KT layoffs, on the record

Headcount, as reported

Job cuts, severance and restructuring

1. Our summaryThe filing says that in the past the labor union opposed the company's strategy of restructuring to improve efficiency and profitability by disposing of non-core businesses and reducing its employee base. in the past

   Word for word“However, in the past, we have experienced opposition from our labor union for our strategy of restructuring to improve our efficiency and profitability by disposing of non-core businesses and reducing our employee base.” 20-F for 2023

2. Our summaryThe filing describes termination benefits, including severance for voluntary and special early retirements, as a component of salaries and wages expense.

   Word for word“salaries and wages, including post-employment benefits, termination benefits (including severance benefits for voluntary and special early retirements) and share-based payments;” 20-F for 2023

3. Our summaryThe filing reports severance pay paid to former executives who left the company in 2023, shown in the compensation table.

   Word for word“Hyeon-Mo Ku Former Chief Executive Officer ￦ 3,073 ￦ 335 (salary); ￦ 778 (bonus); ￦ 25 (benefits); ￦ 1,935 (severance pay) Kook-Hyun Kang Former President ￦ 2,571 ￦ 364 (salary); ￦ 579 (bonus); ￦ 62 (benefits); ￦ 1,566 (severance pay) Jong-Ook Park Former President ￦ 2,134 ￦ 381 (salary); ￦ 578 (bonus); ￦ 61 (benefits); ￦ 1,113 (severance pay) Byung-Sam Park Former Senior Executive Vice President ￦ 1,726 ￦ 347 (salary); ￦ 471 (bonus); ￦ 59 (benefits); ￦ 849 (severance pay) Hyun-Yok Sheen Former Senior Executive Vice President ￦ 1,701 ￦ 327 (salary); ￦ 398 (bonus); ￦ 68 (benefits); ￦ 908 (severance pay) Chang-Seok Seo Inside Director ￦ 864 ￦ 342 (salary); ￦ 466 (bonus); ￦ 56 (benefits) Kyoung-Lim Yun Former Inside Director ￦ 812 ￦ 111 (salary); ￦ 511 (bonus); W12 (benefits); ￦ 178 (severance pay) The chairperson of our board of directors enters into an employment agreement on our behalf with our Representative Director.” 20-F for 2023

4. Our summaryThe filing describes a pension system where the company replaced its lump-sum severance payment system with a defined benefit plan starting in April 2011, leaving an unfunded portion. Starting in April 2011

   Word for word“Starting in April 2011, in accordance with the Korean Employee Retirement Income Security Act, we replaced such lump-sum severance payment system with our current pension insurance system in the form of a defined benefit plan, and also introduced a defined contribution plan in December 2012, with a total combined unfunded portion of approximately ￦ 149 billion as of December 31, 2023.” 20-F for 2023

5. Our summaryKT ran a special voluntary retirement program in late 2024 to optimize its workforce. Some employees retired early and others moved to a new KT subsidiary with additional benefits. fourth quarter of 2024 · Affected: approximately 2,700 employees elected to retire early and approximately 1,700 employees chose to transfer to a newly established KT subsidiary · Cost: ₩956 billion

   Word for word“Employee benefit costs, which include salaries and wages, post-employment benefits and termination benefits, increased by 23.5%, or ￦1,071 billion, from ￦4,557 billion in 2023 to ￦5,628 billion in 2024 primarily due to ￦956 billion of benefits paid under our special voluntary retirement program implemented in the fourth quarter of 2024 to optimize our workforce, pursuant to which approximately 2,700 employees elected to retire early and approximately 1,700 employees chose to transfer to a newly established KT subsidiary, for which they were paid additional benefits for making this transition.” 20-F for 2025

KT has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.

Read from KT’s annual reports (20-F for 2025, 20-F for 2024, 20-F for 2023) and the financial data it files with the SEC, as of 2026-04-29. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.