KT Picks New Chief After Months of Leadership Vacuum | Be Korea-savvy

KT Picks New Chief After Months of Leadership Vacuum


This undated file photo provided by LG CNS Co. shows KT Corp. CEO  nominee Kim Young-shub.

This undated file photo provided by LG CNS Co. shows KT Corp. CEO nominee Kim Young-shub.

SEOUL, Aug. 5 (Korea Bizwire)KT Corp., a major telecom operator in South Korea, said Friday it has nominated a new chief executive after months of leadership vacuum.

The telecom giant’s board of directors nominated Kim Young-shub, former CEO of IT service provider LG CNS Co., as its new leader, KT said in a statement.

His appointment will be finalized at a shareholders meeting slated for later this month, it added.

If approved, Kim will head the company, whose leadership has remained vacant since March, when its former CEO Ku Hyeon-mo stepped down from the top job after failing to win shareholders’ approval for his second term.

Since then, KT has suffered an unprecedented leadership vacuum for months as the state-run National Pension Service, the largest shareholder in KT, refused to endorse subsequent CEO nominees and directors.

(Yonhap)

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