Investors interested in Wireless Non-US stocks are likely familiar with KT Corp. (KT) and TeliaSonera AB (TLSNY) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revision ...

When it comes to short-term investing or trading, they say "the trend is your friend." And there's no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done.The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the st ...

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Table of Contents As filed with the Securities and Exchange Commission on April 29, 2025 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPA ...

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 90, Buljeong-ro, Bundang-gu, Seongnam-si, Gyeonggi-do, Korea (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F ☒ Form 40-F ☐ SIGNATURES Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of March 2025 Commission File Number 1-14926 KT Corporation (Translat ...

Core Viewpoint - The article emphasizes the importance of confirming the sustainability of stock trends for profitable short-term investing, highlighting the need for sound fundamentals and positive earnings estimates to maintain momentum. Group 1: Stock Performance - KT Corp has shown a solid price increase of 12.2% over the past 12 weeks, indicating investor confidence in its potential upside [4] - The stock has also increased by 2.1% over the last four weeks, suggesting that the upward trend is still intact [5] - KT is currently trading at 85.8% of its 52-week high-low range, indicating a potential breakout [5] Group 2: Fundamental Strength - KT Corp holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [6] - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [7] Group 3: Investment Strategy - The "Recent Price Strength" screen is a useful tool for identifying stocks like KT that are on an uptrend supported by strong fundamentals [3] - There are additional stocks that meet the criteria of the "Recent Price Strength" screen, providing further investment opportunities [8]

Industry Overview - The Zacks Wireless Non-US industry is facing high capital expenditures for infrastructure upgrades, margin erosion, supply-chain disruptions, and volatility in raw material prices due to geopolitical conflicts and high customer inventory levels. However, there is healthy demand driven by the increasing need for connectivity in the digital age, which is expected to benefit the industry in the long run [1][4]. Key Trends - There is a waning demand for legacy services, leading to increased infrastructure spending that compromises short-term margins. Companies are diversifying from legacy telecom services to business and enterprise opportunities, investing significantly in network upgrades and new technologies [4][5]. - Network convergence is driving traditional carriers and cloud service providers to invest heavily in advanced networking architecture to meet the growing demand for coverage, speed, and quality in mobile broadband and home Internet solutions [5][6]. Market Performance - The Zacks Wireless Non-US industry has underperformed compared to the broader Zacks Computer and Technology sector and the S&P 500, with a loss of 9.9% over the past year, while the S&P 500 and sector rose by 17.1% and 15.1%, respectively [9]. Valuation Metrics - The industry currently has a trailing 12-month Price/Book (P/B) ratio of 0.81X, significantly lower than the S&P 500's 7.82X and the sector's 10.03X. Over the past five years, the industry has traded between a high of 3.66X and a low of 0.32X, with a median of 0.8X [11]. Company Highlights - **KT Corporation**: The largest integrated telecom and digital platform service provider in South Korea, focusing on high-speed wireless networks and digital transformation services. The stock has gained 19.2% in the past year and has a long-term earnings growth expectation of 17.6% [14]. - **Turkcell**: A leading digital services provider in Turkey, with over $27 billion invested in transforming Turkey into a global data hub. The company has a VGM Score of A and is focused on sustainable growth [16]. - **PLDT**: The leading telecommunications provider in the Philippines, with a strategic partnership to develop online and mobile payment solutions. The company has a long-term earnings growth expectation of 7.5% [18].

Core Viewpoint - KT Corp. is currently viewed as a more attractive investment compared to TeliaSonera AB based on various valuation metrics and analyst outlooks [1][3][6]. Valuation Metrics - KT Corp. has a forward P/E ratio of 6.31, significantly lower than TeliaSonera AB's forward P/E of 18.23 [5]. - The PEG ratio for KT is 0.36, indicating a favorable valuation relative to its expected earnings growth, while TeliaSonera's PEG ratio is 3.12 [5]. - KT's P/B ratio stands at 0.66, compared to TeliaSonera's P/B of 2.23, suggesting that KT is undervalued relative to its book value [6]. Analyst Ratings - KT Corp. holds a Zacks Rank of 1 (Strong Buy), indicating a positive earnings estimate revision trend, while TeliaSonera AB has a Zacks Rank of 3 (Hold) [3][6]. - The Value grade for KT is A, reflecting its strong valuation metrics, whereas TeliaSonera has a Value grade of C [6].

Financial Data and Key Metrics Changes - Consolidated revenue for FY 2024 reached KRW 26,431.2 billion, marking a historical record since the company went public in 1998, with a year-on-year increase of 0.2% [7][14] - Operating profit fell 50.9% year-on-year to KRW 809.5 billion, but adjusted for one-off impacts, it increased 9.8% year-on-year to KRW 1,811.8 billion [8][14] - Net profit decreased by 54.5% year-on-year to KRW 450.1 billion, while EBITDA declined 14.2% year-on-year to KRW 4,687.2 billion [14] - Operating expenses rose 3.6% year-on-year to KRW 25,621.7 billion due to increased one-off labor costs and higher depreciation [15] Business Line Data and Key Metrics Changes - Wireless revenue increased by 1.3% year-on-year to KRW 6,959.9 billion, with 5G subscribers exceeding 10.4 million, accounting for 77.8% of the total handset subscriber base [16][17] - Internet revenue grew by 1.1% year-on-year to KRW 2,486.9 billion, driven by an increase in GiGA Internet subscribers [18] - Media business revenue saw a 1.2% year-on-year growth, attributed to IPTV subscriber expansion [18] - B2B services revenue increased by 2.9% year-on-year, supported by solid growth in enterprise Internet and data business [19] - AI/IT business revenue rose by 11.9% year-on-year, driven by AICC expansion and a project in Thailand [20] Market Data and Key Metrics Changes - The content subsidiary's revenue fell by 13.6% year-on-year due to a contracting market, although some projects showed potential for future growth [22] - KT Cloud revenue grew by 15.5% year-on-year, supported by increased data center usage and cloud-based CDN traffic [22] Company Strategy and Development Direction - The company aims to transition into an AICT company by 2025, focusing on structural profitability improvements and innovation in workforce and business structure [6][9] - A strategic partnership with Microsoft is expected to enhance product offerings, including AI models specialized for Korea and secure public cloud services [10][36] - The company has set a revenue target of above KRW 28 trillion for FY 2025 [9] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the impact of workforce innovation on operating profit and emphasized the importance of structural improvements for future profitability [8][30] - The company plans to maintain a minimum level of shareholder return while focusing on profit improvement and rationalization of underperforming businesses [31][51] Other Important Information - The company adopted a quarterly dividend policy, with a cumulative dividend of KRW 150 billion paid out up to Q3 2024, and an increase in annual DPS from KRW 1,961 in 2023 to KRW 2,001 in FY 2024 [12][13] - A share buyback and cancellation plan of KRW 1 trillion is set until 2028, with KRW 250 billion planned for this year [13][54] Q&A Session Summary Question: 2025 outlook for revenue, profit, and shareholder return - Management provided a revenue guidance of above KRW 28 trillion for 2025 and indicated that profit estimates would depend on structural improvements and revenue expansion from AICT initiatives [27][29] Question: Timing for recognizing profit from real estate development - Profit from the real estate development will start being recognized in Q1 and Q2 as residents move in starting March [28] Question: AX business strategy and Microsoft partnership - The AX strategy focuses on B2B customers, with plans to launch a Korea specialized secure public cloud and an AI model based on GPT-4 in 2024 [36][40] Question: Future CapEx levels and investments in 5G/6G - CapEx is expected to maintain 2024 levels, with no significant investments in 6G anticipated until 2028 or 2029 [48][49] Question: Shareholder return plans and share buyback - The company plans to maintain a minimum level of shareholder return and confirmed the KRW 250 billion share buyback, with the possibility of similar amounts in subsequent years depending on profit growth [53][54] Question: Cost savings from workforce reduction - The company reported a reduction of 4,400 employees, with 2,700 leaving and 1,700 transferring to a subsidiary, impacting labor costs positively [59][60] Question: Logic behind using subsidiary dividends for shareholder return - Dividends from subsidiaries qualify as resources for shareholder payouts, smoothing out profit fluctuations [62]

Core Viewpoint - KT is identified as a strong value stock with a Zacks Rank of 1 (Strong Buy) and an A for Value, indicating it is likely undervalued in the current market [4][9]. Valuation Metrics - KT has a P/E ratio of 6.45, significantly lower than the industry average of 8.39, with a historical range between 6.05 and 18.18 over the past year [4]. - The PEG ratio for KT stands at 0.36, compared to the industry average of 0.57, indicating strong expected EPS growth relative to its valuation [5]. - KT's P/B ratio is 0.68, which is attractive against the industry average of 0.80, with a historical range from 0.42 to 0.70 [6]. - The P/S ratio for KT is 0.47, significantly lower than the industry average of 1.32, suggesting strong sales performance relative to its price [7]. - KT has a P/CF ratio of 2.21, which is favorable compared to the industry average of 4, indicating strong operating cash flow [8]. Investment Outlook - The combination of KT's favorable valuation metrics and strong earnings outlook positions it as an impressive value stock in the current market [9].