Exhibit 8.1

List of Subsidiaries of KT Corporation

(As of December 31, 2013)



|                                                      |  |                             
|----------------------------------------------------- |  | ----------------------------
|Name                                                  |  | Jurisdiction ofIncorporation
|KT Powertel Co., Ltd.                                 |  | Korea                       
|KT ENS Corporation (formerly KT Networks Corporation) |  | 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                       
|InitechSmartro Holdings Co., Ltd.                     |  | Korea                       
|Smartro Co., Ltd.                                     |  | Korea                       
|Sidus FNH Corporation                                 |  | 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.                                  |  | Korea                       
|Korea HD Broadcasting Corp.                           |  | Korea                       
|KT Estate Inc.                                        |  | Korea                       
|KT AMC Co., Ltd.                                      |  | Korea                       
|NEXR Co., Ltd.                                        |  | Korea                       
|KTSB Data service Co., Ltd.                           |  | Korea                       
|KT Cloudware Corporation                              |  | Korea                       
|CENTIOS Co., Ltd.                                     |  | Korea                       
|Enswers Inc.                                          |  | Korea                       
|KT OIC Korea Co., Ltd.                                |  | 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 Estate Investment Trust |  | Korea        
|KT-Michigan Global Contents Fund                |  | Korea        
|Autopion Co. Ltd.                               |  | Korea        
|GreenPoint Co., Ltd.                            |  | Korea        
|K-REALTY CR-REIT IV                             |  | Korea        
|K-REALTY REIT V                                 |  | Korea        
|Olleh Rwanda Networks Ltd.                      |  | Rwanda       
|BC Card China Co., Ltd.                         |  | China        
|Centios Philippines, Inc.                       |  | Philippines  
|Soompi USA, LLC                                 |  | United States
|Kumho Rent a car (Vietnam) Co., Ltd             |  | Vietnam      
|KT Belgium                                      |  | Belgium      
|KT ORS Belgium                                  |  | Belgium      
|Korea Telecom Japan Co., Ltd.                   |  | Japan        
|Korea Telecom China Co., Ltd.                   |  | China        
|KT Dutch B.V                                    |  | Netherlands  
|Super iMax, LLC                                 |  | Uzbekistan   
|East Telecom, LLC                               |  | Uzbekistan   
|Korea Telecom America, Inc.                     |  | United States
|PT. KT Indonesia                                |  | Indonesia    



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