6-K 1 d6k.htm FORM 6-K

Form 6-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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 January 2008

Commission File Number 1-14926

KT Corporation

(Translation of registrant’s name into English)

206 Jungja-dong

Bundang-gu, Sungnam

Kyunggi-do

463-711

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      ü            Form 40-F              

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):             

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):             

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes                      No      ü    

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-            

1. Changes in Revenues or Income of a Large Business Concern by More than 15%

(Unit: KRW thousand, except percentages)

Income Statement Data		For the Years Ended December 31,				Changes		Change in Percentage (%)
		2007		2006
Revenues		11,939,931,938		11,856,008,683		83,923,254		0.7
Operating Income		1,401,671,588		1,756,228,324		-354,556,737		-20.2
Ordinary Income		1,258,839,797		1,600,912,207		-342,072,410		-21.4
Net Income		967,553,960		1,233,448,802		-265,914,842		-21.6
		As of December 31,
Balance Sheet Data		2007				2006
Total Assets		17,941,270,984				17,962,332,577
Total Liabilities		9,048,870,251				9,413,252,632
Total Stockholders’ Equity		8,892,400,733				8,549,079,945
Capital Stock		1,560,998,295				1,560,998,295
Total Stockholders’ Equity/Capital Stock (%)		569.7				547.7

Reasons for the change in revenue or income:

- Increase in expenditures related to new growth businesses

Date of board resolution: January 17, 2008

- Attendance of outside directors:

Present: Seven

Absent: None

* Financial results for fiscal year 2006 were adjusted in accordance with changes in generally accepted accounting principles in Korea(KGAAP).

* Above figures are preliminary and are subject to change pending the completion of the audit by the independent auditors, as well as the result of the annual general meeting of the shareholders.

2. Dividends

Dividend type		Regular (year-end) dividend
Dividends declared per share		KRW 2,000
Dividend yield ratio		3.8
Total dividends declared (KRW)		407,373,646,000
Record date		December 31, 2007
Dividend payment date		—
Scheduled date of the annual general meeting of the shareholders		—
Date of the board resolution		January 17, 2007
Attendance of outside directors		Present: Seven Absent: None

The date of the annual general meeting of the shareholders is expected to be scheduled at a later date.

The dividend payment date is expected to be within one month from the date of the annual general meeting of the shareholders.

Above material is subject to change pending completion of the audit by the independent auditors, as well as approval by the annual general meeting of the shareholders.

Forward-Looking Statement Disclaimer

The material above contains forward-looking statements. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. These statements are based on current plans, estimates and projections, and therefore you should not place undue reliance on them. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results or performance to be materially different from any future results or performance expressed or implied by such forward-looking statements. We do not make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein, and nothing contained herein is, or shall be relied upon as, a promise or representation, whether as to the past or the future. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events. Additional information concerning these and other risk factors are contained in our latest annual report on Form 20-F and in our other filings with the U.S. Securities and Exchange Commission.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Dated: January 18, 2008
KT Corporation
By:		/s/ Thomas Bum Joon Kim
Name:		Thomas Bum Joon Kim
Title:		Managing Director
By:		/s/ Youngwoo Kim
Name:		Youngwoo Kim
Title:		Director