Moody's may upgrade KT

Moody's Investors Service said it placed KT Corp.'s A3 ratings under review for possible upgrade.

The action has been prompted by an ongoing improvement in the underlying strength of KT's operating and financial performance and its ability to grow the fundamental business despite a highly penetrated domestic market, Moody's said.

The company continues to demonstrate a strong operating and financial profile and Moody's said it expects that KT can continue to maintain such a profile despite functioning in the highly competitive telecommunications and broadcasting space that is prevalent in South Korea.

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