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KT Corporation (KTCD)

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Wednesday 20 September, 2006

KT Corporation

Completion of KTF Share Acqn.

KT Corporation
20 September 2006

Completion of KTF Share Acquisition

1.      Number of KTF shares acquired: 12,489,850 shares of common stock

A.      Total number of KTF shares held by KT Corporation after the acquisition:
102,129,938 shares (50.76%)

2.      Value of shares acquired: KRW 356,179,732,925

3.      Average acquisition price per share: KRW 28,517

4.      Acquisition period: 2006.2.28 - 9.15

5.      The acquisition period is based on the purchase date.  The acquisition
price does not include handling fees.

                      This information is provided by RNS
            The company news service from the London Stock Exchange