-----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, O4oISe+LGEeoi2eLJ/YvS9qmDqbq9FzpNJieU5V45VQzLAkmQ4KiGycnXzm8ubNi NnRp860EwHk2B0+7ZFf5QQ== 0001021408-02-015588.txt : 20021231 0001021408-02-015588.hdr.sgml : 20021231 20021231081246 ACCESSION NUMBER: 0001021408-02-015588 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20021231 FILED AS OF DATE: 20021231 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: 02872843 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 December 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
 

This Current Report on Form 6-K is being filed to incorporate by reference into Registration Statement No. 333-100251 on Form F-3, effective December 27, 2002, relating to $1,210,050,000 0.25% Convertible Notes Due 2007, $500,000,000 4.30% Bonds Due 2005 and Warrants to Purchase 9,270,200 Common Shares.
 
Completion of Share Repurchase from SK Telecom for Retirement
 
We hereby inform you that the Company has completed the purchase of its common shares from SK Telecom for retirement as follows:
 
1. Purpose of repurchase: retirement of common shares.
 
2. Number of shares planned to repurchase: 15,454,659 common shares.
 
3. Number of shares repurchased: 15,454,659 common shares.
 
4. Total value of shares repurchased: approximately Won 786,642 million.
 
5. Repurchase price: Won 50,900 per common share.
 
6. Date of repurchase: December 30, 2002.
 
7. Proposed action plan: the Company will retire purchased common shares on January 6, 2003.
 
8. Date of relevant disclosure: the Company previously filed related Form 6-Ks on November 18, 2002, December 20, 2002 and              December 27, 2002.

 
Change in Significant Shareholder
 
We hereby inform you of a change in the biggest shareholder of KT Corporation (the “Company” and NYSE symbol: KTC). Details are as follows:
 
 
1.
 
Shareholder owning the most number of the Company’s common shares:
 
Prior to December 30, 2002
  
Name of biggest shareholder
  
SK Telecom Co., Ltd.
       
 
Number of common shares
  
29,808,333
       
 
Ownership percentage
  
9.64%
   
Name of biggest shareholder
  
Brandes Investment Partners, Inc.
Starting December 30, 2002
  
Number of common shares
  
18,769,057
   
Ownership percentage
  
6.07%
* Brandes Investment Partners, Inc.’s ownership percentage is as a date of June 10, 2002
 
 
2.
 
Reason for change: the Company repurchased 15,454,659 common shares of KT Corporation from SK Telecom Co., Ltd. on December 30, 2002.
 
 
3.
 
Date of relevant disclosure: the Company previously filed related Form 6-Ks on November 18, 2002, December 20, 2002 and December 27, 2002.
 
 
4.
 
Others: Brandes Investment Partners, Inc. holds American Depositary Receipts of KT Corporation. Above percentages are based on a common share basis.

 
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 31, 2002
 
KT Corporation
By:
  
/s/ Joong - Soo Nam        
Name:
  
Joong - Soo Nam
Title:
  
Executive Vice President and
Chief Financial Officer
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