Koo Hyun-mo gave up his second term as CEO of KT… Announcement of candidate resignation to the board of directors - Invest Chosun

KT CEO Koo Hyun-mo gave up his second term.

According to KT, CEO Koo announced his intention to resign as the next CEO at the board of directors meeting on the 23rd. CEO Koo will complete his term until the shareholders’ meeting in March and step down as CEO in about three years after taking office in March 2020.

Previously, CEO Koo expressed his intention to continue his term and was finally selected as the next representative director candidate by the board of directors, but faced de facto opposition from the National Pension Service, the largest shareholder. In response, KT decided to hold a primary after receiving support for a representative director candidate, and is currently under review.

A total of 34 candidates applied for the primary, including 16 internal candidates and 18 external candidates. The board of directors plans to announce the list of eligible candidates (short list) on the 28th and select the final candidates early next month.