LG Uplus Stake in KT Genie Music Falls by 4.6 Million Shares After Merger
LG Uplus now holds 1,161,548 KT Genie Music shares, a 9.99% stake, following the October 7 stock merger.
LG Uplus disclosed that its shareholding in KT Genie Music decreased by 4,646,196 shares as a result of a stock merger on October 7, 2026, according to a filing reported by digitaltoday.co.kr.
As of October 14, 2026, LG Uplus holds 1,161,548 KT Genie Music shares, a 9.99% stake in the music streaming platform operator.
KT Genie Music's stock price stood at 1,055 won as of 4:50 PM on October 14, 2026.
LG Uplus previously held 5,807,744 KT Genie Music shares, also a 9.99% stake, as of May 26, 2023.
For the fiscal year ending December 2025, KT Genie Music reported total assets of 322.4 billion won, total liabilities of 115.4 billion won, and total equity of 207.1 billion won. The company posted revenue of 302.9 billion won, operating profit of 16.2 billion won, and a net loss of 18.5 billion won for that year. KT Genie Music was listed on the KOSDAQ market on July 20, 2000.
Quick answers
How many KT Genie Music shares does LG Uplus hold?
As of October 14, 2026, LG Uplus holds 1,161,548 KT Genie Music shares, a 9.99% stake.
Why did LG Uplus's stake in KT Genie Music decrease?
The decrease of 4,646,196 shares was due to a stock merger on October 7, 2026.
What was KT Genie Music's stock price on October 14, 2026?
The stock price was 1,055 won as of 4:50 PM on October 14, 2026.