A stepped septum polarizer has been designed and fabricated for the 43 GHz band KVN receiver system. The dual-circular polarizer converts left and right hand circularly polarized signals into linear polarizations in two separated rectangular waveguides. Measurements show that the performance of the designed septum polarizer covering 42-48 GHz frequency band is adequate to meet the requirement of KVN receivers. Especially, a polarizer for the KVN receiver of 85-95 GHz frequency band can be fabricated by scaling the dimensions of the septum polarizer developed in this paper.