Exhibit 8.1

List of Subsidiaries of KT Corporation

(As of December 31, 2011)



|                                   |  |                             
|---------------------------------- |  | ----------------------------
|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 1          |  | Korea                       
|KTC Media Contents Fund 2          |  | Korea                       
|KT Strategic Investment Fund No. 1 |  | 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                       
|Initech Smartro Holdings Co., Ltd. |  | Korea                       
|Smartro Co., Ltd.                  |  | Korea                       
|Pay N Mobile Co., Ltd.             |  | Korea                       
|Sidus FNH Corporation              |  | Korea                       
|Nasmedia, Inc.                     |  | Korea                       
|Sofnics, Inc.                      |  | Korea                       
|KT Edui Co., Ltd.                  |  | Korea                       
|KTDS Co., Ltd.                     |  | Korea                       
|KT M Hows Co., Ltd.                |  | Korea                       
|KT M&S Co., Ltd.                   |  | Korea                       
|KT Music Corporation               |  | 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                       
|KC Smart Service Co., Ltd.         |  | Korea                       
|Enswers Inc.                       |  | Korea                       
|Revlix Inc.                        |  | Korea                       
|Soompi Media, LLC                  |  | Korea                       
|OIC Korea Co., Ltd.                |  | Korea                       
|Soompi USA, LLC                    |  | United States               
|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