UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of ~~June~~April ~~2007~~2008

MIRAE CORPORATION

(Translation of registrant’s name into English)

#9-2, CHA AM-DONG, CHUN AN, CHUNG CHONG NAM-DO 330-200

REPUBLIC OF KOREA

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ( ü ) No Form 40-F ( )

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes ( ) No ( ü )

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- . ~~N/A~~

~~Mirae~~The ~~Corporation~~registrant ~~(the~~files ~~“Company”)~~with ~~is unable to file its annual report on Form 20-F for~~ the ~~fiscal year ended~~ ~~December 31,~~Korea ~~2006~~Securities (Exchange the ~~“2006~~notice ~~20-F”)~~dated ~~by July~~April 225, ~~2007~~2008. ~~(the~~Attached ~~“Prescribed~~is ~~Due~~English ~~Date”),~~language ~~for~~version ~~certain details~~ of ~~which~~the ~~are set forth below~~notice.

The ~~principal~~following ~~reason~~table ~~for~~sets ~~delay~~forth in the ~~filing~~summary of the ~~2006~~cancellation ~~20-F is related to the company’s inability to prepare its consolidated financial statements as~~ of ~~and~~Stock ~~for the fiscal year ended December 31, 2006 (the “Consolidated Financial Statements”) in a timely manner~~Option. The delay in the preparation of the Consolidated Financial Statements results from the fact that Cyber Bank Corporation (“Cyber Bank”), an affiliate of the company, which the Company has in the past consolidated in its Financial Statements, was not able to conduct a physical inventory count as of December 31, 2006. As a result of such delay, the Company needs more time to complete its accounting records over inventories.

In light of the foregoing, the Company will not be able to file the 2006 20-F by the Prescribed Due Date. The Company is currently in the process of consolidating its Financial Statements and has placed it as a higher priority event. The Company’s management expects that the Company will be able to file 2006 20-F within the 15-day extension period permitted.


1.Number of Grantees Cancelled	Officers and employee of Company	14 employees
	Officers and employee of affiliated Company	—

2.Number of Shares Cancelled	Common Shares	770,272
2.Number of Shares Cancelled	Preferred Shares	—

3.Total Stock Option Granted after this Cancellation	Common Shares	3,355,640
3.Total Stock Option Granted after this Cancellation	Preferred Shares	—

4.Reasos for Cancellation		Voluntary resignation and others

5. Date of Board of directors’ resolution (Decision date)		April 25, 2008

- Attendance of outside directors	Present (No)	4
	Absent (No)	—

-Attendance of auditors (members of Audit Committee)		Present

6. Other references concerning investment decisions

- Details of Cancellation of Stock Option granted as of April 25, 2008 are as follow:


Stock Option Plan	Granted Date	Exercise Price	Number of Shares Cancelled
2^nd Stock Option	March 24, 2001	1,379 Won	367,866
3^rd Stock Option	June 24, 2002	1,261 Won	153,208
4^th Stock Option	March 21, 2003	988 Won	184,764
5^th Stock Option	July 16, 2003	1,368 Won	64,434
Total	—	—	770,272

[Details of Cancellation by Grantees]


Grantees	Relationship	Number of Shares Cancelled		Remarks
		Common shares	Preferred shares
Kwon, Soon Do	Officer	129,079	—	2^nd Stock Option
Beom, Hee Rak	“	64,538	—	2^nd Stock Option
Joung, Gi Hoon	“	44,755	—	2^nd & 3^rd Stock Option
Yang, Gun Hong	“	25,815	—	2^nd Stock Option
Park, Young Seong	“	25,815	—	2^nd Stock Option
Kim, Yo Hwan	Employee	64,117	—	2^nd & 3^rd Stock Option
Kim, Heung Bok	“	6,453	—	2^nd Stock Option


Laurent Robert	Ex-officer	125,705	—	2^nd & 3^rd & 4^th Stock Option
Lee, Young Chul	Ex-employee	87,403	—	2^nd & 4^th Stock Option
Song, Jae Myeong	“	87,403	—	2^nd & 4^th Stock Option
Kim, Young Joo	“	44,755	—	2^nd & 3^rd Stock Option
An, Jeong Ook	“	25,774	—	5^th Stock Option
Lim, Jun Woo	“	25,774	—	5^th Stock Option
Luke	“	12,886	—	5^th Stock Option

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: ~~June~~April 2829, ~~2007~~2008


By		/s/ Gi-Hoon Joung
		Gi-Hoon Joung
		Mirae Corporation
		Director of Accounting Team and Acting CFO

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