Capital Group of the US Acquires Additional 1.04 Million KT&G Shares: "Growth Potential Recognized"

World's Largest Active Fund Manager
Stake Rises to 8.22%
"Investment Driven by Fundamental Competitiveness"

KT&G announced on July 3 that the global asset management firm Capital Research and Management Company (Capital Group), based in the United States, has acquired an 8.22% stake in the company for investment purposes only.

KT&G CI. Provided by KT&G

According to the Financial Supervisory Service's Electronic Disclosure System, Capital Group currently holds approximately 8,528,000 shares of KT&G as of this date. Previously, Capital Group disclosed on May 8 that it had secured a 5.61% stake in KT&G, and subsequently announced through a disclosure on June 9 that it had increased its holdings to 7.21%. With the latest additional purchase of approximately 1.04 million shares, its stake has risen to 8.22%.

Capital Group is one of the world's largest active fund managers, with assets under management totaling 3.3 trillion dollars, and is known for its strong long-term investment orientation. The company explained that this investment philosophy is reflected in Capital Group’s decision to further increase its stake in KT&G. In the second half of the year, KT&G plans to announce a new shareholder return policy focusing on enhanced dividends, based on the qualitative growth driven by its global business.

A KT&G representative stated, "The steady increase in shareholdings by global asset management firms with a strong long-term investment orientation, such as Capital Group, demonstrates recognition of our company’s growth potential and fundamental competitiveness. Moving forward, we will continue to focus on building a virtuous cycle of profit growth centered on our global business and shareholder returns, with the aim of enhancing shareholder value."

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