Exhibit 8.1

List of Subsidiaries of KT Corporation

(As of December 31, 2010)



|                                                        |  |                              
|------------------------------------------------------- |  | -----------------------------
|Name                                                    |  | Jurisdiction of
Incorporation
|KT Powertel Co., Ltd.                                   |  | Korea                        
|KT Networks Corporation                                 |  | Korea                        
|KT Linkus Co., Ltd.                                     |  | Korea                        
|KT Submarine Co., Ltd.                                  |  | Korea                        
|KT Capital Co., Ltd.                                    |  | Korea                        
|KT Telecop Co., Ltd.                                    |  | Korea                        
|KT Internal Venture Fund No.2                           |  | Korea                        
|Sofnics, Inc.                                           |  | Korea                        
|KT Edui Co., Ltd. (formerly JungBoPremiumEdu Co., Ltd.) |  | Korea                        
|KT New Business Fund No. 1                              |  | Korea                        
|KT DataSystems Co., Ltd.                                |  | Korea                        
|Gyeonggi-KT Green Growth Fund                           |  | Korea                        
|KTC Media Contents Fund 1                               |  | Korea                        
|KTC Media Contents Fund 2                               |  | Korea                        
|KT Innotz Inc.                                          |  | Korea                        
|Vanguard Private Equity Fund                            |  | Korea                        
|KT-LIG ACE Private Equity Fund                          |  | Korea                        
|KTR Co., Ltd.                                           |  | Korea                        
|KT Rental Co., Ltd.                                     |  | Korea                        
|KT Estate Inc.                                          |  | Korea                        
|KT Strategic Investment Fund No.1                       |  | Korea                        
|KT Hitel Co., Ltd.                                      |  | Korea                        
|KT Commerce Inc.                                        |  | Korea                        
|KT Tech, Inc.                                           |  | Korea                        
|KT M Hows Co., Ltd.                                     |  | Korea                        
|KT M&S Co., Ltd.                                        |  | Korea                        
|KT Music Corporation                                    |  | Korea                        
|Sidus FNH Corporation                                   |  | Korea                        
|Sidus FNH Benex Cinema Investment Fund                  |  | Korea                        
|Nasmedia, Inc.                                          |  | Korea                        
|Korea Telecom Japan Co., Ltd.                           |  | Japan                        
|Korea Telecom China Co., Ltd.                           |  | China                        
|Super iMax                                              |  | Uzbekistan                   
|East Telecom                                            |  | Uzbekistan                   
|New Telephone Company, Inc.                             |  | Russia                       
|Helios-TV                                               |  | Russia                       
|Novaya Svyaz                                            |  | Russia                       
|KTSC Investment Management B.V.                         |  | Netherlands                  
|Korea Telecom America, Inc.                             |  | America                      
|PT. KT Indonesia                                        |  | Indonesia