tiprankstipranks
KT Corporation Announces Major Shareholder Change
Company Announcements

KT Corporation Announces Major Shareholder Change

KT Corporation (KT) has released an update.

KT Corporation has reported a significant shift in its shareholder structure, with Hyundai Motor Company and Hyundai Mobis Co., LTD becoming the new largest shareholders, holding a 7.89% stake post-change, up from the National Pension Service’s previous 7.51%. The change was confirmed on April 2, 2024, and is subject to approval by the Ministry of Science and ICT, as it has implications on public interest under the Telecommunications Business Act.

For further insights into KT stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Auto-Generated NewsdeskKT Corporation Declares Quarterly Cash Dividend
TheFlyKT Corporation downgraded to Neutral from Buy at Goldman Sachs
TipRanks Auto-Generated NewsdeskKT Corporation Executives Acquitted in Appeal
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Optimize your mobile reading experience. Download the TipRanks App today!