-----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, QK+mdnC0f05s+jDczZPtcxld+79QMX3Jc05hU49gLCBJxiS0ISD3AcsnUDPnC6CR metbApQRbgM4vte1bP2MAQ== 0001021408-03-001510.txt : 20030204 0001021408-03-001510.hdr.sgml : 20030204 20030204083012 ACCESSION NUMBER: 0001021408-03-001510 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030203 FILED AS OF DATE: 20030204 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: 03537357 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 February 2003

 

 

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.

 

Change in Open Interest Balance of Derivatives

 

We hereby inform you that KT Corporation’s (the “Company” and NYSE symbol: KTC) position in derivatives has changed. Details are as follows:

 

  1.   Derivative product: KT Freetel equity swap.

 

  2.   Open interest balance reported prior to change (a + b): Won 689,045 million.

 

  (a)   Buying amount: Won 689,045 million.

 

  (b)   Selling amount: none.

 

  3.   Change amount of derivative product contracted (a + b): decrease of Won 100,000 million.

 

  (a)   Buying amount: decrease of Won 100,000 million.

 

  (b)   Selling amount: none.

 

  4.   Total amount of open interest balance following the change (a + b): Won 589,045 million.

 

  (a)   Buying amount: Won 589,045 million.

 

  (b)   Selling amount: none.

 

  5.   Reason for change: purchase of common shares of KT Freetel by the Company from Salomon Brothers International Ltd.

 

  6.   Date of relevant disclosure: the Company previously filed related Form 6-K with the Securities and Exchange Commission on January 7, 2003.

 

 

Increase of Holding in KT Freetel

 

We hereby inform you that the Company’s holding in KT Freetel Corporation (“KT Freetel”) has increased. Details are as follows:

 

  1.   Holding amount before acquisition: 74,107,242 common shares.

 

  2.   Number of shares acquired: 3,350,000 common shares.

 

  3.   Holding amount after acquisition: 77,457,242 common shares.

 

  4.   Total amount invested: approximately Won 99,038 million.

 

  5.   Ownership of KT Freetel after acquisition: 42.08%.

 

  6.   Reason for change: the Company purchased common shares of KT Freetel from Salomon Brothers International Ltd. on February 3, 2003.

 

 

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: February 3, 2003

 

KT Corporation

By:

  

/s/    JEONG - SOO SUH        

Name: Jeong - Soo Suh

Title: Vice President and Chief Financial Officer

 

 

 

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