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KT President and CEO Kim Young-sub (center) bows in apology at KT’s Gwanghwamun West office in Jongno District, Seoul, on November 11, following reports of small-payment fraud affecting customers. |
[Alpha Biz= Kim Jisun] SEOUL, November 4 (local time) — KT Corp. (KRX: 030200) announced that its Chief Executive Officer Kim Young-sub has decided not to seek a second term, prompting the company’s board of directors to initiate an open search for his successor.
As the information and communications technology (ICT) industry undergoes rapid transformation driven by artificial intelligence (AI) and AI-powered digital transition (AX), KT said it aims to identify a next-generation leader capable of advancing both public interest and corporate innovation.
The board and CEO Candidate Recommendation Committee convened on Monday to discuss the succession process and decided to begin public recruitment for the new CEO starting November 5, with plans to finalize the appointment by the end of the year.
Under KT’s corporate bylaws, the company must finalize its candidate pool at least three months prior to the expiration of the current CEO’s term.
This marks the first open recruitment since Kim’s appointment in August 2023, approximately two years and three months ago. Kim’s current term runs until the annual shareholders’ meeting in March 2026, roughly four months from now.
During the board meeting, Kim formally declined to participate in the upcoming CEO selection process but expressed his commitment to serve out his term until the shareholders’ meeting.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
