-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, S4E1nIJkDxCAZVVuxcELDGREzEISstkBCSiUZ2uNoTHxX28bxJvvUphCgMLrSPoi GLF4kJh0U9EJsiZF3sBDdQ== 0000950109-02-006076.txt : 20021202 0000950109-02-006076.hdr.sgml : 20021202 20021202091513 ACCESSION NUMBER: 0000950109-02-006076 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20021202 FILED AS OF DATE: 20021202 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KT CORP CENTRAL INDEX KEY: 0000892450 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14926 FILM NUMBER: 02845238 BUSINESS ADDRESS: STREET 1: 206 JUNG TA DONG BUNN DONG GU CITY: SUNGNAM CITY KOREA STATE: M5 ZIP: 463711 BUSINESS PHONE: 82317270932 MAIL ADDRESS: STREET 1: 206 JUNG JA DONG BUNN DONG GU CITY: SUNGNAM CITY KOREA STATE: M5 ZIP: 463711 FORMER COMPANY: FORMER CONFORMED NAME: KOREA TELECOM DATE OF NAME CHANGE: 19950130 FORMER COMPANY: FORMER CONFORMED NAME: KOREA TELECOM CORP DATE OF NAME CHANGE: 19971006 6-K 1 d6k.htm FORM 6-K Form 6-K
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
Form 6-K
 
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO
RULE 13a-16 OR 15d-16 UNDER THE SECURITIES
EXCHANGE ACT OF 1934
 
For the month of November 2002
 
KT Corporation
 
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 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
 

Equity Investment in a Consolidated Subsidiary
 
We hereby inform you that the board of directors of KT Corporation (NYSE symbol: KTC) resolved to make an equity investment in KT Freetel Corporation (“KT Freetel”), a 40.26%-owned consolidated subsidiary of KT Corporation. Details are as follows:
 
 
1.
 
Total amount of investment: Won 536.2 billion.
 
 
2.
 
Investment methods:
 
 
a.
 
Purchase of Won 336.2 billion convertible bonds which are convertible into 9,040 thousand common share of KT Freetel Corporation.
 
 
b.
 
Purchase of approximately Won 200 billion of common shares of KT Freetel, or approximately 3.5% of issued common shares of KT Freetel. KT Corporation will purchase the common shares of KT Freetel from December 16, 2002 to June 13, 2003.
 
 
3.
 
Terms of convertible bonds:
 
 
a.
 
Conversion price: Won 37,200.
 
 
b.
 
Coupon: 1%.
 
 
c.
 
Maturity: three years
 
 
d.
 
Yield to maturity: 3%.
 
 
4.
 
Date of board resolution: November 28, 2002.

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.
 
KT CORPORATION
By: 
  
/s/    JOONG-SOO NAM        
   
Name: Joong-Soo Nam
Title: Executive Vice President and
Chief Financial Officer
 
Dated:    December 2, 2002
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