Defendant Name: KT Corporation

Defendant Type: Public Company
SIC Code: 4813
CUSIP: 48268K10

Initial Case Details

Legal Case Name In the Matter of KT Corporation
First Document Date 17-Feb-2022
Initial Filing Format Administrative Action
File Number 3-20780
Allegation Type Foreign Corrupt Practices Act

Violations Alleged

Exchange Act
• Sec 13(b)(2)(A)
• Sec 13(b)(2)(B)

Resolutions

First Resolution Date 17-Feb-2022
Headline Total Penalty and Disgorgement $6,300,000

Related Documents:

34-94279 17-Feb-2022 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
On February 17, 2022, the SEC instituted cease-and-desist proceedings against KT Corporation stating: "This matter arises out of KT Corporation’s (“KT”) violations of the books and records and internal accounting controls provisions of the Foreign Corrupt Practices Act of 1977 (the “FCPA”) [15 U.S.C. 78dd] in the Republic of Korea and Vietnam."
2022-30 17-Feb-2022 Press Release--Administrative Proceeding
Largest South Korean Telecommunications Co. Agrees to Pay the SEC to Settle FCPA Charges
The SEC "announced that Seoul-based KT Corporation (KT Corp.) will pay $6.3 million to resolve charges that it violated the Foreign Corrupt Practices Act(FCPA) by providing improper payments for the benefit of government officials in Korea and Vietnam."