UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of [December] 2005
MIRAE CORPORATION
(Translation of registrant’s name into English)
#9-2, CHA AM-DONG, CHUN AN, CHUNG CHONG NAM-DO 330-200
REPUBLIC OF KOREA
(Address of principal executive office)
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 ) No Form 40-F ( )
Indicate by check mark whether the registrant by furnishing the information contained in this Form 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- .
The registrant files with the Korea Securities Exchange the notice dated December 26, 2005. Attached is English language version of the notice.
The following table sets forth the summary of product and service transaction with CyberBank Corporation.
| 1. The other party to the contract | CyberBank Corporation | |||||||
| - Relationship with company | Affiliated Company | |||||||
2. Details of Transaction | Transaction Date | December 26, 2005 | ||||||
| Transaction Period | From December 26, 2005 to May 31, 2006 | |||||||
| Object of Transaction | Smart Phone | |||||||
| Type of Transaction | Purchase | |||||||
| Transaction Amount (KRW) | 4,039,927,680 | |||||||
| Sales in the latest fiscal year (KRW) | 59,654,075,836 | |||||||
| Ratio to Sales in the latest fiscal year (%) | 6.77 | |||||||
| 3. Decision Date (Date of Board Resolution) | December 26, 2005 | |||||||
| - Attendance of Outside Directors | Present (No) 3 | Absent (No) | - | |||||
| - Attendance of Auditors | Present | |||||||
| 4. Applicability of Fair Trade Act | No | |||||||
| 5. Others | - Type of transaction of item 2 is trading with CyberBank Corporation by means of Original Equipment Manufacturing. | |||||||
 Date of Relevant Disclosure | - | |||||||
The following table sets forth the summary of Exercise of Conversion Rights.
| 1. Accumulated Number of Shares Issued by exercising Conversion Rights | 4,687,500 | |
| - Total number of Shares Issued | 183,873,500 | |
| - Ratio to total number of Shares Issued (%) | 2.55 | |
| 2. Applicability of Fair Trade Act | No | |
| 3. Others | - Total number of Shares Issued above mentioned includes number of shares issued by exercising conversion rights | |
| Date of Relevant Disclosure | - | |
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[Details of Daily Application for Conversion]
(Unit: KRW, Shares)
Application Date | Class of Bonds | Conversion Amount | Conversion Price | Number of Shares Issued | Scheduled listing date | |||||||
| Series No. | Class | |||||||||||
December 26, 2005 | 1 | Convertible Bonds (Unregistered, private offering, non-guarantee) | 3,000,000,000 | 640 | 4,687,500 | January 20, 2006 | ||||||
[Balance of Convertible Bonds]
(Unit: Shares)
Series No. | Total Face Amount of Bonds at Issue (Unit) | Balance of Unconverted Bonds at Current Disclosure Date (Unit) | Conversion Price (KRW) | Number of Convertible Shares | ||||||||
1 | 3,000,000,000 | KRW | — | KRW | — | — | ||||||
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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.
Date: December 28, 2005
| By | /s/ MiRi Chung | |
| Mi-Ri Chung | ||
| Mirae Corporation | ||
| Public Disclosure Representative | ||
| Of Investor Relations Team |
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