delivery time2023-03-05 15:34
與 After mentioning the “interest cartel” and the presidential office’s “moral hazard”, focus attention on KT’s inner circumstances
In a turbulent atmosphere, some rumors about the postponement of the announcement date of the final candidates came out.
[KT 제공. 재판매 및 DB 금지]
(Seoul = Yonhap News) Reporter Lim Eun-jin =
KT[030200] Appointment of the next CEO
As the passport openly raises a problem, saying that it is “a league of their own” over the results of condensing the candidates for the election, the possibility of disruption to the remaining appointment schedule is being raised.
This is because the passport did not simply take issue with the fact that all four candidates were ‘KT men’, but also raised various suspicions of corruption against CEO Koo Hyun-mo and some candidates, and even urged a formal investigation.
It has become difficult to predict how far the repercussions of this situation will reach, which has led to rumors of postponement of the shareholders’ meeting. The passport even uses the expression ‘one party’ towards CEO Koo and some candidates, claiming that high-ranking officials inside KT form a ‘interest cartel’ and are hindering the reform of KT, the national backbone network.
According to the industry and politicians on the 5th, KT is known to be discussing a plan to hold a regular shareholders’ meeting on the 31st while the forecast for the results of the shareholders’ meeting is still in the fog. Originally, KT tentatively decided to hold a regular shareholders’ meeting internally on the 29th, but it is said that it is considering a plan to postpone it to two days later.
If the shareholders’ meeting is postponed by a few days, there is also a cautious analysis that there is a possibility that the schedule to announce the final candidate for the CEO could be pushed back from the originally scheduled 7th.
In this regard, a KT official said, “Since we have never announced the date of the regular stockholders’ meeting, we cannot say whether it will be postponed or not.” KT is a competitor, SK Telecom.[017670]and LG U+[032640]Unlike the company, the regular shareholders’ meeting schedule has not yet been disclosed.
Currently, KT’s largest shareholder is the National Pension Service, with a stake of about 10%. It is followed by Hyundai Motor Group with about 8% and Shinhan Bank with about 5%. The rest is distributed among domestic institutions and individuals, and foreigners (44%).
The National Pension Service, the largest shareholder, has not taken a position since the announcement of the compressed list of candidates, but it is highly likely to vote against it as it has expressed dissatisfaction with KT’s representative candidate selection process.
Hyundai Motor Group exchanged 750 billion won worth of shares with KT last year and has been classified as a friendly stake.
Shinhan Bank, which entered into a partnership with KT for financial DX (digital transformation), is also known for a friendly stake, but the National Pension Service is also a major shareholder.
As a result, some believe that there is a possibility that Hyundai Motor Group and Shinhan Bank will not vote for or against the final candidate for CEO at the shareholders’ meeting.
On the list of four condensed candidates, Park Yoon-young, former head of KT’s corporate division (president), Lim Heon-moon, former KT mass general manager (president), KT Group Transformation division head Yoon Kyung-rim (president), and Shin Su-jeong, head of KT’s enterprise division (vice president), are listed. Among these, suspicions were raised over the real names of Yoon Kyung-lim and Shin Soo-jeong at a conference with members of the National Assembly’s Science, Technology, Broadcasting, Information and Communications Committee last week.
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2023/03/05 15:34 Sent
