KT&G hits record stock high on shareholder-friendly moves, stronger tobacco business

KT&G, Korea’s leading tobacco and e-cigarette manufacturer, has reached a record stock high, driven by sustained domestic market dominance and overseas growth opportunities. The company’s stock peaked at 144,000 won ($104) on July 14, marking a surge of over 50 percent from this year’s low of 87,300 won. KT&G attributes its record-high stock price to its shareholder-friendly policies and robust market expansion worldwide. Stock market analysts also remain positive about the company’s outlook, citing its proactive dividend strategy that is in line with the Lee Jae Myung administration’s drive to encourage private investment. According to KT&G, its record stock value came in the wake of the Lee administration’s inauguration last month, which helped boost investor sentiment and began addressing corporate valuation uncertainties inherited from the previous Yoon Suk Yeol government. The company described the current investment-friendly trend as a long-term 'money move,' contrasting it with the debt-fueled, overheated market of 2021, driven by pandemic-related instability. KT&G’sWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times