Capital Group lifts KT&G ownership to 8.2%

KT&G said Friday that Capital Research and Management Company has raised its stake in the cigarette maker to 8.22 percent, extending a run of purchases that signal growing foreign confidence in its overseas growth.

The US asset manager now holds about 8.53 million KT&G shares, up from 7.21 percent in June and 5.61 percent in May, according to regulatory filings.

The latest disclosure shows Capital Group has added roughly 1 million shares since its previous filing.

"The steady stake increases fro ...