Exhibit 8.1

List of Subsidiaries of KT Corporation

(As of December 31, 2012)



|                                               |  |                             
|---------------------------------------------- |  | ----------------------------
|Name                                           |  | Jurisdiction ofIncorporation
|KT Powertel Co., Ltd.                          |  | Korea                       
|KT Networks Corporation                        |  | Korea                       
|KT Linkus Co., Ltd.                            |  | Korea                       
|KT Telecop Co., Ltd.                           |  | Korea                       
|KT Hitel Co., Ltd.                             |  | Korea                       
|KT Commerce Inc.                               |  | Korea                       
|KT Tech, 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                       
|BC card China Co., Ltd.                        |  | Korea                       
|U Payment Co., Ltd.                            |  | Korea                       
|INITECH Co., Ltd.                              |  | Korea                       
|InitechSmartro Holdings Co., Ltd.              |  | Korea                       
|Smartro Co., Ltd.                              |  | Korea                       
|Sidus FNH Corporation                          |  | Korea                       
|Nasmedia, Inc.                                 |  | Korea                       
|Sofnics, Inc.                                  |  | Korea                       
|KTDS Co., Ltd.                                 |  | Korea                       
|KT M Hows Co., Ltd.                            |  | Korea                       
|KT M&S Co., Ltd.                               |  | Korea                       
|KT Music Corporation                           |  | Korea                       
|KMP Holdings Co. Ltd.                          |  | Korea                       
|KT Innotz Inc.                                 |  | Korea                       
|KT Skylife Co., Ltd.                           |  | Korea                       
|Korea HD Broadcasting Corp.                    |  | Korea                       
|KT Estate Inc.                                 |  | Korea                       
|KT AMC Co., Ltd.                               |  | Korea                       
|NEXR Co., Ltd.                                 |  | Korea                       
|KTSB Data service                              |  | Korea                       
|KT Cloudware Corporation                       |  | Korea                       
|Centios Co., Ltd. (KC smart service Co., Ltd.) |  | Korea                       
|Enswers Inc.3                                  |  | Korea                       
|Revlix Inc.                                    |  | Korea                       
|KT OIC Korea Co., Ltd.                         |  | Korea                       
|Ustream Inc.                                   |  | Korea                       
|Incheonucity Co., Ltd.                         |  | Korea                       
|KT Innoedu Co., Ltd. (Cyber MBA)               |  | Korea                       
|KT Rental                                      |  | Korea                       
|KT Auto Lease Corporation                      |  | Korea                       
|Kumho Rent-a-car Co., Ltd.                     |  | Korea                       
|KT Sat Co., Ltd.                               |  | Korea                       
|KT Media Hub Co. Ltd.                          |  | Korea                       
|Best Partners Co., Ltd.                        |  | Korea                       
|Centios Philippines, Inc.                      |  | Philippines                 
|Soompi USA, LLC                                |  | United States               
|Kumho Rent-a-car (Vietnam) Co., Ltd            |  | Vietnam                     
|Korea Telecom Japan Co., Ltd.                  |  | Japan                       
|Korea Telecom China Co., Ltd.                  |  | China                       
|KTSC Investment Management B.V                 |  | Netherlands                 
|Super iMax                                     |  | Uzbekistan                  
|East Telecom                                   |  | Uzbekistan                  
|Korea Telecom America, Inc.                    |  | United States               
|PT. KT Indonesia                               |  | Indonesia