KT&G's reported a 1.5 percent rise in operating profit in 2024 driven by growth in international sales.
KT&G held a ceremony to celebrate the expansion of its factory in Turkey as it seeks to bolster its presence in the North African, Central and South American markets.
KT&G received strong credit ratings from S&P Global and Moody's on the back of high business stability and its dominant market position.
KT&G announced Monday it awarded scholarships to 33 Korea Institute of Science and Technology (KIST) students, with international students from six countries also among the recipients.
KT&G plans significant buybacks and dividends, targeting a 15 percent ROE by 2027.
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.
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