Defendant Name:
KT Corporation
Defendant Type:
Public Company
SIC Code:
4813
CUSIP:
48268K10
Document Reference:
34-94279
Document Details
Legal Case Name
In the Matter of KT Corporation
Document Name
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
Document Date
17-Feb-2022
Document Format
Administrative Proceeding
Allegation Type
Foreign Corrupt Practices Act
Document Summary
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."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Other Compliance Related Undertaking
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Disgorgement
Individual:
$2,263,821.00
Shared:
Civil Penalty
Individual:
$3,500,000.00
Shared:
Pre-Judgment Interest
Individual:
$536,457.00
Shared:
