-----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, GcpesTcfBkomTDnquYMBcS+mqR2d7nWSkm+/sU8B07iEfu4aSkik7jc+kZdryWRv odjos6DBdM89kEt9oA6Z9Q== 0000950168-02-003466.txt : 20021118 0000950168-02-003466.hdr.sgml : 20021118 20021118084722 ACCESSION NUMBER: 0000950168-02-003466 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20021118 FILED AS OF DATE: 20021118 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: 02830739 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
 


 
KT and SK Telecom Agree on Equity Swap
 
We hereby inform you that KT Corporation (NYSE symbol: KTC) and SK Telecom have agreed to an equity swap as follows:
 
1.
 
Details of the transaction:
 
 
 
Securities to be sold to SK Telecom: 8,266,923 common shares of SK Telecom owned by KT Corporation.
 
 
 
Securities to be purchased by KT Corporation: 29,808,333 common shares of KT Corporation owned by SK Telecom.
 
2.
 
Payment of transaction: Either:
 
 
 
Won 224,000 per common share of SK Telecom by KT Corporation and Won 50,900 per common share of KT Corporation by SK Telecom; or
 
 
 
payment of Won 334,550 million by SK Telecom to KT Corporation, representing the difference between the aggregate price of SK Telecom shares at Won 224,000 per common share and the aggregate price of KT Corporation at Won 50,900 per common share.
 
3.
 
Method of transaction: It will be decided by a mutual agreement at a future date.
 
4.
 
Change in KT Corporation’s interest in SK Telecom after the completion of the transaction: 9.27% to none.
 
5.
 
Date of board resolution: November 14, 2002.
 
6.
 
Proposed schedule: The parties plan to consummate the swap prior to January 15, 2003, but deadline may be expended if deemed necessary.


 
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:  November 18, 2002
 
KT CORPORATION
By:
 
/s/    JOONG-SOO NAM        

   
Name: Joong-Soo Nam
Title: Executive Vice President and
Chief Financial Officer
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