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 May 2012
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 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: May 24, 2012 | ||
| KT Corporation | ||
| By: | /s/ Youngwoo Kim | |
| Name: | Youngwoo Kim | |
| Title: | Vice President | |
| By: | /s/ Jungsup Jung | |
| Name: | Jungsup Jung | |
| Title: | Team Leader | |
Disposal of Treasury Stock
A. Total number of disposed shares
1. Common stock: 59,792 shares (0.02% of the total issued shares)
B. Aggregate disposal amount
1. Common stock: KRW 1,716,030,400
C. Price of disposed shares: KRW 28,700 (the closing price as of May 21, 2012)
D. Date of board resolution: May 3, 2012
E. Disposal period
1. Beginning period: May 21, 2012
2. Ending period: May 21, 2012
F. Purpose of disposal: To make long-term incentive payments to executive directors and outside directors
G. Method of disposal: disposed over the counter
H. Details of treasury stock before/after disposal
Type of stock | Before disposal | After disposal | ||||||||||||||
| No. of shares | Ratio (%) | No. of shares | Ratio (%) | |||||||||||||
Common stock | 17,449,209 | 6.68 | 17,389,417 | 6.66 | ||||||||||||
