (2015-2023).

•	Major Activities and results
Items	Date/Period	Contents	Result
---	---	---	---
Compliance education	On occasion	- Conducting compliance training by department by major position<br><br><br>- Online education including anti-graft/foreign anti- corruption laws for all employees<br><br><br>- Conducting compliance education for group companies and business partners	Nothing significant report to
		- Operation of the Compliance Committee (the highest decision-making body related to compliance control) and the Compliance Office<br><br><br>- Operation of ‘Anti-Corruption Code of Conduct’ to comply with the Anti-Corruption Act and FCPA<br><br><br>- 3rd party risk assessment and compliance due diligence<br> <br>-<br>Conducting legal review of executives and employees’ work and contracts
Compliance Support	On occasion	- Support smooth compliance activities of executives<br><br><br>and employees through the compliance platform (Support for autonomous compliance activities such as regular access to compliance control data and inquiry of<br>organizations subject to anti-corruption laws)<br> <br>- Establishment/support of group compliance system<br><br><br>- Report the plans and results of company-wide compliance activities to the Audit Committee<br><br><br>- Report the results of inspection on compliance with the compliance control standards to the board of directors<br><br><br>- Selection of major legal risk areas<br> <br>- Establishment and<br>implementation of self-inspection<br> <br>plans for each department	Nothing significant to report
Compliance check	On occasion	- Implementation of actual condition evaluation on self-<br><br><br>inspection activity details<br> <br>- Conduct regular inspections for<br>high-risk areas<br> <br>- Special inspection on timely potential risk issues	Nothing<br> <br>significant to<br><br><br>report

•	Supportive team for the compliance officer
Department	Number of Staffs	Job Position(years served)	Activity history
---	---	---	---
Compliance Office	20	Team leader 5 (4years on average)<br> <br>Senior<br>Manager 6 (4.3 years on average)<br> <br>Manager 4 (3.2 years on average)<br><br><br>Assistant Manager 2 (0.7 years on average)<br> <br>Lawyer 3 (6.4 years on<br>average)	Support for major activities of compliance officers

3. Matters on Shareholder’s Exercise of Voting Rights

A. Adoption of Cumulative Voting System

•	Automatic introduction of the cumulative voting system was implemented following the completion of the<br>privatization process in 2002.
•	Where a general meeting of shareholders of a company is convened to appoint two or more directors, shareholders<br>who hold no less than three percent of the total number of issued and outstanding shares excluding nonvoting shares may request the company to appoint directors based on cumulative voting, except as otherwise provided for by the articles of<br>incorporation.
---	---
•	Each shareholder shall have the same number of voting rights per share as directors to be elected, with respect<br>to the resolutions for election of directors, and the voting rights may be exercised based on cumulative voting for one or several candidates for directors
---	---
•	Where directors are to be elected by a vote, the directors shall be elected in order of candidates who obtain the<br>most votes.
---	---
•	For further information, refer to Commercial Act Article 382-2(Cumulative Voting) and<br>Article 542-7(Special cases concerning Cumulative Voting)
---	---

B. Adoption of the Written Voting System or Electronic Voting

•

Adoption of the written voting system in accordance with the changes in the Articles of Incorporation at the 23rd General Meeting of Shareholders (March 11, 2005). The written voting system has been introduced and exercised to protect right of the minority shareholders. To support minority shareholders -exercise voting rights on each agenda with the written vote measure, KT sends voting papers with the AGM notice. Upon receipt of the documents, the shareholder can exercise voting rights by marking for/against on voting paper and mail the documents back to the company before the AGM.

Article 22-2 (Exercise of Voting Rights by Writing)

(1) The Shareholders may exercise their voting rights by writing without attending the General Meetings of Shareholders in person.

(2) In case of Paragraph (1) above, KT shall send the notice of convening the General Meeting of Shareholders, together with written documents and reference materials necessary for the Shareholders to exercise their voting rights.

(3) The Shareholders desiring to exercise their voting rights by writing shall enter necessary matters in the written documents under paragraph (2) and submit them to KT by the date immediately preceding the date set for the Meeting.

•

To promote convenience of the shareholders to exercise voting rights in accordance with the Commercial Act Article 368-4(Exercise of Voting Rights by Electronic Means), KT adopted electronic voting through the BOD resolution on February 6, 2020. On the AGM notice, KT will notify that shareholder may exercise vote by electronic means. In accordance with Article 368-4 (4) of the Commercial Act, shareholders may choose either electronic or written method if they exercise their voting rights without attending the general meeting.

C. Exercising the right of the minority shareholders

On August 22, 2022Thirty-five minority shareholders, including Cho, Tae-Wook requested KT to file a lawsuit for the damages against the former and current directors, exercising their minority shareholder rights under Article 542(6) of the Commercial Act and Article 403 of the Commercial Code. On September 6, 2022, the 9th Audit Committee decided not to file a lawsuit against directors requested by the minority shareholders.

VI. Shareholder Information

1.	Share Ownership of Largest Shareholder (As of December 31, 2024) (Unit: Shares, %)
Name	Type of<br>Stock	Number of Shares Owned and Percentage of Ownership
---	---	---	---	---	---	---	---	---	---
		Beginning of Term				End of Term
		Number of IssuedShares		Percentage ofOwnership		Number of IssuedShares		Percentage ofOwnership
Hyundai Motor Company	Common Stock		12,251,234		4.75		12,251,234		4.86
Hyundai Mobis	Common Stock		8,094,466		3.14		8,094,466		3.21
Total	Common Stock		20,345,700		7.89		20,345,700		8.07
2.	Changes in Largest Shareholder
---	---

On April 2, 2024, the largest shareholder changed from the NPS to Hyundai Motor Company and Hyundai Mobis.

3.	Distribution of Shares (As of December 31, 2024) (Unit: Shares)
Category	Name		Number of<br>Shares Owned		Percentage ofOwnership		Note
---	---	---	---	---	---	---	---
Shareholders Holding<br>5% or more		Hyundai Motor Company /<br>Hyundai Mobis		20,345,700		8.07	Common Stock
		NPS		19,572,583		7.77	Common Stock
		Shinhan Bank		14,525,096		5.76	Common Stock
Employee Stockholders Association				8,057,639		3.20	Common Stock

VII. Directors, Senior Management and Employees

1. Directors

※ Changes since the preparation date

Inside and outside directors have been changed through the 31, December 2024 as follows.

Name	Date of<br>Birth	Position		Expiration of<br>Term of<br>Office
Inside<br> <br>Directors
Young Shub Kim	April, 1959	Representative Director and Chief Executive Officer	1 year<br>4 months	March 2026
Chang Seok Seo	July, 1967	Senior Executive Vice President, Network Group<br><br><br>Sustainable Management Committee	10 years<br>11months	March 2026
Outside<br> <br>Directors
Yong-Hun Kim	March 1955	Audit Committee<br> <br>Internal Transactions<br>Committee<br> <br>Director Nomination Committee	2 years<br>9 months	March 2025
Yanghee Choi	July, 1955	Chairperson of the Corporate Governance Committee<br><br><br>Chairperson of the Sustainability Management Committee<br> <br>Evaluation<br>and Compensation Committee<br> <br>Director Nomination Committee	1 year<br>6 months	March 2026
Woo-Young Kwak	September, 1956	Chairperson of the Internal Transactions Committee<br><br><br>Corporate Governance Committee<br> <br>Sustainability Management<br>Committee<br> <br>Director Nomination Committee	1 year<br>6 months	March 2025
Jong Soo Yoon	August, 1958	Chairman of the Board of Directors<br> <br>Chairperson<br>of Director Nomination Committee<br> <br>Evaluation and Compensation Committee<br><br><br>Sustainability Management Committee<br> <br>Internal Transactions<br>Committee	1 year<br>6 months	March 2026

Yeong Kyun Ahn	February,<br> <br>1959	Chairperson of the Audit Committee<br> <br>Internal<br>Transactions Committee<br> <br>Director Nomination Committee	1 year<br>6 months	March<br>2026
Seung Hoon Lee	December,<br> <br>1962	Nomination Committee for Director Candidates<br><br><br>Audit Committee<br> <br>Corporate Governance Committee	1 year<br>6 months	March<br>2025
Seongcheol Kim	June,<br> <br>1964	Chairperson of the Evaluation and Compensation Committee<br><br><br>Corporate Governance Committee<br> <br>Sustainability Management<br>Committee<br> <br>Director Nomination Committee	1 year<br>6 months	March<br>2025
SeungAh Theresa Cho	October,<br> <br>1967	Audit Committee<br> <br>Evaluation and Compensation<br>Committee<br> <br>Director Nomination Committee	1 year<br>6 months	March<br>2026

2. Senior Management (As of December 31, 2024)

Name	Title and Responsibilities	Year ofBirth
Soo-Jung Shin	Executive Vice President, Non-duty	1965
Chang-Yong Ahn	Senior Executive Vice President, Enterprise Business Group	1966
Seungpil Oh	Senior Executive Vice President, Tech. Innovation Group	1970
Yong-bok Lee	Senior Executive Vice President, Legal Affairs Office	1961
Hyunseok Lee	Senior Executive Vice President, Customer Business Group	1966
Heon-gyu Im	Senior Executive Vice President, Head of business support division	1964
Chung-rim Ko	Executive Vice President, Group Human Resources Office	1967
Kwang-Dong Kim<br> <br><br><br><br>Byung-Kyun Kim	Executive Vice President, Corporate Relations Office<br> <br><br><br><br>Executive Vice President, Daegu/Gyeongbuk Regional Headquarter	1970<br><br> <br>1968
Young-In Kim	Executive Vice President, Western Seoul Regional Headquarter	1968
Young-Ho Kim	Executive Vice President, Gangnam Regional Headquarter	1966
Chae-Hee Kim	Executive Vice President, Media Business Group	1974
Hoon-Bae Kim<br> <br><br><br><br>Song-Yul Park	Executive Vice President, Non-duty<br> <br><br><br><br>Executive Vice President, Northern Seoul/Gangwon Regional Headquarter	1963<br><br> <br>1969
Hyoil Park	Executive Vice President, Strategy Office	1970
Jeonghyun Seo	Executive Vice President, Legal Consulting Department	1971
Jinho Yang	Executive Vice President, Litigation Management Department	1973
Kyung-Hwa Ok	Executive Vice President, IT Ops Unit	1968
Yong-Kyu Yoo	Executive Vice President, Public Customer Business Unit	1971
Won-Joon Lee	Executive Vice President, Procurement Office	1967
Jong-Sik Lee	Executive Vice President, Future Network Laboratory	1972
Chang-Ho Yi	Executive Vice President, Chungnam / Chungbuk Regional Headquarter	1972
Min Jang	Executive Vice President, Financial Management Office	1968
Woo Jin Jung	Executive Vice President, Strategy&Business Consulting Group	1975
Jae-Wook Jeong	Executive Vice President, Busan/Gyeongnam Regional Headquarter	1972
Si Hwan Choi	Executive Vice President, Daegu / NETCORE TF Head	1967
Eui-Jeung Choo	Executive Vice President, Audit Office	1976
Seong-Kwon Kang	Senior Vice President, Cloud Lead	1971
Lee-Hwan Kang	Senior Vice President, Micro Enterprise Business Unit	1970
Jae-Hyung Koo	Senior Vice President, Network Technology Unit	1972
Kap-sok Kwon	Senior Vice President, NETCORE TF General Management Planning	1975
Hye-Jin Kwon	Senior Vice President, Network Strategy Unit	1971
Hee-Keun Kwon	Senior Vice President, Sales Department Manager	1970
Mongryong Kim	Senior Vice President, Western Seoul Enterprise Customer Sales Headquarter	1971

Young Geol Kim	Senior Vice President, Service Product Unit	1973
Young-Min Kim	Senior Vice President, IT Dev Unit	1971
Yong Nam Kim	Senior Vice President, Jeonnam / Jeonbuk Enterprise Sales Headquarter	1969
You-Tae Kim	Senior Vice President, Corporate Strategy Department	1972
Jun-Ho Kim	Senior Vice President, Non-duty	1965
Jee-Hyeon Kim	Senior Vice President, Partnership & Investment Department	1969
Jin-Chul Kim	Senior Vice President, Jeonnam/Jeonbuk Customer Sales Headquarter	1967
Hoon-Dong Kim	Senior Vice President, AI Lead	1976
Hyeong-Rae Roh	Senior Vice President, Busan/Gyeongnam Enterprise Customer Sales Headquarter	1970
Je-Hoon Myung	Senior Vice President, Enterprise Service Product Unit	1972
Min-Woo Bahk	Senior Vice President, Modern IT Lead	1971
Sei-Keun Park	Senior Vice President, NETCORE TF Head of Technology	1968
Jung-Ho Park	Senior Vice President, Non-duty	1970
Cheal-Ho Park	Senior Vice President, Corporate Relations Office Communication Policy Department	1972
Tae-ho Park	Senior Vice President, P&M TF Head	1970
Soon-Min Bae	Senior Vice President, AI Future Lab	1980
Ki-Hong Seo	Senior Vice President, Non-duty	1967
Won-Je Sung	Senior Vice President, Southern Seoul Enterprise Customer Sales Headquarter	1972
Je-Hyun Sung	Senior Vice President, Northern Seoul/Gangwon Enterprise Customer Sales Headquarter	1972
Jeung-Yeup Son	Senior Vice President, Device Business Unit	1972
Seung-Ho Song	Senior Vice President, SPA Unit	1974
Young-Tae Song	Senior Vice President, Chungnam/Chungbuk Enterprise Customer Sales Headquarter	1967
Chang-Seog Song	Senior Vice President, Safety&Health Office
Dong-Hoon Shin	Senior Vice President, Gen AI Lab	1976
Young-Woon Shin	Senior Vice President, Group Human Resources Department	1971
Hoon-Joo Shin	Senior Vice President, Non-duty	1971
Sung-Min Oh	Senior Vice President, Sales Operating & Channel Business Unit	1972
Tae-Sung Oh	Senior Vice President, ESG Management & Implementation Unit	1968
Taek-Gyun Oh	Senior Vice President, Network O&M Unit	1968
Seo-Bong Yu	Senior Vice President, AX Business Unit	1975
Kyung-A Yoon	Senior Vice President, Agentic AI Lab	1973
Byoung-Hyu Yoon	Senior Vice President, Chungnam/Chungbuk Customer Sales Headquarter	1972
Young-Kyoon Yun	Senior Vice President, IR Department	1971
Jin-Hyoun Youn	Senior Vice President, Platform Technology Unit	1968
Tae-Sik Yoon	Senior Vice President, Brand Strategy Office	1969
Kyong-Chae Yi	Senior Vice President, Western Seoul Customer Sales Headquarter	1971
Byeong-Moo Lee	Senior Vice President, AX Innovation Support Department	1971

Sang-Ki Lee	Senior Vice President, Global Cooperation Department	1970
Sang-Ho Lee	Senior Vice President, Non-duty	1975
Sung-Kyu Lee	Senior Vice President, Northern Seoul/Gangwon Network O&M Headquarter	1969
Se-Jung Lee	Senior Vice President, Decision Intelligence Lab	1974
Young-Jun Lee	Senior Vice President, Non-duty	1968
Jeong-Soo Lee	Senior Vice President, CEO Support Office	1972
Jung-Woo Lee	Senior Vice President, Public Relations Office	1971
Jin-Kwon Yi	Senior Vice President, Enterprise Business Implementation Unit 1	1969
Bo-Heon Im	Senior Vice President, Busan/Gyeongnam Network O&M Headquarter	1967
Seung-Hyouk Yim	Senior Vice President, Non-duty	1970
Hye-Jin Lim	Senior Vice President, Legal Consulting Group Legal Consulting Department	1978
Du-Seong Chang	Senior Vice President, Non-duty	1969
Byung-Gwan Jang	Senior Vice President, Win-Win Cooperation Unit	1970
Kil-Sung Jung	Senior Vice President, Enterprise Strategy?Planning Department	1974
Seon-Il Jeong	Senior Vice President, Jeonnam/Jeonbuk Network O&M Headquarter	1968
Chan-Ho Jung	Senior Vice President, Human Resources Development Department	1968
Young-Geun Ji	Senior Vice President, Southern Seoul Network O&M Headquarter	1972
Young-Sim Jin	Senior Vice President, Education Business Cooperation Department	1972
Kwang-Chul Choi	Senior Vice President, IPTV Business Unit	1971
Dong-Ryul Choi	Senior Vice President, Daegu/Gyeongbuk Enterprise Customer Sales Headquarter	1971
Yung Choi	Senior Vice President, Financial Planning Department	1971
Woo-Hyung Choi	Senior Vice President, Network Core Service Unit	1970
Ho-Chang Choi	Senior Vice President, On External Training	1971
Soo-Kyung Han	Senior Vice President, Corporate Synergy Department	1977
Tae-Won Hur	Senior Vice President, Compliance Office	1970
Tae-Jun Heo	Senior Vice President, Enterprise Business Unit	1970
Hae-Chon Hong	Senior Vice President, Enterprise Business Implementation Unit 2	1972
Kyeng-Hee Hwang	Senior Vice President, Daegu/Gyeongbuk Network O&M Headquarter	1970

3. Current Status of Employees

A. Employee Status

(As of December 31, 2024)	(Unit : KRW million)
Business Division	Gender	Number of Employees										AverageYearsofService		TotalAnnualSalary		AverageSalaryperPerson		Male		Female		Total
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
		PermanentEmployee				ContractEmployee				Total
		Total		(Part-timeWorker)		Total		(Part-timeWorker)
Telecommunications	Male		12,128		—		1,016		—		13,144		21.3		1,555,035		112		63		102		165
Telecommunications	Female		3,684		—		99		—		3,783		17.8		373,097		101
Total			15,812		—		1,115		—		16,927		20.5		1,928,132		110

※ Calculation Criteria:

•	Permanent Employees: Regular employees + security guards + indefinite-term contract employees<br>
•	Contract Employees: Non-registered executives + assistant managers + professional career employees +<br>general/project contract employees
---	---
•	Non-registered executives: 88 male executives + 11 female executives = 99 executives as of December 31, 2024<br>
---	---
•	Average years of service: Limited to permanent employees
---	---
•	Total annual salary and average salary per person: Based on the income tax law’s labor income amount for<br>regular employees/non-registered executives who were employed from January to December
---	---
•	External workers: Workers employed by other employers but used by the company according to Article 4, Paragraph<br>1, Subparagraph 4 of the Enforcement Rules of the Basic Employment Policy Act
---	---

B. Parental Support System Usage

Category<br><br><br>(Unit : Number of People)
Male Parental Leave Users	20	11	14
Female Parental Leave Users	52	47	53
Total Parental Leave Users	72	58	67

Male Parental Leave Usage Rate	11.6	%	6.7	%	7.3	%
Female Parental Leave Usage Rate	70.3	%	81.0	%	63.9	%
Total Parental Leave Usage Rate	29.3	%	26.2	%	24.3	%
Employees Working for More Than 12 Months After Returning from Parental Leave (Male)	273		193		165
Employees Working for More Than 12 Months After Returning from Parental Leave (Female)	498		420		409
Total Employees Working for More Than 12 Months After Returning from Parental Leave	771		613		574
Users of Shortened Working Hours for Childcare	16	(19cases)	12	(18cases)	8	(10cases)
Users of Spouse’s Paternity Leave	176		165		211

※ Number of parental leave users: Employees who applied for parental leave among those with children born in the relevant year

※ Parental leave usage rate: (Number of parental leave users) / (Number of employees with children born in the relevant year)

※ Employees working for more than 12 months after returning from parental leave: Employees who worked for more than 365 days after the initial parental leave application (excluding leave days)

※ Calculation criteria for spouse’s paternity leave: If used over two years, counted separately for each year

C. Flexible Working System Usage

Category<br><br><br>(Unit : Number of People)	Current Year (43rd)		Previous Year (42nd)		Year Before Last (41st)
Flexible Working System Usage	°		°		°
Users of Staggered Working Hours		7,417		6,411		3,123
Users of Selective Working Hours		—		15		33
Users of Remote Work (Including Telecommuting)		7,041		9,088		19,264

※ Includes users who used the flexible working system even once or for one day

※ Calculation criteria for staggered working hours: Quarterly user count, average value calculation

※ If staggered working hours and remote work (including telecommuting) are used simultaneously, counted separately for staggered working hours and remote work

D. Non-Registered Executive Remuneration

(As of December 31, 2024	(Unit : KRW million)
Category	Number of People		Total Annual Salary		Average Salary per Person
---	---	---	---	---	---	---
Non-Registered Executives		99		32,830		384

※ ‘Number of People’ excludes executives who retired during the year and is based on the number as of December 31, 2024.

※ ‘Total Annual Salary’ includes the income tax law’s labor income amount paid to non-registered executives during the disclosure period (January 1, 2024 - December 31, 2024), including amounts paid to executives who retired or were newly appointed during the year

※ ‘Average Salary per Person’ is the sum of the monthly average salary (total monthly salary divided by the average number of executives employed in the month) during the disclosure period (January 1, 2024—December 31, 2024)

4. Remuneration to Executive Officers

A. Amount Approved by the General Meeting of Shareholders

(Unit: KRW million)

Position	NumberofPeople		Amount Approved bythe General Meetingof Shareholders		Remarks
Inside Director		2		5,800	The amount approved by the general meeting includes both inside and outside directors.
Outside Directors		8

B. Remuneration Amount

(1) Total Remuneration Amount

(Unit: KRW million)

Number of People	Total Amount		Average Amount per Person
10		2,433		243

(2) Remuneration Amount by Position

(Unit: KRW million)

Position
Inside Directors (excluding Outside Directors and Audit Committee Members)	2	1,651	826
Outside Directors (excluding Audit Committee Members)	4	379	95
Audit Committee Members	4	403	101
Auditor	—	—	—

※ The “Number of People” is based on the reference date of December 31, 2024.

※ The “Total Amount” is the total income paid as directors during the disclosure period from January 1, 2024, to December 31, 2024.

※ The “Average amount per Person” is calculated by simply averaging the total compensation by the number of people as of the reference date of December 31, 2024.

<Individual Remuneration Status of Director/Auditor with Total Amounts Over KRW 500 Million>

(1) Individual Remuneration Amount

(Unit: KRW million)

Name	Position	Total Amount		Remuneration Not Included in Total Amount
Young-Shub Kim	Representative Director		901		—
Chang-Seok Seo	Inside Director		750		—

※ The total individual remuneration above is the total amount paid from January 1, 2024, to December 31, 2024.

(2) Criteria and Methods for Calculation

(Unit: KRW million)

Name	Type of Remuneration		TotalAmount	Basis and Method of Calculation
Representative Director<br> <br><br><br><br>Young-Shub Kim	Employment income	Salary	556	The salary of KRW 556 million was paid in installments during the disclosure period, considering the rank, position, and contribution to the company based on the criteria and payment methods for director compensation determined by<br>the board resolution and internal guidelines such as management executive guidelines
		Incentives	332	The bonus of KRW 332 million was determined and paid based on the criteria and payment methods for director compensation determined by the board resolution, considering the business performance such as sales and operating profit,<br>the performance and contribution as an executive, and the internal and external management environment.
		Stock Option Exercise Profit	—	Not applicable
		Other employment income	13	The amount includes items considered as employment income among welfare items provided according to welfare standards, including health check-up fees and medical support funds.
	Retirement Income		—	Not applicable
	Other Income		—	Not applicable

Name	Type of Remuneration		TotalAmount	Basis and Method of Calculation
Inside Director<br> <br>Chang-Seok Seo	Employment Income	Salary	392	The salary of KRW 392 million was paid in installments during the disclosure period, considering the rank, position, and contribution to the company based on the criteria and payment methods for director compensation determined by<br>the board resolution and internal guidelines such as management executive guidelines
		Incentives	339	The bonus of KRW 339 million was determined and paid based on the criteria and payment methods for director compensation determined by the board resolution, considering the business performance such as sales and operating profit,<br>the performance and contribution as an executive, and the internal and external management environment.
		Stock Option Exercise Profit	—	Not applicable
		Other employment income	19	The amount includes items considered as employment income among welfare items provided according to welfare standards, including health check-up fees and medical support funds.
	Retirement Income		—	Not applicable
	Other Income		—	Not applicable

<Individual Remuneration Status of the Top 5 Recipients with Total Amounts Over KRW 500 Million>

(1) Individual Remuneration Amount

Name	Position
Young-Shub Kim	Representative Director	901	—
Chang-Seok Seo	Inside Director	750	—
Hyeon-Seuk Lee	Executive	683	—
Soo-Jung Shin	Former Executive	1,677	—
Hoon-Bae Kim	Former Executive	949	—

※ The total individual remuneration above is the total amount paid from January 1, 2024, to December 31, 2024.

(2) Criteria and Methods for Calculation

(Unit: KRW million)

Name	Type of Remuneration		TotalAmount	Basis and Method of Calculation
Representative Director<br> <br>Young-Shub Kim	Employment income	Salary	556	The salary of KRW 556 million was paid in installments during the disclosure period, considering the rank, position, and contribution to the company based on the criteria and payment methods for director compensation determined by<br>the board resolution and internal guidelines such as management executive guidelines
		Incentives	332	The bonus of KRW 332 million was determined and paid based on the criteria and payment methods for director compensation determined by the board resolution, considering the business performance such as sales and operating profit,<br>the performance and contribution as an executive, and the internal and external management environment.
		Stock Option Exercise Profit	—	Not applicable
		Other employment income	13	The amount includes items considered as employment income among welfare items provided according to welfare standards, including health check-up fees and medical support funds.
	Retirement Income		—	Not applicable
	Other Income		—	Not applicable
Inside Director<br> <br>Chang-Seok Seo	Employment Income	Salary	392	The salary of KRW 392 million was paid in installments during the disclosure period, considering the rank, position, and contribution to the company based on the criteria and payment methods for director compensation determined by<br>the board resolution and internal guidelines such as management executive guidelines
		Incentives	339	The bonus of KRW 339 million was determined and paid based on the criteria and payment methods for director compensation determined by the board resolution, considering the business performance such as sales and operating profit,<br>the performance and contribution as an executive, and the internal and external management environment.
		Stock Option Exercise Profit	—	Not applicable
		Other employment income	19	The amount includes items considered as employment income among welfare items provided according to welfare standards, including health check-up fees and medical support funds.
	Retirement Income		—	Not applicable
	Other Income		—	Not applicable

Name	Type of Remuneration		TotalAmount	Basis and Method of Calculation
Executive<br> <br>Hyeon-Seuk Lee	Employment Income	Salary	355	The salary of KRW 355 million was paid in installments during the disclosure period, considering the executive delegation contract, considering the position, title, and company contribution.
		Incentives	302	The bonus of KRW 302 million was determined and paid based on the criteria and payment methods for executive compensation determined by the board resolution, considering the business performance such as sales and operating profit,<br>the performance and contribution as an executive, and the internal and external management environment.
		Stock Option Exercise Profit	—	Not applicable
		Other employment income	26	The amount includes items considered as employment income among welfare items provided according to welfare standards, including health check-up fees and medical support funds.
	Retirement Income		—	Not applicable
	Other Income		—	Not applicable
Former Executive<br> <br>Soo-Jung Shin	Employment Income	Salary	408	The salary of KRW 408 million was paid in installments during the disclosure period, considering the executive delegation contract, considering the position, title, and company contribution.
		Incentives	224	The bonus of KRW 224 million was determined and paid based on the criteria and payment methods for executive compensation determined by the board resolution, considering the business performance such as sales and operating profit,<br>the performance and contribution as an executive, and the internal and external management environment.
		Stock Option Exercise Profit	—	Not applicable
		Other employment income	22	The amount includes items considered as employment income among welfare items provided according to welfare standards, including health check-up fees and medical support funds.
	Retirement Income		1,023	The retirement income of KRW 1,023 million was calculated by reflecting the length of service (10.4 years) in the base annual salary for 2.5 months before the occurrence of the retirement reason, according to the executive<br>retirement payment regulations approved by the shareholders’ meeting.
	Other Income		—	Not applicable

Name	Type of Remuneration		TotalAmount	Basis and Method of Calculation
Former Executive<br> <br>Hoon-Bae Kim	Employment Income	Salary	230	The salary of KRW 230 million was paid in installments during the disclosure period, considering the executive delegation contract, considering the position, title, and company contribution.
		Incentives	177	The bonus of KRW 177 million was determined and paid based on the criteria and payment methods for executive compensation determined by the board resolution, considering the business performance such as sales and operating profit,<br>the performance and contribution as an executive, and the internal and external management environment.
		Stock Option Exercise Profit	—	Not applicable
		Other employment income	22	The amount includes items considered as employment income among welfare items provided according to welfare standards, including health check-up fees and medical support funds.
	Retirement Income		520	The retirement income of KRW 520 million was calculated by reflecting the length of service (9.1 years) in the base annual salary for 2.5 months before the occurrence of the retirement reason, according to the executive retirement<br>payment regulations approved by the shareholders’ meeting.
	Other Income		—	Not applicable

C. Standards for payment of remuneration for directors and auditors

(1) Standards for payment of remuneration for Representative Director and Inside Director

(a) Employment income

Employment income consists of salary(base and position allowance), incentives(short-term and long-term bonus), and other income.

•	Base salary : It shall be paid monthly in 1/12 amounts as determined by the board resolution and management<br>executive delegation contract.
•	Position allowance : It shall be paid monthly in 1/12 amounts based on the importance of the position and as<br>determined by the board resolution and management executive delegation contract.
---	---
•	Short-term Incentives : It can be paid based on performance evaluation of annual goals, determined by the board<br>decision, and consists of quantitative indicators such as sales and operating profit, and non-quantitative indicators. For the Representative Director, it is paid within the range of 0-180% of the base salary, and for inside directors, within the<br>range of 0-140% based on performance and contribution.
---	---
•	Long-term Incentives : It can be paid in restricted stocks within the range of 0-140% (Representative Director),<br>0-95% (inside directors) of the base salary according to the management contract and delegation contract, considering the total shareholder return and other evaluation results.
---	---
•	Other income : Payment of medical examination expenses, medical expenses, etc. in accordance with the standards<br>for executive benefits.
---	---

(b) Severance Income

It can be paid according to the Executive Severance Payment Regulations.

(2). Standards for payment of remuneration for Outside Directors

•	Fixed monthly amount : It shall be paid monthly at a uniform level as determined by the board resolution.<br>

•	Meeting Allowances : It shall be paid monthly based on the attendance at board and committee meetings, as<br>determined by the board resolution, and settled in the following month.
•	Stock compensation : It shall be paid in restricted stocks equivalent to 20 million won per person annually,<br>determined by board resolution.
---	---
•	Other income : Payment of medical examination expenses, etc. in accordance with the standards for supporting<br>outside directors
---	---

D. Grant and Exercise Status of Stock Options

(1) kt cloud Co., Ltd.

(As of December 31, 2024)	(Unit: KRW million)
Category	Number of Recipients		*Total fair value of Stock optionsgranted		Notes
---	---	---	---	---	---	---
Registered Directors (excluding outside directors and audit committee members)		—		—		—
utside Directors (excluding audit committee members)		—		—		—
Audit Committee Members or Auditors		—		—		—
Executive Officers		9		212		Including 2 employees on leave
Total		9		212		—
*	The compensation cost of the related stock options was calculated using the fair value approach with the<br>binomial model, and the assumptions and variables used to calculate the compensation cost are as follows.
---	---
Fair Value of Granted Stock Options	KRW 33,290
---	---
Fair Value of Underlying Asset	KRW 107,204
Stock Price volatility	31.66%
Dividend Yield	Not applicable
Maturity	5 years
Risk-Free Rate	3.014%~3.332%
1)	The fair value of the company’s common stock, which is the underlying asset of the stock options, was<br>calculated using the discounted cash flow method.
---	---
2)	The common stock of kt cloud Co., Ltd. is unlisted, and the expected stock price volatility was estimated by<br>averaging the historical volatility of similar listed companies’ stock prices over a certain period (1 year, 246 business days).
---	---

E. The stock-based compensation system

(1) Restricted Stock Unit(RSU)

① To reward management performance and encourage the enhancement of corporate value, the company can grant restricted stock units (RSUs) to inside directors and management executives as stock-based compensation. For inside directors, including the Representative Director, the number of shares granted is determined based on the performance evaluation such as Total Shareholder Return (TSR) within the limits specified in the compensation payment standards resolved by the Board of Directors. For management executives, the total number of shares granted is determined based on the same performance evaluations and is differentially granted according to individual contracts.

The stock grants are executed through the disposal of treasury shares resolved by the Board of Directors, and the granted shares are subject to a three-year transfer restriction through the establishment of a pledge. During the disclosure period (2022-2024), a total of 366,538 shares of common stock were granted, all of which were paid out from the company’s treasury shares.

(As of December 31, 2024)	(Unit: Shares)
Grant date	May 11, 2022	July 17, 2023	May 29,<br>2024	November 15,<br>2024
---	---	---	---	---
Recipient	Inside directors and executives
Number of Recipient	91	96	98	1
number of shares granted	125,675 shares	128,962 shares	104,730<br>shares	7,171<br>shares
cumulative payment amount during the disclosure period	366,538 shares

② To secure excellent personnel and retain and motivate key talent with competitive capabilities, the Board of Directors resolved to grant restricted stock units (RSUs) to employees starting from April 2024. Based on individual contracts, RSUs can be granted differentially within an annual limit of 6 billion KRW. After granting RSUs, if employees meet the tenure and service requirements specified in their individual contracts, the company will transfer the RSUs to the employees by disposing of treasury shares through a resolution of the Board of Directors.

Since the introduction of the RSU system in April 2024, as of the end of 2024, one employee has been granted 766 shares of common stock as RSUs. There were no RSUs granted or canceled during 2024, and the outstanding RSUs as of the end of 2024 amount to 766 shares.

(As of December 31, 2024)	(Unit: Shares)
Grant date	September 9, 2024
---	---
Number of Recipient	1 employee
number of shares<br><br><br>granted	766 shares
Vesting<br><br><br>Conditions	• 1 year of service from the grant date (50% of granted shares)<br><br><br><br> <br>• 4 years of service from the<br>grant date (50% of granted shares)<br> <br><br><br><br>• Continuous employment until the date of stock disposal
Payment timing	After meeting the service requirements, upon the resolution of the Board of Directors to dispose of the shares (twice a year: January/July)
Accumulated Number of Shares Granted During the Disclosure Period	766 shares

(2) Stock Grant

The company can pay part of the compensation for outside directors in the form of stock grants. These shares are granted through the resolution of the Board of Directors to dispose of treasury shares and are subject to a one-year transfer restriction through the establishment of a pledge. During the disclosure period (2022-2024), a total of 9,374 shares of common stock were granted, all of which were paid out from the company’s treasury shares.

(As of December 31, 2024)	(Unit: Shares)
Grant date	May 11, 2022	July 17, 2023	May 29, 2024
---	---	---	---
Recipient	Outside directors
Number of Recipient	8	8	11
number of shares granted	3,248	2,728	3,398
cumulative payment amount during the disclosure period	9,374 shares

VIII. Affiliated Companies

(Units : KRW Million, Shares, %)

Name of Company	Beginning Balance						Increase(Decrease)					Ending Balance						Financial Facts<br>(Latest fiscal year)
	Number of<br>Shares		Equity<br>Ratio		Book<br>Value		Acquisition(Disposal)			Valuation		Number of<br>Shares		Equity<br>Ratio		Book<br>Value		Total<br>Assets		Net<br>Profits
				Shares				Amounts
KT Linkus Co., Ltd.		3,075,232		87.3		6,738		0	0		0		3,075,232		87.3		6,738		61,210		-1,633
LS Marine Solution		1,794,442		7.3		5,409		-1,794,442	-5,409		0		0		0		0		0		0
KT Telecop Co., Ltd.		5,765,911		86.8		134,308		5,286,915	4,233		0		11,052,826		92.7		138,541		400,437		8,793
KTCS (*1)		3,177,426		8.4		6,427		0	0		0		3,177,426		8.4		6,427		313,093		-1,308
KTIS (*1)		10,196,190		33.3		30,633		0	0		0		10,196,190		33.3		30,633		469,932		11,862
KT Skylife (*1)		23,908,000		50.6		311,696		0	0		0		23,908,000		50.5		311,696		880,108		-123,363
KT Service Bukbu		476,094		67.3		3,873		0	0		0		476,094		67.3		3,873		56,706		-6,665
KT Service Nambu		531,127		76.4		10,160		0	0		0		531,127		76.4		10,160		57,827		-5,881
KTDS Co., Ltd. (*1)		2,400,000		91.6		19,616		0	0		0		2,400,000		91.6		19,616		306,217		33,346
KT Estate Inc.		15,848,819		100		1,084,522		0	0		0		15,848,819		100		1,084,522		2,469,995		27,505
KT GDH		4,760,000		100		2,745		0	0		0		4,760,000		100		2,745		7,998		303
BC card		3,059,560		69.5		633,004		0	0		0		3,059,560		69.5		633,004		5,728,101		107,757
H&C Network		8,903		1		848		0	0		0		8,903		1		848		59,808		1,868
KT Sat Co., Ltd.		10,000,000		100		390,530		0	0		0		10,000,000		100		390,530		733,574		30,741
KT Sprorts Co., Ltd.		10,602,667		52.6		27,326		0	0		0		10,602,667		52.6		27,326		23,299		859
KT M mobile Co., Ltd.		40,000,000		100		102,237		0	0		0		40,000,000		100		102,237		195,196		13,142
KT Music Contents Investment Fund No.2		1,156,400,000		26.7		1,156		0	0		0		1,156,400,000		26.7		1,156		5,508		134
KT Investment Co., Ltd		4,000,000		100		20,000		0	0		0		4,000,000		100		20,000		26,468		587
KT Strategic Investment Fund No. 3		29		86.7		2,947		-16	-2,817		0		13		86.7		130		7,232		7,415
KT Strategic Investment Fund No. 4		0		95		0		0	0		0		0		95		0		15,189		2,636
KT Strategic Investment Fund No. 5		190		95		19,000		0	0		0		190		95		19,000		11,140		-1,391
Next connect PFV		73,696,974		100		24,250		0	0		0		73,696,974		100		24,250		1,429,260		-21,508
KT Huimangjieum		600,000		69.9		3,000		0	0		0		600,000		69.9		3,000		8,453		1,318
KT Engineering Co., Ltd. (KT ENGCORE)		1,400,000		59.8		28,000		0	0		0		1,400,000		59.8		28,000		183,753		2,634
KTJapan Co., Ltd.		1,671		100		0		0	0		0		1,671		100		0		1,750		-180
East Telecom LLC		0		91.6		23,339		0	0		0		0		91.6		23,339		74,525		6,848
KT Hong Kong Telecommunications Co., Ltd.		405,000		100		460		0	0		0		405,000		100		460		9,105		423
KT Rwanda Networks Ltd		5,100,000		51		0		0	0		0		5,100,000		51		0		131,362		-21,025
AOS Ltd.		1,530,000		51		1,879		0	0		0		1,530,000		51		1,879		14,305		643
Korea Telecom America, Inc.		4,500		100		2,376		0	0		0		4,500		100		2,376		6,843		192
KT Alpha Co., Ltd		34,554,525		70.5		130,924		0	0		0		34,554,525		70.5		130,924		464,180		20,682
KTJapan Co., Ltd.		1,671		100		0		0	0		0		1,671		100		0		1,750		-180
East Telecom LLC		0		91.6		23,339		0	0		0		0		91.6		23,339		74,525		6,848
KT Hong Kong Telecommunications Co., Ltd.		405,000		100		460		0	0		0		405,000		100		460		9,105		423
KT Rwanda Networks Ltd		5,100,000		51		0		0	0		0		5,100,000		51		0		131,362		-21,025
AOS Ltd.		1,530,000		51		1,879		0	0		0		1,530,000		51		1,879		14,305		643
Korea Telecom America, Inc.		4,500		100		2,376		0	0		0		4,500		100		2,376		6,843		192
KT Alpha Co., Ltd		34,554,525		70.5		130,924		0	0		0		34,554,525		70.5		130,924		464,180		20,682
KT Commerce, Inc.		266,000		19		1,782		0	0		0		266,000		19		1,782		138,577		8,122
KT M&S Co., Ltd.		47,400,000		100		26,764		30,000	150		0		47,430,000		100		26,914		261,539		19,681

KT MOS Bukbu Co., Ltd. (*1)	409,991	100	6,334	0	0	0	409,991	100	6,334	50,262	1,287
KT MOS Nambu Co., Ltd. (*1)	248,515	98.4	4,267	0	0	0	248,515	98.4	4,267	51,458	3,719
Nasmedia Inc. (*1)	4,981,141	44.1	23,051	0	0	0	4,981,141	44.1	23,051	391,271	1,842
PlayD Co., Ltd.	3,008,989	23.5	20,000	0	0	0	3,008,989	23.5	20,000	134,657	4,483
kt studiogenie	11,645,086	90.9	283,620	0	0	0	11,645,086	90.9	283,620	561,551	212
lolab	2,382,200	79.8	21,958	-2,382,200	-21,958	0	0	0	0	0	0
KT ES Pte. Ltd.	108,000,000	57.6	13,641	67,500,000	68,270	-65,908	175,500,000	68.8	16,003	26,191	-75,860
KT Strategic Investment Fund No. 6	161	92	16,100	0	0	0	161	92	16,100	12,783	-4,550
kt altimedia	1,953,125	100	22,000	0	0	0	1,953,125	100	22,000	44,570	274
KTP SERVICES INC.	10,600,000	100	253	0	0	0	10,600,000	100	253	3,257	272
CU Construction Co., Ltd.(*2)	13,300	19	0	-13,300	0	0	0	0	0	0	0
KIF investment fund	100	33.3	115,636	0	0	0	100	33.3	115,636	573,376	37,187
Logind	28,150	20.4	621	0	0	-621	28,150	20.4	0	667	-136
KT-DSC Creative Economy Youth Start-up Investment Fund	2,220	17.1	2,220	-165	-165	0	2,055	17.1	2,055	56,231	-25,851
Korea Electric Vehicle Charging Service	304,553	7.6	3,439	0	0	0	304,553	7.6	3,439	43,787	-3,877
KT Smart Factory Investment Fund	5,000	29.4	5,000	0	0	0	5,000	29.4	5,000	14,087	1,961
KT Youth Startup DNA Investment Fund	11,000	45.8	11,000	0	0	0	11,000	45.8	11,000	16,253	2,133
Artificial Intelligence Research Institute	600,000	14.3	0	0	0	0	600,000	14.3	0	2,722	-1,382
KT-IBKC Future investment fund no.1	38	43.3	3,770	-18	-1,820	0	20	43.3	1,950	16,438	-558
Gyeonggi-KT Superman Investment Fund	25	35.7	2,500	-5	-500	0	20	35.7	2,000	12,476	28
HD Hyundai Robotics Co., Ltd.	888,889	10	50,000	0	0	0	888,889	10	50,000	0	0
QTT Global (Group) Company Limited	160,000	25	0	0	0	0	0	25	0	0	0
VRSB(Virtual Realm Sdn Bhd)	1,960,000	49	550	0	0	-550	1,960,000	49	0	14	0
KT Early-stage Investment Fund	5,600	40	5,600	2,400	2,400	0	8,000	40	8,000	18,666	-403
Smart Korea KT Next Investment Fund	6,000	27.3	6,000	0	0	0	6,000	27.3	6,000	21,001	-430
IBK-KT Digital New Industry Investment Fund	15,000	34.9	15,000	0	0	0	15,000	34.9	15,000	34,013	-7,544
KT RUS LLC	0	100	1,532	0	0	-1,532	0	100	0	420	-31
KT DX VIETNAM COMPANY LIMITED	0	100	1,860	0	0	0	0	100	1,860	1,568	-262
KT Cloud Co., Ltd.	17,712,048	92.7	901,504	0	0	0	17,712,048	92.7	901,504	2,055,812	35,367
Megazone Cloud Corporation	24,058	6.7	130,001	0	0	0	24,058	6.7	130,001	1,456,061	-18,576
TeamFresh Corp.	7,000	4.2	7,158	0	0	-3,437	7,000	4.1	3,721	321,080	-11,543
KB Telecommunications 3 ESG Fund	10,000	25	10,000	0	0	0	10,000	25	10,000	39,774	282
Data Center Development Blind Fund	8,505,093,393	25	7,750	0	0	0	8,505,093,393	25	7,750	30,110	-465
Shinhan EZ General Insurance, Ltd.	2,102,896	9.9	12,376	0	0	0	2,102,896	9.9	12,376	289,867	-17,403
New Media Tech Fund	1,200	20	1,200	1,200	1,200	0	2,400	20	2,400	11,647	-97
Shinhan KT Logistics Private Real Estate Investment Trust No.1	8,715,317,064	30	8,715	45,219,769	45	0	8,760,536,833	30	8,760	29,101	380
K-Realty Qualified Private Real Estate Investment Trust No.4	1,500,000,000	4.8	1,500	0	0	0	1,500,000,000	4.8	1,500	79,220	-1,034
KT HEALTHCARE VINA COMPANY LIMITED	0	100	13,001	0	-13,001	0	0	100	0	0	0
TelcoCB Corp.	1,300,000	26	6,500	0	0	0	1,300,000	26	6,500	13,816	-8,116

IBK-KT Young Enterpreneurs MARS Investment Fund	5,000	38.8	5,000	5,000	5,000	0	10,000	38.8	10,000	25,839	-107
kt netcore Co. Ltd	0	0	0	610,000	61,000	0	610,000	100	61,000	61,213	134
kt p&m	0	0	0	400,000	10,000	0	400,000	100	10,000	10,029	-67

※ The financial status of the recent business year is as of December 31, 2024.

(*1) The equity ratio is calculated by excluding the treasury shares held by subsidiaries from the total number of shares.

(*2) The equity in CU Construction has been fully impaired since the first half of 2011 due to doubts about the going concern assumption, and the total assets and net profit amounts for the last five years cannot be confirmed