BUSINESS

KT recognized for corporate governance

By Kim Young-won
  • Published : Jun 8, 2016 - 15:14
  • Updated : Jun 8, 2016 - 15:14
Network operator KT has been picked as the company most committed to improving corporate governance in Korea, according to a poll conducted by FinanceAsia, a financial magazine based in Hong Kong.

The Korean network firm scored 19 points in the “Most Committed to Corporate Governance” category of the poll, followed by KT&G with 17 points and KEPCO with 14 scores.

Head office of network operator KT (Yonhap)

The Hong Kong-based magazine carries out the poll annually with more than 100 fund managers and market analysts around the world to recognize Asia’s listed companies with the best management systems and corporate policies.

KT also came second in two other categories of the poll -- “Best Managed Companies” and “Best at Investor Relations.”

Tech giant Samsung Electronics and logistics firm CJ Korea Express took the top spot in the two sectors, respectively.

The fund managers and analysts evaluate companies’ competency in creating sustainable value for shareholders in the Best Managed Companies category, and their commitment to investor relations in the Best at Investor Relations segment.

KT’s chief financial officer Shin Kwang-seok was also picked as the best CFO in corporate Korea.

“KT expects its global value to improve further as it has been recognized by global investors for its transparent and stable management structure,” the CFO said in a press release.

By Kim Young-won (wone0102@heraldcorp.com)