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BlackRock boosts stake in KT&G as global interest rises in Korean tobacco giant
Summary by The Korea Times
1 Articles
1 Articles
BlackRock boosts stake in KT&G as global interest rises in Korean tobacco giant
Global capital is flooding into KT&G as a potent mix of robust overseas earnings and aggressive shareholder-return policies turns the Korean tobacco giant into a prime target for foreign investors. Leading the charge is BlackRock, the world’s largest asset manager, which recently deepened its bet on the company amid a broader surge in international demand. KT&G said Tuesday that BlackRock Fund Advisors had raised its stake in the company to 6.15…
·Seoul, Korea (the Republic of)
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Total News Sources1
Leaning Left1Leaning Right0Center0Last UpdatedBias Distribution100% Left
Bias Distribution
- 100% of the sources lean Left
100% Left
L 100%
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