KT Corporation’s Issue of US$200 Million Floating Rate Kimchi Bonds

Lee & Ko represented KT Corporation in connection with its issuance of US$200 million kimchi bonds due 2013, at the floating rate of 3-month LIBOR plus 1.05 per cent. Daewoo Securities, Co., Ltd. and Dongbu Securities Co., Ltd. were the underwriters in the deal, each responsible for an equal number of issued bonds. Hyunjoo Oh led the team of Lee & Ko advisors for the deal.