BlackRock increases stake in KT&G
Analysis based on 6 articles · First reported Jun 11, 2026 · Last updated Jun 11, 2026
The increased foreign ownership in Korea Tobacco & Ginseng Corporation>>> by major asset managers like BlackRock>>> and Capital Research and Management Company>>> signals strong investor confidence in the company's growth potential and shareholder return policies. This positive sentiment could lead to an upward trend in Korea Tobacco & Ginseng Corporation>>>'s stock price and potentially attract further foreign investment into the South Korean market.
BlackRock>>> Fund Advisors, the world's largest asset manager, increased its stake in Korea Tobacco & Ginseng Corporation>>> from 5.01% to 6.15% over four months. This follows Capital Research and Management Company>>>'s disclosure of increasing its stake to 7.21%. As a result, Korea Tobacco & Ginseng Corporation>>>'s foreign ownership ratio has reached 51.24%. This increase is attributed to Korea Tobacco & Ginseng Corporation>>>'s strong overseas performance, enhanced shareholder returns, and active communication with global investors by CEO Bang Kyung-man>>> and senior management through Overseas Non-Deal Roadshows. Korea Tobacco & Ginseng Corporation>>> also reported significant Q1 revenue and operating profit growth and plans to announce a new shareholder return policy in H2 focusing on dividend reinforcement.
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