KT Corporation

KT Corporation is a telecommunications company in South Korea. It is the largest broadband provider in Korea, with about 10.3 million subscribers at September 30, 2026, and it had 28.9% of mobile phone subscribers on its own network at December 31, 2025. It also sells fixed-line telephone, IPTV, cloud, AI data center and enterprise IT services, and its subsidiaries include businesses in card payments, media and real estate.

Consolidated revenue was KRW 6,997.5 billion in Q3 2026. The government limits foreign ownership of KT to 49% of its voting shares. One ADS represents one-half of one common share.

The market prices KT as a slow-growth Korean telecom company with low returns on equity. A security incident with illegal femtocells, which the government confirmed in December 2025, led KT to waive early termination fees, and more than 233,000 subscribers left. A customer appreciation program from February to July 2026 then lowered wireless revenue. In Q3 2026, wireless service revenue was still 3.9% lower than a year earlier, and the consolidated operating margin fell to 7.2% from 7.6%.

KT also plans large spending: KRW 4 trillion on cybersecurity and IT and KRW 8 trillion on network over three years, and KRW 6 trillion on AI data centers and submarine cables over five years. For the gap to close, three things must be true. Wireless service revenue must grow again in 2027, after the end of the appreciation program; mobile subscribers and ARPU rose in August and September 2026. The consolidated operating margin must rise toward the value-up target of 9% or more by 2028, with a consolidated ROE of 9% to 10%.

KT must deliver the planned returns: 50% of adjusted standalone net income each year from 2026 to 2028, plus KRW 750 billion of buybacks and cancellations, and sales of non-core assets. The full-year 2026 results, expected in February 2027, give the next test. If these checks pass, the gap can close slowly through 2028. The main reasons it may not close are new security costs or fines and investments that earn low returns.

1. Nov 10, 2026Failed

   Q3 2026 results: wireless recoveryWireless service revenue that stops falling after the end of the appreciation program and a higher operating margin than in Q3 2025 pass; another fall in wireless revenue or new security costs fail.Outcome: Wireless service revenue fell 3.9% from a year earlier and 0.5% from Q2 2026, and the consolidated operating margin fell to 7.2% from 7.6%.
2. Feb 10, 2027 · est.Pending

   Full-year 2026 results: wireless recoveryWireless service revenue that grows again from Q3 2026 and a 2026 dividend of at least KRW 2,400 per share pass; another fall in wireless revenue or new security costs fail.
3. 2028 · est.Pending

   2028 value-up targetsA consolidated ROE of 9% to 10% and an operating profit margin of 9% or more in 2028 pass; lower figures fail.

Every passed and failed checkpoint across all picks

• November 10, 2026KT reported Q3 2026 results. Consolidated revenue fell 1.8% to KRW 6,997.5 billion, and operating profit fell 6.1% to KRW 505.3 billion, because a real estate project lifted Q3 2025 and wireless revenue was lower. Wireless service revenue fell 3.9% because of the customer appreciation program and subscriber losses during the fee waiver. Net income fell 17.5% to KRW 367.3 billion. AX revenue of KT and kt cloud rose 9.8% to KRW 393.3 billion. KT said that its dividend for 2026 will be at least KRW 2,400 per share.
• November 4, 2026KT said that it will release its Q3 2026 results and hold its earnings call on November 10, 2026.
• October 23, 2026KT reported that the Government of Rwanda and three related parties filed a counterclaim of about KRW 512.4 billion against KT in an arbitration at the Permanent Court of Arbitration. KT started the arbitration to collect a put option price of about $152 million under a shareholders' agreement. KT said that it will dispute the counterclaim.

Last earnings

November 10, 2026

Next earnings

Expected about February 10, 2027. The company has not confirmed the date.

• 20-FAnnual report for the period ended Dec 31, 2025Filed April 29, 2026 · kt-20251231
• 20-FAnnual report for the period ended Dec 31, 2024Filed April 29, 2025 · Read it on sec.gov

Every filing on SEC EDGAR (CIK 892450)

• The Personal Information Protection Commission is still investigating the femtocell incident, and the Ministry of Science and ICT said that it may impose fines. KT cannot yet estimate these costs. Another incident can cause more subscriber losses.
• KT plans large investments in security, network, AI data centers and submarine cables. If AI data center demand is weaker than planned, these projects can earn low returns and limit shareholder returns.
• The Korean mobile market is mature and regulated. Wireless service revenue fell 3.9% in Q3 2026 from a year earlier, and mobile churn rose to 1.7% in Q1 2026 during the fee waiver.
• The Government of Rwanda and related parties claim about KRW 512.4 billion from KT in an arbitration, about 2.63% of KT's equity.
• KT earns in Korean won, and the ADS trades in US dollars. A weaker won lowers the dollar value of earnings and dividends.

KT funds itself with bonds and bank loans, mostly in Korean won. At September 30, 2026, consolidated borrowings were KRW 11,099.8 billion: short-term borrowings of KRW 3,797.5 billion and long-term borrowings of KRW 7,302.3 billion. Read more

The dividend data after July 30, 2025 is missing.

Latest ex-dividend date

July 30, 2025, $0.216 per share

Dividends per share by year

Source: company filings and market data, read on November 13, 2026. The ex-dividend date is the first day a buyer no longer gets the next payment.