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    Hong-sik Kim • Hana Securities

    Hong-sik Kim's questions to KT Corp (KT) leadership

    Hong-sik Kim's questions to KT Corp (KT) leadership • Q4 2024

    Question

    Hong-sik Kim of Hana Securities requested quantification of the cost savings from the recent workforce reorganization. He also asked for the logic behind using potentially volatile dividend income from subsidiaries to fund the parent company's shareholder returns.

    Answer

    CFO Min Jang provided a basis for calculating cost savings, explaining that of 4,400 departures, 2,700 were full retirements and 1,700 transferred to a subsidiary at 70% of their prior wage. Regarding dividend logic, he confirmed that dividend income from subsidiaries is part of the parent's net profit and thus available for shareholder payouts. He added that the company uses an 'adjusted net profit' figure, which smooths volatility by excluding non-cash items, to determine the dividend resource pool.

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    Hong-sik Kim's questions to SK Telecom Co Ltd (SKM) leadership

    Hong-sik Kim's questions to SK Telecom Co Ltd (SKM) leadership • Q4 2024

    Question

    Hong-sik Kim of Hana Securities asked for management's view on the company's stock price trend, particularly relative to a competitor, and addressed investor concerns about the long-term dividend outlook. He also questioned how SK Telecom plans to generate tangible profit from AI and if there are plans to bundle AI services with MNO price plans.

    Answer

    CFO Yang-Seob Kim emphasized that market valuation reflects future growth potential, not just dividends, and that 2025 will be a key year to demonstrate tangible AI results. An executive from the Marketing Strategy Team stated there are no specific plans yet to bundle 'A.' with MNO plans, but it will be considered as the AI service's monetization strategy, such as a paid service, becomes more concrete.

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