The stock price of KT, which has broken the 50,000 won barrier for the first time in 15 years, has reached a new annual high.
As of 9:10 a.m. on the 20th, KT is trading at 50,800 won, up 100 won (0.2%) from the previous trading day. The stock price rose to 51,000 won early in the session, hitting a new annual high.
The background for the rise in KT's stock price is attributed to the attractive shareholder return driven by a recovery in operating profit. KT announced a value-up program last November. The goal is to raise the consolidated return on equity (ROE) to 9-10% by 2028.
Kim Hwae-jae, a researcher at DAISHIN SECURITIES, noted that "it is expected to recover to an operating profit of 2 trillion won for the first time in 15 years, and shareholder returns are attractive," adding that "the exhaustion of foreign investor limits is not a supply-demand burden but an increase in attractiveness."