Exhibit 8.1

List of Subsidiaries of KT Corporation

(As of December 31, 2015)



|                                  |  |                             
|--------------------------------- |  | ----------------------------
|Name                              |  | Jurisdiction ofIncorporation
|KT Powertel Co., Ltd.             |  | Korea                       
|KT Linkus Co., Ltd.               |  | Korea                       
|KT Submarine Co., Ltd.            |  | Korea                       
|KT Telecop Co., Ltd.              |  | Korea                       
|KT Hitel Co., Ltd.                |  | Korea                       
|KT Service Nambu Co., Ltd.        |  | Korea                       
|KT Service Bukbu Co., Ltd.        |  | Korea                       
|KT Commerce Inc.                  |  | Korea                       
|KT New Business Fund No.1         |  | Korea                       
|KTC Media Contents Fund 2         |  | Korea                       
|KT Strategic Investment Fund No.1 |  | Korea                       
|KT Strategic Investment Fund No.2 |  | Korea                       
|BC Card Co., Ltd.                 |  | Korea                       
|VP Inc.                           |  | Korea                       
|H&C Network                       |  | Korea                       
|BC Card China Co., Ltd.           |  | China                       
|INITECH Co., Ltd.                 |  | Korea                       
|Smartro Co., Ltd.                 |  | Korea                       
|KTDS Co., Ltd.                    |  | Korea                       
|KT M Hows Co., Ltd.               |  | Korea                       
|KT M&S Co., Ltd.                  |  | Korea                       
|KT Music Corporation              |  | Korea                       
|KT Skylife Co., Ltd.              |  | Korea                       
|Skylife TV Co., Ltd.              |  | Korea                       
|KT Estate Inc.                    |  | Korea                       
|KT AMC Co., Ltd.                  |  | Korea                       
|NEXR Co., Ltd.                    |  | Korea                       
|KTSB Data service                 |  | Korea                       
|KT Innoedu Co., Ltd.              |  | Korea                       
|KT Sat Co., Ltd.                  |  | Korea                       
|Nasmedia, Inc.                    |  | Korea                       
|KT Sports                         |  | Korea                       
|KT Music Contents Fund No.1       |  | Korea                       
|KT-Michigan Global Content Fund   |  | Korea                       
|Autopion Co., Ltd.                |  | Korea                       
|K-Realty Rental Housing REIT 1    |  | Korea                       
|KTCS Corporation                  |  | Korea                       
|KTIS Corporation                  |  | Korea                       
|KT M mobile                       |  | Korea                       
|KT Investment Co., Ltd            |  | Korea                       
|Olleh Rwanda Networks Ltd.        |  | Rwanda                      
|Africa Olleh Services Ltd.        |  | Rwanda                      
|KT Belgium                        |  | Belgium                     
|KT ORS Belgium                    |  | Belgium                     
|NgeneBio                          |  | Korea                       
|Korea Telecom Japan Co., Ltd.     |  | Japan                       



---

|                              |  |            
|----------------------------- |  | -----------
|KBTO sp.zo.o.                 |  | Poland     
|Korea Telecom China Co., Ltd. |  | China      
|KT Dutch B.V                  |  | Netherlands
|Super iMax LLC                |  | Uzbekistan 
|East Telecom LLC              |  | Uzbekistan 
|Korea Telecom America, Inc.   |  | USA        
|PT. KT Indonesia              |  | Indonesia  
|PT. BCCard Asia Pacific       |  | Indonesia