KT Studio Genie's KT Genie Music Stake Falls by 16.7 Million Shares
The shareholder disclosed a decrease to 4,180,902 shares after a stock consolidation, with its ownership ratio unchanged.
KT Studio Genie Co., Ltd. disclosed on October 14, 2026 that its shareholding in KT Genie Music decreased by 16,723,612 shares, according to digitaltoday.co.kr. KT Studio Genie holds more than 10% of KT Genie Music.
Under the ownership report, the holding went from 20,904,514 shares on November 5, 2021 to 4,180,902 shares on October 14, 2026, while the stake remained at 35.97%. The 16,723,612 common shares decreased on October 7, 2026, leaving the final holding at 4,180,902 shares.
The reason given for the change was a stock consolidation (reverse stock split), meaning the decline reflects a reduction in the number of shares rather than a change in the ownership percentage.
KT Genie Music, which operates a music streaming platform, listed on the KOSDAQ market on July 20, 2000, in the video and audio content provision services sector. Its share price stood at 1,055 won as of 6:31 PM on October 14.
For the fiscal year ended December 2025, KT Genie Music reported consolidated total assets of 322.4 billion won, total liabilities of 115.4 billion won and total equity of 207.1 billion won. Revenue came to 302.9 billion won, with operating profit of 16.2 billion won and a net loss of 18.5 billion won.
Quick answers
Why did KT Studio Genie's KT Genie Music stake decrease?
The decrease of 16,723,612 shares followed a stock consolidation, or reverse stock split, on October 7, 2026. The ownership ratio remained 35.97%.
How many KT Genie Music shares does KT Studio Genie hold?
According to the ownership report, KT Studio Genie held 4,180,902 shares as of October 14, 2026.
When did KT Genie Music list on KOSDAQ?
KT Genie Music listed on the KOSDAQ market on July 20, 2000, in the video and audio content provision services sector.