SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 OF

THE SECURITIES EXCHANGE ACT OF 1934

For the month of February 2007

Commission File Number 1-14926

KT Corporation

(Translation of registrant’s name into English)

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      ü            Form 40-F              

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):             

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):             

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes                      No      ü    

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-              

Addition of affiliated companies (total 6 companies)

Affiliated company
1.	Name of the company: KT Capital Corporation Names of Representative Directors: Ryu, Jae Jeong Total asset: (KRW) 99,964,081,441 Total liabilities: (KRW) 391,549,861 Stockholders’ equity: (KRW) 99,572,531,580 Capital: (KRW) 101,000,000,000 Business area: capital lease, equipment lease
2.	Name of the company: Olive Nine Co., Ltd. Names of Representative Directors: Koh, Dae-Hwa Total asset: (KRW) 43,579,617,542 Total liabilities: (KRW) 22,012,886,949 Stockholders’ equity: (KRW) 21,566,730,593 Capital: (KRW) 22,228,474,500 Business area: production and distribution of broadcasting programs
3.	Name of the company: Olive Nine Entertainment Co., Ltd. Names of Representative Directors: Kim, Tae-Won Total asset: (KRW) 1,777,596,504 Total liabilities: (KRW) 2,877,433,853 Stockholders’ equity: (KRW) -1,099,837,349 Capital: (KRW) 700,000,000 Business area: entertainment management service, production of broadcasting programs
4.	Name of the company: Olive Nine Creative Co., Ltd. Names of Representative Directors: Kim, Tae-Won Total asset: (KRW) 855,493,123 Total liabilities: (KRW) 275,226,820 Stockholders’ equity: (KRW) 580,266,303 Capital: (KRW) 466,640,000 Business area: planning and designing theme parks, merchandising
5.	Name of the company: The Contents Entertainment Names of Representative Directors: Kim, Jong-Seung / Kim, Tae-Won Total asset: (KRW) 2,140,677,020 Total liabilities: (KRW) 1,636,168,404 Stockholders’ equity: (KRW) 504,508,616 Capital: (KRW) 600,000,000 Business area: advertising, entertainment management service
6.	Name of the company: KTF M&S Co., Ltd. Names of Representative Directors: Moon, Gi-Oon Total asset: (KRW) 20,000,000,000 Total liabilities: (KRW) 0 Stockholders’ equity: (KRW) 20,000,000,000 Capital: (KRW) 20,000,000,000 Business area: telecommunication equipment sales and rental KTF owns 100% of the shares of KTF M&S.

Name of company group:	KT
Reason for addition:	KT Corporation received notice from the Korean Fair Trade Commission that 6 companies stated above will be classified as affiliates of a large business group.
Number of affiliated company after the addition above:	25
Date confirmed:	January 31, 2007

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 2, 2007
KT Corporation
By:	/s/ Thomas Bum Joon Kim
Name:	Thomas Bum Joon Kim
Title:	Managing Director