Largest Shareholder's Share Count Halved Due to Stock Split, Ownership Stays at 50.06%

Korea Steel reported a change in largest shareholder holdings due to a 1:2 reverse stock split on April 16, 2026.
Largest shareholder Magic Holdings: shares decreased from 23,404,235 to 11,702,117 (ownership unchanged at 38.49%).
Related party Haram Logis: shares decreased from 5,828,103 to 2,914,051 (ownership unchanged at 9.59%).
Other executives and related parties (9 individuals) had their shares halved, individual ownership percentages unchanged.
Total shares held by largest shareholder and related parties decreased from 30,441,503 to 15,220,749, maintaining a total ownership of 50.06% with no change in control.