6-K 1 d891969d6k.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 March 2015

Commission File Number 1-14926

 

 

KT Corporation

(Translation of registrant’s name into English)

 

 

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  x    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  x

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

 

 

 

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: March 12, 2015
KT Corporation
By:

/s/ Youngwoo Kim

Name: Youngwoo Kim
Title: Vice President
By:

/s/ Jungsup Jung

Name: Jungsup Jung
Title: Director

Disposal of Equity Investment in an Affiliated Company

 

1. Issuing Company Name of the Company KT Rental Corporation
  Nationality of the Company Republic of Korea  President of the Company  Hyun Myung Pyo
  Paid-in capital (KRW)   49,128,500,000  Relation with KT  Subsidiary
    Number of issued Shares   9,825,700  Main business  Total Rental Business
2. Details of Disposal Number of Disposed Shares   5,698,768 shares
  Disposal Amount (KRW)   772,097,234,070
  Total Equity (KRW)   12,864,910,436,048
  Disposal to Total Equity   6.0%
    Large Corporation Applicable
3. Number of Shares after Disposal Number of Shares —  
    Ownership (%) —  
4. Purpose of Disposal To enhance the competitiveness of telecommunications business and improve financial structure
5. Expected Disposal Date 2015-05-31
6. Date of Board Resolution 2015-03-11
  - Attendance of Outside Directors Present 8
    Absent —  
  - Attendance of Audit Committee Members Present
7. Report requirement to the Korean Fair Trade Commission Not Applicable
8. Options inclusion such as put-option Not Applicable
  - Detail of Contract —  
9. Others a. Disposal amount is based on Expected Disposal Date.
  - Subject to change if Expected Disposal Date changes
  b. Total Equity is based on FY2013 Consolidated Financial Statements.
  c. Expected Disposal Date is subject to change according to the scheduled process.
  d. Total disposal amount is KRW 1.02 trillion, based on 100% stake in KT Rental.
      Related Filing 2015-02-23 Form 6-K