S.Korea KT sees 2008 operating profit at $1.6 bln

SEOUL Jan 16 (Reuters) - KT Corp (030200.KS), South Korea's top fixed-line and broadband operator, said on Wednesday the company was targeting 1.5 trillion won ($1.6 billion) in operating profit in 2008.

KT has yet to release its 2007 earnings but had set last year's operating profit target at 1.4 trillion won.

The company plans to spend 2.6 trillion won in capital investment this year, KT said in a filing with the Korea Exchange. ($1=937.9 Won) (Reporting by Rhee So-eui; Editing by Keiron Henderson)