-----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, Hok0UbI3QbCc4VJI36NYKAQlX5QgqJ1bg839N66AScz0ReB24JuYFhs7JX6/3smO DxMWjuG96kfaZatsgjmLpA== 0001193125-03-033577.txt : 20030812 0001193125-03-033577.hdr.sgml : 20030812 20030812061831 ACCESSION NUMBER: 0001193125-03-033577 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030812 FILED AS OF DATE: 20030812 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: 03835926 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 CORP DATE OF NAME CHANGE: 19971006 FORMER COMPANY: FORMER CONFORMED NAME: KOREA TELECOM DATE OF NAME CHANGE: 19950130 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 August 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.

 

Additional Derivatives Contract

 

We hereby inform you that KT Corporation (the “Company” and NYSE symbol: KTC) entered into an equity swap contract of common shares of KT Freetel Corporation. Details are as follows:

 

  1.   Derivative product: Equity swap of common shares of KT Freetel Corporation.

 

  2.   Balance of open interest prior to additional derivatives contract: Won 792,605 million.

 

  (a)   Buying amount: Won 612,845 million.
  (b)   Selling amount: Won 179,760 million.

 

  3.   Balance of additional derivatives contract: Won 100,000 million.

 

  (a)   Buying amount: Won 100,000 million.
  (b)   Selling amount: none.

 

  4.   Total balance of open interest following the additional derivatives contract: Won 892,605 million.

 

  (a)   Buying amount: Won 712,845 million.
  (b)   Selling amount: Won 179,760 million.

 

  5.   Contract details:

 

  •   The Company entered into the contract with Citigroup Global Markets Ltd. (“CGML”) on August 11, 2003.

 

  •   CGML will sell common shares of KT Freetel to the Company after purchasing them between August 12, 2003 to November 11, 2003.

 

  •   Contract amount: Won 100,000 million.

 

  •   Maturity: November 13, 2003 or the date when the total amount of common shares of KT Freetel purchased by CGML exceeds the contract amount.

 

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

 

  6.   Date of relevant disclosure: the Company previously filed related Form 6-K with the Securities and Exchange Commission on July 24, 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: August 12, 2003

KT Corporation

 

 

By:    /s/ Wha-Joon Cho                

    Name: Wha-Joon Cho

    Title: Managing Director

 

 

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