Rwanda Seeks US$386M Counterclaim Against KT in PCA Arbitration

summarizeSummary

Rwanda and related entities have filed a US$386 million counterclaim against KT in PCA arbitration over a shareholders' agreement, equal to 2.63% of KT's equity. KT disputes the calculation and will defend the case.

check_boxKey Events · Legal and Risk Events · KT

• Rwanda Files US$386M Counterclaim

  The Government of Rwanda, Rwanda Development Board, Rwanda Social Security Board and AGDF Corporate Trust filed a counterclaim in PCA arbitration alleging KT breached the shareholders' agreement and seeking approximately USD 386 million (KRW 512,415,000,000).

• Claim Equals 2.63% of Equity

  The claimed amount is 2.63% of KT's equity of KRW 19,458,023,083,673, based on consolidated financial statements as of December 31, 2025.

• KT's Original Claim Was US$152M

  KT initiated the arbitration seeking a put option price of approximately USD 152 million; the counterclaim is more than double that amount.

• KT Rejects Counterclaim Basis

  KT says the amount was calculated on the Counterclaimants' unilateral assumptions and plans to vigorously dispute the validity of the basis and defend its position.

auto_awesomeAnalysis · KT · Technology

A US$386 million counterclaim (KRW 512.4 billion) now hangs over KT in a Permanent Court of Arbitration proceeding brought by Rwanda and related entities—equal to about 2.63% of KT's KRW 19.46 trillion equity. KT had initiated the arbitration to collect a ~US$152 million put option price, so the counterclaim is more than double its own claim. KT calls the calculation unilateral and says it will dispute it, making this a contingent liability rather than a booked loss. The size is meaningful but not existential for a company of KT's scale, and the case will take time to resolve.