FORM 6-K

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                        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 2005

                             KOREA THRUNET CO., LTD.
                            (Name of the Registrant)

                             1337-20, Seocho-2 dong
                                Seocho-ku, Seoul
                                  Korea 137-751
                    (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).)

                             Yes        No  X
                                 ---       ---

         (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).)


                             Yes        No  X
                                 ---       ---

         (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  X
                                 ---       ---

         (If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82- ___________ )






         Korea Thrunet Co., Ltd. (the "Company") is furnishing under cover of
Form 6-K, a fair and accurate English language translation of:


         Exhibit 99.1:      the Company's corporate disclosure on the approval
                            of the amended corporate reorganization plan, filed
                            with the Financial Supervisory Commission of Korea
                            on May 3, 2005.

         Exhibit 99.2:      the Company's corporate disclosure on its capital
                            reduction plan, filed with the Financial Supervisory
                            Commission of Korea on May 3, 2005.






                                   SIGNATURES


         Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.


                                                   KOREA THRUNET CO., LTD.



Date: May 11, 2005                                 By:   /s/ Suk Won Park
                                                         -----------------------
                                                         Name:  Suk Won Park
                                                         Title: CEO, Receiver












                                  EXHIBIT INDEX



Exhibit           Description
- -------           -----------

99.1              The Company's corporate disclosure on the approval of the
                  amended corporate reorganization plan, filed with the
                  Financial Supervisory Commission of Korea on May 3, 2005.

99.2:             The Company's corporate disclosure on its capital reduction
                  plan, filed with the Financial Supervisory Commission of Korea
                  on May 3, 2005