Form 6K

-----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, ANMp0wz4fcaFtO4oeClIFCimon/oKAvlxiSm9yF8S8CzwVkpjc08Vv7gf1RJeDeE PE3WTU0epXCvyTIyXcRbcg== 0001021408-03-003215.txt : 20030220 0001021408-03-003215.hdr.sgml : 20030220 20030220083509 ACCESSION NUMBER: 0001021408-03-003215 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030220 FILED AS OF DATE: 20030220 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: 03573618 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 6K Form 6K

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.

Derivatives Open Interest Balance

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

Derivative product: KT Freetel equity swap.

Open interest balance reported prior to change (a + b): Won 589,045 million.

(a)

Buying amount: Won 589,045 million.

(b)

Selling amount: none.

Additional derivative product contracted (a + b): Won 100,000 million.

(a)

Buying amount: Won 100,000 million.

(b)

Selling amount: none.

Total amount of open interest balance following the additional contract: Won 689,045 million.

(a)

Buying amount: Won 689,045 million.

(b)

Selling amount: none.

Contract details:

•

The Company entered into a contract with Salomon Brothers International Ltd. (“SBIL”) on February 19, 2003

•

Outline of contract: SBIL will sell common shares of KT Freetel to the Company after purchase from February 20, 2003 to May 19, 2003.

•

Contract amount: Won 100,000 million.

•

Maturity: May 19, 2003 or the date when the total amount of common shares of KT Freetel purchased by SBIL exceeds the contract amount.

•

Settlement: the Company will purchase common shares of KT Freetel from SBIL at the closing price on the maturity date.

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 20, 2003

KT Corporation

By:		/s/ Kyu Sung Lee
		Name: Kyu Sung Lee
		Title: Director

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