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 June 2020
Commission File Number 1-14926
KT Corporation
(Translation of registrant’s name into English)
90, Buljeong-ro,
Bundang-gu, Seongnam-si,
Gyeonggi-do,
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 ☑ 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 ☑
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-
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: June 16, 2020
KT Corporation | ||
| By: | /s/ Seunghoon Chi | |
| Name: | Seunghoon Chi | |
| Title: | Vice President | |
| By: | /s/ Youngkyoon Yun | |
| Name: | Youngkyoon Yun | |
| Title: | Director | |
Decision to Acquire Shares of Hyundai Robotics
| 1. | Details of Hyundai Robotics |
| • | Company Name: Hyundai Robotics Co., Ltd. |
| • | Principal Business: Robot Manufacturing and Sales |
| • | Capital Stock: KRW 40,000,000,000 |
| • | Total Number of Issued Shares: 8,000,000 |
| 2. | Purpose of Acquisition |
| • | To strengthen the synergy in the Smart factory and Robot business through a strategic alliance with Hyundai Robotics |
| 3. | Details of Acquisition |
| • | Number of the Shares to be Acquired: 888,889 |
| • | Shareholding Ratio after Acquisition: 10.00% |
| • | Acquisition Value: KRW 50,000,006,250 |
| • | Acquisition Method : Cash |
| • | Company’s Total Shareholders’ Equity : KRW 15,186,952,793,290 |
| • | Ratio of Acquisition Value to the Company’s Total Shareholders’ Equity: 0.33% |
| • | Scheduled Acquisition Date: June 26, 2020 |
| 4. | Date of Resolution: June 16, 2020 |