SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE13a-16 OR15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of December 2018
Commission File Number1-14926
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 Form20-F or Form40-F:
Form20-F ☒ Form40-F ☐
Indicate by check mark if the registrant is submitting the Form6-K in paper as permitted by RegulationS-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form6-K in paper as permitted by RegulationS-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 Rule12g3-2(b) under the Securities Exchange Act of 1934.
Yes ☐ No ☒
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule12g3-2(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: December 03, 2018 | ||
| KT Corporation | ||
| By: | /s/ Seunghoon Chi | |
| Name: Seunghoon Chi | ||
| Title: Vice President | ||
| By: | /s/ Youngkyoon Yun | |
| Name: Youngkyoon Yun | ||
| Title: Director | ||
Equity Investment in an Affiliated Company
Amendment
Original File/Film Number | 001-14926 / 181158961 | |||
Original Filing Date | 2018-11-05 | |||
Reason for Amendment | Changes in Number of Shares Acquired due to Lowered Issue Price | |||
Items Amended: | Before: | After: | ||
Item 2) Number of Shares Acquired | 1,816,573 | 72,662,969 | ||
Item 3) Number of Shares after Acquisition | 2,766,573 | 73,612,969 | ||
Item 6) Expected Acquisition Date | 2018-12-18 | 2018-12-31 | ||
1. Issuing Company
| Name of the Company | Next Connect PFV | |||||
| Nationality of the Company | Republic of Korea | President of the Company | Jong-ook Park | |||
| Paid-in capital (KRW) | 5,000,000,000 | Relation with KT | Affiliated Company | |||
| Number of issued Shares | 1,000,000 | Main business | Real estate development business | |||
2. Details of Investment
| Number of Acquired Shares (Shares) | 72,662,969 | |||
| Amount of Investment (KRW) | 363,314,851,010 | |||
| Total Equity of KT (KRW) | 13,076,376,262,576 | |||
| Amount of Investment to Total Equity of KT (%) | 2.8 |
3. Number of Shares after Acquisition
- Number of Shares : 73,612,969 shares
- Ownership : 95.0 %
4. Method of Acquisition:Payment-in-kind
5. Purpose of Acquisition :Implementing real estate development project to revitalize regional economic of Ja-yang 1st.
- Ja-yang 1st is a district of Seoul in Korea.
- Next Connect PFV has plans to establish hotel, working office or apartment on the land which KT will makepayment-in-kind to Next Connect PFV.
6. Expected Acquisition Date: December 31, 2018
7. Date of Board Resolution : November 3, 2018
- Attendance of Outside Directors : Present 8 / Absent 0
- Attendance of Audit Committee Members : Present
8. Others
- Investment Amount (in “No.2 Details of Investment”) is excluding Lease deposit from Appraisal Amount
- Expected Acquisition Date (in “No.6”) is subject to change according to court’s decision.
