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 | |||||||||
