Exhibit 8.1

List of Subsidiaries of KT Corporation

(As of December 31, 2014)



|                                                           |  |                             
|---------------------------------------------------------- |  | ----------------------------
|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 Commerce Inc.                                           |  | Korea                       
|KT Capital Co., Ltd.                                       |  | Korea                       
|KT New Business Fund No.1                                  |  | Korea                       
|Gyeonggi-KT Green Growth Fund                              |  | 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                       
|INITECH Co., Ltd.                                          |  | Korea                       
|Smartro Co., Ltd.                                          |  | Korea                       
|Sofnics, Inc.                                              |  | 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.2                                      |  | Korea                       
|SkylifeTV co., Ltd. (formerly Korea HD Broadcasting Corp.) |  | Korea                       
|KT Estate Inc.                                             |  | Korea                       
|KT AMC Co., Ltd.                                           |  | Korea                       
|KT NEXR CO., LTD. (formerly NEXR Co., Ltd.)                |  | Korea                       
|KTSB Data service                                          |  | Korea                       
|CENTIOS Co., Ltd.                                          |  | Korea                       
|Enswers Inc.                                               |  | Korea                       
|Ustream Inc.                                               |  | Korea                       
|Incheonucity Co., Ltd.                                     |  | Korea                       
|KT Innoedu Co., Ltd.                                       |  | Korea                       
|KT Rental                                                  |  | Korea                       
|KT Auto Lease Corporation                                  |  | Korea                       
|KT Rental Auto Care Corporation                            |  | Korea                       
|KT Sat Co., Ltd.                                           |  | Korea                       
|KT Media Hub Co. Ltd.                                      |  | Korea                       
|Best Partners Co., Ltd.                                    |  | Korea                       
|Nasmedia, Inc.                                             |  | Korea                       
|T-ON Telecom                                               |  | Korea                       
|KT Sports                                                  |  | Korea                       
|KT Music Contents Fund No.1                                |  | Korea                       
|Consus-Changwon Private REIT                               |  | Korea                       
|KT-Michigan Global Content Fund                            |  | Korea                       
|Autopion Co., Ltd.                                         |  | Korea                       
|GREEN CAR (formerly GREEN POINT)                           |  | Korea                       



---

|                                    |  |            
|----------------------------------- |  | -----------
|K-REALTY CR-REIT 7                  |  | Korea      
|ktcs Corporation                    |  | Korea      
|ktis Corporation                    |  | Korea      
|BC Card China Co., Ltd.             |  | China      
|Centios Philippines, Inc.           |  | Philippines
|Kumho Rent a car (Vietnam) Co., Ltd |  | Vietnam    
|olleh Rwanda Networks Ltd.          |  | Rwanda     
|Africa Olleh Services Ltd.          |  | Rwanda     
|KT Belgium                          |  | Belgium    
|KT ORS Belgium                      |  | Belgium    
|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.         |  | U.S.A.     
|PT. KT Indonesia                    |  | Indonesia  



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