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South Korea's former telecom monopoly, providing fixed-line, mobile and broadband services nationwide.
South Korea's former telecom monopoly, providing fixed-line, mobile and broadband services nationwide.
Collects monthly subscription fees from mobile, broadband and TV customers, so cash flow is steady and tied to competition with SK Telecom and LG Uplus. Privatised in 2002, it has no controlling shareholder, which has made leadership changes a recurring governance topic. Group businesses include BC Card, a payment processor, plus cloud and real estate.
In one line: Korea's AT&T.
Moat: narrow (regulatory licence, installed base, scale). Incumbent nationwide network infrastructure is costly for rivals to replicate.
Headquarters: Seongnam, South Korea · Founded: 1981 · Employees: 14,701
Size KT (030200.KS) is a South Korea Communication Services company (Major Telecommunications) with a market value of $9.46B, the 49th largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩53,300 on 6 Nov 2026.
Performance Over six months the shares fell 11.5%, against -8.8% for the median peer and -24.5% for the South Korea market (cap-weighted) — 10th lowest of 21 in its peer set.
Growth Revenue grew 8.9% over the last twelve months (peer median +1.0%); the operating margin is 6.8% (peer median 9.3%).
Valuation It trades at 9.0× forward earnings against a peer median of 16.1× (2nd cheapest of 17).
Price implies For today's price to make sense, revenue must grow about -4% a year for seven years (Req g). Recent delivered growth is +3%, so the hurdle is -8 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.4 points below its cost of capital (5.0% WACC).
Backlog Backlog (remaining performance obligations) was ₩200B at 31 Dec 2024, down 7% on a year earlier — 0.0 years of trailing revenue. Backlog detail →
Credit KT has 2 bonds outstanding ($1.00B), rated A- by the agencies and trading like BBB+ at a weighted spread of 58 bp.
Next results Next results expected around 10 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₩27.4T | ₩28.2T | ₩26.4T | ₩23.9T | ₩23.3T |
| Revenue growth | — | +7% | +10% | +3% | — |
| Gross profit | ₩9.20T | ₩9.81T | ₩7.73T | ₩6.00T | ₩5.39T |
| EBITDA | ₩5.71T | ₩6.33T | ₩4.66T | ₩5.28T | ₩5.18T |
| Net income | ₩1.29T | ₩1.73T | ₩469B | ₩993B | ₩1.26T |
| Free cash flow | ₩1.68T | ₩1.34T | ₩2.14T | ₩1.81T | ₩155B |
| Capital expenditure | ₩3.34T | ₩4.04T | ₩3.36T | ₩4.17T | ₩3.99T |
| Total debt | ₩12.6T | ₩12.2T | ₩11.6T | ₩11.4T | ₩11.2T |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| KT 030200.KS | $9.46B | -12% | +9% | 7% | 9.0× | -4.1% |
| SKTelecom 017670.KS | $12.1B | -18% | +2% | 10% | 12.3× | -9.8% |
| LG Uplus 032640.KS | $5.17B | +6% | 0% | 7% | 9.8× | -17.5% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 030200.KS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +3.9% | +3.9% | 11th highest of 21 |
| 6-month return | -11.5% | -8.8% | 10th lowest of 21 |
| Distance from 52-week high | -21.7% | -19.2% | 8th lowest of 21 |
| Revenue growth (TTM) | +8.9% | +1.0% | 4th highest of 21 |
| Operating margin | 6.8% | 9.3% | 7th lowest of 21 |
| Forward P/E | 9.0× | 16.1× | 2nd cheapest of 17 |
| Growth the price implies (Req g, 7 yrs) | -4.1% | 0.4% | 5th least demanding of 18 |
| Growth delivered (Del g) | +3.4% | +2.4% | 7th highest of 18 |
| Hurdle (Req g minus delivered) | -7.5 pp | -4.3 pp | 5th least demanding of 18 |
| ROIC minus cost of capital | -0.4 pp | +0.4 pp | 10th lowest of 21 |
| EV / EBITDA | 3.9× | 8.6× | 3rd cheapest of 18 |
| Net debt / EBITDA | 1.3× | 2.8× | 4th least indebted of 18 |
| Bond spread | 58 bp | 92 bp | tightest of 5 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| KT 030200.KS | South Korea | $9.46B | -12% | +9% | 7% | 9.0× | -4.1% | +3.4% |
| Tele2 TEL2-A.ST | Sweden | $11.2B | -14% | +2% | 24% | 10.7× | -2.4% | +2.4% |
| HKT Trust and HKT 6823.HK | Hong Kong | $11.9B | -2% | +7% | 22% | 16.8× | -3.1% | +2.4% |
| Quebecor QBR-B.TO | Canada | $12.3B | +36% | +3% | 27% | 16.8× | 0.4% | +5.6% |
| United Internet UTDI.DE | Germany | $5.17B | -9% | -8% | 9% | 15.5× | 1.4% | +2.7% |
| LG Uplus 032640.KS | South Korea | $5.17B | +6% | 0% | 7% | 9.8× | -17.5% | +2.9% |
| Tata Communications TATACOMM.NS | India | $5.15B | +7% | +9% | 8% | 30.9× | 34.1% | +7.7% |
| PCCW 0008.HK | Hong Kong | $5.04B | -17% | +7% | 13% | 46.4× | 1.2% | +2.3% |
| Telecom Argentina SA Sponsored ADR TEO | United States | $4.87B | -16% | +33% | 9% | 12.8× | 4.1% | +8.4% |
| Royal KPN KPN.AS | Netherlands | $18.6B | -4% | +2% | 24% | 18.2× | -2.5% | +1.9% |
| Telenor TEL.OL | Norway | $19.8B | -14% | -7% | 24% | 13.5× | -7.7% | -8.0% |
| BCE BCE.TO | Canada | $20.3B | -9% | +2% | 22% | 12.3× | -0.9% | +1.3% |
| China United Network Communications 600050.SS | China | $20.4B | -1% | 0% | 2% | 17.9× | -14.9% | +5.2% |
| China Unicom 0762.HK | Hong Kong | $21.3B | -26% | +4% | 2% | 8.2× | -8.3% | +4.5% |
| Lumen Technologies LUMN | United States | $4.12B | -59% | -8% | -3% | n/a | 5.1% | -9.7% |
| Internet Initiative Japan 3774.T | Japan | $4.05B | +30% | +14% | 9% | 25.3× | 2.3% | +10.2% |
| Liberty Global LBTYA | United States | $3.28B | -19% | -27% | -1% | n/a | n/a | n/a |
| BT Group plc BT.A.L | United Kingdom | $28.8B | -8% | -4% | 17% | 12.2× | 4.3% | -1.7% |
| NetLink NBN Trust CJLU.SI | Singapore | $2.87B | -7% | 0% | 22% | 44.5× | 16.0% | +2.3% |
| ITI ITI.NS | India | $2.53B | -18% | -41% | -1% | n/a | n/a | n/a |
| Eutelsat Communications ETL.PA | France | $2.40B | -40% | -1% | -6% | n/a | n/a | n/a |
KT has 2 bonds outstanding with $1.00B face value. The agencies rate it A-; its bonds trade like BBB+. Weighted yield 5.03%, a spread of 58 bp over government bonds.
KT reported ₩200B of remaining performance obligations at 31 Dec 2024, down 7% from a year earlier. That is 0.0 years of trailing revenue already under contract.