The National Pension Service sold 5.5 million shares of KT

COMPANY / Reporter Kim Jisun / 2023-03-06 05:44:33
This article is translated by AI company Flitto and Alhpa Biz neural machine translation technology
구현모 KT 대표이사. 사진=연합뉴스

[Alpha Biz=(Chicago) Reporter Kim Jisun] The National Pension Service, the largest shareholder of KT, sold about 5.5 million shares of KT.

According to the Financial Supervisory Service's electronic disclosure system on the 3rd, the National Pension Service's stake in KT was 8.53% as of the 27th of last month. The figure is down 2.10 percentage points (P) from the 10.63 percent stake announced on Nov. 2 last year.

The National Pension Service recently sold a total of 5,482,260 KT shares. The exact date of the sale is not known by listing the changes en masse, but it is believed to have sold 2,758,800 shares by Feb. 3 and 2,723,460 shares from Feb. 6-27.

Koo Hyun-mo, who became CEO of KT in March 2020, has achieved 25 trillion won in KT sales. Even when the stock market weakened last year, KT's stock price rose more than 10%. Koo expressed his intention to serve a second term in November last year, and the board of directors selected him as a candidate for a second term in December of the same year.

However, the National Pension Service immediately expressed opposition. "It is not in line with the principle that the CEO's decision should be made in accordance with transparent and fair procedures," the National Pension Service said, hinting that it may vote against it if Koo is recommended at the shareholders' meeting to be held in March this year.

 

Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)

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