,
, ‘The government has concluded that Hyundai Motor Group can maintain its position as the largest shareholder of KT.’,
,
, ‘The Ministry of Science and ICT announced that the application for the change in the largest shareholder of KT was approved by the Public Interest Review Committee on the 19th.’,
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, ‘The committee considered that there will be no change in business activities after the change in the largest shareholder of KT, and that Hyundai Motor Group became the largest shareholder involuntarily without additional share acquisition and without the intention of participating in management for investment purposes only.’,
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, ‘Furthermore, the committee concluded that this change in the largest shareholder will not have a negative impact on the public interest, considering factors such as the difficulty of Hyundai Motor Group to exercise substantial management rights with the current stake.’,
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, ‘According to the Telecommunications Business Act, in order to become the largest shareholder of a periodical telecommunications operator, a public interest review by the Ministry of Science and ICT is required. If there is a determination that it may harm the public interest in this review, the Ministry can impose disadvantages such as selling shares, suspending implementation, or suspending voting rights.’,
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, ‘As of the end of June, Hyundai Motor Group, which holds 8.07% of KT shares, became the largest shareholder of KT in March when the National Pension Service, the previous largest shareholder, disposed of some of its KT shares.’,
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, “In the process of pursuing future mobility business cooperation with KT in September 2022, Hyundai Motor Group acquired KT shares through a share swap. At that time, the investment purpose was specified as ‘general investment’ rather than ‘management participation.'”, ‘article_split’,
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