KT&G (CEO Baek Bok-in) has obtained the highest grade 'AAA (Stable)' in all three major domestic corporate credit ratings: Korea Ratings, Korea Credit Rating, and NICE Credit Rating.

After obtaining the corporate credit rating (ICR) 'AAA' from Korea Ratings on the 25th, the company subsequently acquired 'AAA' ratings from both Korea Credit Rating and NICE Credit Rating. Among domestic private companies excluding financial and telecommunications companies, KT&G is the only company to achieve a corporate credit rating of 'AAA'.

The corporate credit rating agencies have assessed KT&G's business stability as extremely excellent based on its high market position in key business sectors. The agencies have given high evaluations to the company's solid domestic market dominance, built on its long history, high brand recognition, as well as its strong presence in the global tobacco and e-cigarette industries.

Furthermore, with plans for dividend payments, share buybacks, and investments aimed at shareholder returns and expanding domestic and international production facilities, it is expected that KT&G will maintain excellent financial stability by ensuring smooth cash generation to meet funding requirements in the future.

A KT&G representative stated, "Amid increased uncertainties in both domestic and international markets, such as recent interest rate hikes, many companies have faced challenging business environments. In this context, we believe that KT&G's achievement of the highest 'AAA' rating from the three credit rating agencies is a 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 our excellent creditworthiness, and make every effort to ensure financial stability in the future."

(Photo Caption) KT&G logo