Tag: KT&G

KT&G sales resilient

KT&G sales resilient

| January 13, 2017

The imposition of graphic health warnings on cigarettes sold in South Korea is expected to knock KT&G’s domestic sales initially, but they are expected to rebound before the end of the year.

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Prosecutors raid KT&G over alleged corruption

Prosecutors raid KT&G over alleged corruption

| October 5, 2015

Prosecutors announced on Oct. 2 that they have raided the headquarters of KT&G, South Korea’s leading tobacco maker, due to allegations that the company created slush funds in the process of taking over other companies, according to The Korea Herald. The office of Min Young-jin, the former head of KT&G Corp., as well as that […]

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Price hikes result in KT&G profit surge

Price hikes result in KT&G profit surge

| April 24, 2015

KT&G’s first-quarter operating profits and revenue have increased significantly compared to the same period last year, due to price hikes and improvements in its affiliates’ performances, according to a story in the Korea JoongAng Daily. South Korea’s No. 1 cigarette and ginseng company’s operating profit increased by nearly 65 percent year-on-year to krw428.5 billion ($395 […]

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