Shinhan Bank agreed to acquire a 5.46% stake in KT Corporation for approximately KRW 440 billion.

Shinhan Bank agreed to acquire a 5.46% stake in KT Corporation (KOSE:A030200) for approximately KRW 440 billion on January 17, 2022. In a related transaction, KT Corporation agreed to acquire a 2.1% stake in Shinhan Bank for approximately KRW 440 billion on January 17, 2022.