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KT office. (Photo=Yonhap News) |
[Alpha Biz= Reporter Kim Minyoung] KT is on the verge of being kicked out a year after it was re-incorporated into the MSCI Korea Index. This is because the foreign investor's stake is so high that it is subject to the Foreign Investment Limit (foreign room) regulation.
According to the Korea Exchange on the 10th, KT's foreign stake was 45.64%, up 2.88% points from the beginning of the year (42.76%). Foreigners have bought 34.6 billion won worth of stocks over the past month (March 8 to April 9) in anticipation of a "corporate value-up program." KT shares fell 6.06% during the period.
Telecom stocks, including KT, are foreign investment-restricted items that foreigners can buy up to 49%.
Alphabiz Kim Minyoung (kimmy@alphabiz.co.kr)
