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Former researcher files $2 billion damages suit against KT&G over unrewarded e-cigarette invention

A former researcher at KT&G, the leading tobacco company in Korea, filed a damages suit Wednesday against his former employer, claiming that he invented the world s first electronic cigarette while working for the firm, but was not properly rewarded. ....

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Korea's dominant cigarette maker KT&G shareholders approve Bang Kyung-man as new CEO

KT&G, Korea s dominant cigarette maker, on Thursday appointed Senior Executive Vice President Bang Kyung-man as its new chief executive after shareholders endorsed his nomination at an annual meeting. ....

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KT&G shareholders approve CEO nominee despite opposition from IBK, FCP

KT&G succeeded in appointing Senior Executive Vice President Bang Kyung-man as its new CEO, Thursday, overcoming opposition from the Industrial Bank of Korea (IBK), its largest shareholder, and the activist fund Flashlight Capital Partners (FCP), as well as from Institutional Shareholder Services, the world’s leading proxy adviser. ....

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KT&G to build tobacco factory in Kazakhstan

KT&G has launched construction of a new factory in Kazakhstan to expand its market in Eurasia, Korea s largest tobacco company said Thursday. ....

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KT&G receives highest credit rating of AAA

Tobacco and ginseng products maker KT&G received the highest credit rating of AAA from three major domestic rating agencies. That rating excludes financial and telecommunications companies. Korea Ratings, Korea Credit Rating and NICE Credit Rating announced the AAA rating, Sunday. Among private non-financial and non-telecommunications companies in Korea, KT&G is the sole entity to receive an AAA credit rating. ....

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