trending Market Intelligence /marketintelligence/en/news-insights/trending/T4X51F1J0UFjeYkaLC5w2A2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Report: Japan Tobacco sells 2.1% stake in South Korea's KT&G

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform

Report: Japan Tobacco sells 2.1% stake in South Korea's KT&G

Japan Tobacco Inc. sold its 2.1% stake in Korea Tobacco & Ginseng Corp., Pulse reported Dec. 4, citing investment banking sources.

Sources reportedly told the news site that Citigroup Global Markets identified investors to sell the Tokyo-based company's 2,864,094 shares for 94,000 South Korean won apiece in a block deal. Proceeds from the sale are expected to reach 269.4 billion won.

The move marks an end to Japan Tobacco's decadelong partnership with Korea Tobacco & Ginseng, or KT&G, the report added. The reason for the sale, which came at a 2.8% discount to KT&G's closing share price on Dec. 3, was not revealed.

Experts reportedly said Japan Tobacco may no longer have an incentive to maintain the partnership since it moved its former Korean production to the Philippines in 2017. Others suggested that the company could be trying to boost its balance sheet following a number of acquisitions over the past three years.

Japan Tobacco and KT&G did not immediately respond to S&P Global Market Intelligence's request for comment.

As of Dec. 3, US$1 was equivalent to 1,190.46 South Korean won.