KT Corporation's Business Improves, But Security Breach Counsels Caution (Rating Upgrade)

Core Insights - The article expresses a pessimistic view on KT Corporation, highlighting that the stock's rise is based on the perception of telecom stocks as a safe investment despite disappointing results in fiscal year 2024 [1] Company Analysis - KT Corporation's stock performance is being influenced by a broader trend where telecom stocks are seen as a flight to safety, which may not reflect the company's underlying financial health [1] Industry Context - The telecom industry is experiencing a shift where investors are gravitating towards perceived safe havens, but this may not be sustainable given the disappointing fiscal results reported by companies like KT Corporation [1]