6-K/A 1 d935515d6ka.htm FORM 6-K AMENDMENT Form 6-K Amendment

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

Form 6-K/A

 

 

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 3, 2015
KT Corporation
By:

/s/ Youngwoo Kim

Name: Youngwoo Kim
Title: Vice President
By:

/s/ Jungsup Jung

Name: Jungsup Jung
Title: Director


Amendment of Disclosure : Decision of Equity Disposal in an Affiliated Company

1. Amended Disclosure Document : Disposal of Equity Investment in an Affiliated Company

2. Initial Filing Date of the Form 6-K : 2015-03-12

3. Reason for amendment : To correct Item issues

4. Contents

 

Item    Before Amendment    After Amendment
2. Details of Disposal          

- Disposal Amount (KRW)

   772,097,234,070    763,125,988,471

- Disposal to Total Equity (%)

   6.0    5.9
5. Expected Disposal Date    2015-05-31    2015-06-03
9. Others   

d.   Total disposal amount is KRW 1.02 trillion, based on 100% stake in KT Rental.

  

d.   Total disposal amount is KRW 1.01 trillion, based on 100% stake in KT Rental.

Disposal of Equity Investment in an Affiliated Company

 

1. Issuing Company    Name of the Company    KT Rental Corporation
   Nationality of the Company    Republic of Korea    President of the Company    Hyun Myung Pyo
   Paid-in capital (KRW)    49,128,500,000      Relation with KT    Subsidiary
   Number of issued Shares    9,825,700      Main business    Total Rental Business
2. Details of Disposal    Number of Disposed Shares    5,698,768 shares
   Disposal Amount (KRW)    763,125,988,471
   Total Equity (KRW)    12,864,910,436,048
   Disposal to Total Equity    5.9%
   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    2015-06-03
6. Date of Board Resolution    2015-03-11

- Attendance of Outside Directors

   Present    8
   Absent    -

- Attendance of Audit Committee Members

   Present
7. Report requirement to the Korean Fair Trade Commission    Not Applicable
8. Options inclusion such as put-option    Not Applicable

- Detail of Contract

   -
9. Others   

a. Disposal amount is based on Expected Disposal Date.

- Subject to change if Expected Disposal Date changes

b. Total Equity is based on FY2013 Consolidated Financial Statements.

c. Expected Disposal Date is subject to change according to the scheduled process.

d. Total disposal amount is KRW 1.01 trillion, based on 100% stake in KT Rental.             

   Related Filing    2015-02-23 Form 6-K