KT&G Wins Korea AAA Credit Rating
KT&G has received the highest AAA credit rating in Korea. Among private companies in the country outside the financial and telecom sectors, KT&G is the only company to have been awarded an AAA corporate credit rating. Based on KT&G's strong market positio
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KT&G has received the highest AAA credit rating in South Korea.
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Among domestic private enterprises, excluding financial and telecommunications companies, KT&G is the only company to receive an AAA corporate credit rating.<\/span><\/div>
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Based on KT&G's strong market position in key business areas, credit rating agencies have assessed the company's business stability as extremely excellent. These agencies highly evaluate the company's solid domestic market dominance due to its long history, high brand recognition, and strong influence in the global tobacco and e-cigarette industry.<\/span><\/div>
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Additionally, through dividend payments, stock buybacks, and investments aimed at shareholder returns, as well as plans to expand domestic and international production facilities, KT&G is expected to maintain good financial stability by ensuring smooth cash generation to meet future financing needs.<\/span><\/div>
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A representative from KT&G stated: "In the context of increasing uncertainties in domestic and international markets, such as recent interest rate hikes, many companies are facing a challenging operating environment. In this context, we believe that KT&G's receipt of the highest AAA rating from the three major credit rating agencies is recognition of our company's stability and profitability by external entities." They further added: "We will continue to strive to maintain a stable financial structure based on good credit and do everything possible to ensure future financial stability."<\/span><\/div>
