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| Korea Telecom Corporation |
| Seoul, Korea |
| Business Description | The company is the national telecommunications company of Korea. The company is currently a state run telephone monopoly in South Korea, providing local and long distance telecommunication services. |
| Offering Information Company has | |||
| Trading As | KTC (NYSE) | Industry | Telecommunications (SIC 4812) |
| Type of Stock Offered | American Depositary Receipts | Filing Date | 09/19/1997 |
| Domestic Shares Offered | 90,191,000 | Offer Date | 05/25/1999 |
| Foreign Shares Offered | 0 | Filing Price | - - |
| Company Shares | 90,191,000 | Offer Price | $27.56 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $0.551 |
| Gross Proceeds | $2,485,663,912 | Selling | $0.331 |
| Expenses | - - | Reallowance | $0.000 |
| Post-IPO Shares | - - | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Morgan Stanley Dean Witter | Lead Manager | (212) 761-5900 |
| Merrill Lynch & Co. | Co-manager | (212) 449-4600 |
| Use Of Proceeds |
The proceeds from the proposed offering will be used for general corporate purposes. |