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KT&G showcased its cigarette products at the 2024 TFWA World Exhibition in Cannes.
With new hiring expected to total around 1,000, the production site symbolizes the Korean tobacco producer’s ambition to expand beyond its home turf.
Tobacco company KT&G posted an operating profit hike of 30.6 percent from April to June with 321.5 billion won.
KT&G partnered with PMI to submit a premarket application for lil heat-non-burn cigarettes in the United States.
Activist fund Flashlight Capital Partners (FCP) on Thursday proposed changes in the compensation system for the chief executive of Korea's dominant tobacco company KT&G.
KT&G's new CEO attended a groundbreaking ceremony for the company's second and third Indonesian factories in his first official overseas engagement since stepping into the role.
Bang Kyung-man, who has been at the company since 1998 in several roles, prevailed despite opposition from the firm's largest shareholder.
The biggest shareholder of KT&G has said it opposed a nomination for chief executive of Korea's dominant cigarette maker, citing falling profitability and dubious business practices during the nominee's tenure as a board member.
Bang Kyung-man got the nod from the recommendation committee and awaits approval at the general shareholders' meeting in March.
KT&G has been investigated by the U.S. Department of Justice and the Food and Drug Administration since 2021 for allegedly omitting information on harmful tobacco substances in its products launched in the United States.
Korea JoongAng Daily Sitemap