6-K 1 d84028d6k.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 June 2015

Commission File Number 1-14926

KT Corporation

(Translation of registrant’s name into English)

KT Gwanghwamun Building East

33, Jongno 3-gil, Jongno-gu

110-130 Seoul, 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: June 30, 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 Capital Corporation
				Nationality of the Company		Republic of Korea		President of the Company		WhaJoon Cho
				Paid-in capital (KRW)		138,277,125,000		Relation with KT		Subsidiary
				Number of issued Shares		27,655,425		Main business		Lease and Corporate loan
2.		Details of Disposal		Number of Disposed Shares		23,117,748 shares
				Disposal Amount (KRW)		252,197,338,193
				Total Equity (KRW)		11,790,288,384,495
				Disposal to Total Equity		2.1%
				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				2015-08-31
6.		Date of Board Resolution				2015-06-30
		- Attendance of Outside Directors		Present		7
				Absent		1
		- Attendance of Audit Committee Members				Present
7.		Options inclusion such as put-option				Not Applicable
		- Detail of Contract				-
8.		Others				a. Disposal amount is based on Board Resolution Date and is subject to change depending on the condition of stock sale contract. b. Total Equity is based on FY2014 Consolidated Financial Statements. c. Expected Disposal Date and other details are subject to change according to the condition of stock sale contract, circumstance of parties to a contract and the scheduled process. d. Total disposal amount is KRW 301.7 billion, based on 100% stake in KT Capital.
						Related Filing		2015-06-23 Form 6-K