Abstract
This article examines the relation between the privatization of state-owned enterprises and the changes in their financial and operating performance through the case study of Korea Telecom (KT), which is the biggest telecommunications (telecom) company in Korea. The Korean government completed the privatization of KT in May 2002, arguing that it would help KT to improve its financial and operating performance, as well as contribute to the development of the telecom industry. This article presents the changes in KT's revenues, assets, net income margins, return on assets, real sales per employee, investments, and dividends to evaluate its financial and operating performance, as well as the impact of the privatization of KT on the Korean telecom industry over the pre- and post-privatization windows.
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