SEOUL, Aug. 4 (Yonhap) — KT Corp., one of South Korea’s main telecom providers, announced Friday it has chosen a new chief executive after a period of no leadership.
The telecom giant’s board of directors selected 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 later this month, it added.
If approved, Kim will take the helm of the company, whose leadership has been 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 experienced an unprecedented leadership void for months as the state-run National Pension Service, the largest shareholder in KT, refused to endorse subsequent CEO nominees and directors.