Tobacco company KT&G is drawing global investors’ attentions as its first-quarter overseas sales reached a record high while its shareholder-friendly dividend policy also continued to gain favorable reviews. The company said Sunday that Capital Group, one of the world’s largest global asset management firms, earlier this month acquired a 5.61 percent stake in KT&G through its subsidiary, Capital Research and Management Company. It came just four months after BlackRock, the world’s largest asset manager, secured more than a 5 percent stake in KT&G in January. KT&G has recently seen a steady increase in foreign ownership. Foreign investors posted net purchases for 22 consecutive trading days starting April 9 through Tuesday. During this period, they acquired more than 1.03 million shares, raising their ownership stake by 0.96 percentage point. As of Tuesday, the number of foreign-held KT&G shares had increased 3 percent from the beginning of the year. Given that Korea’s stock market is concentrated on the semiconductor sector, continued foreign investment in KT&G shares reflects t
