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Incumbent Chief Reappointed to Lead KT&G for 3 More Years

Incumbent Chief Reappointed to Lead KT&G for 3 More Years

DAEJEON/SEOUL, March 16 (Korea Bizwire) – The current chief of KT&G Corp. was reappointed to head the South Korean tobacco maker for another three years, the company said Friday. Baek Bok-in’s reappointment was approved by a regular meeting of shareholders in Daejeon, central South Korea, earlier in the day, it said. The company is South Korea’s largest tobacco and ginseng product manufacturer, [...]

Local Gov’ts Feeling the Pinch as Smokers Switch to E-Cigarettes

Local Gov’ts Feeling the Pinch as Smokers Switch to E-Cigarettes

CHEONGJU, Jan. 5 (Korea Bizwire) — What on the surface appears to be good news actually has municipal governments worried. Last year, tobacco consumption tax revenues declined considerably, which may be interpreted by some as a sign of a healthier public who, deterred by a government-ordered price hike of around 80 percent, are willing to [...]

KT&G Launches Sales of New Tobacco-heating Device

KT&G Launches Sales of New Tobacco-heating Device

SEOUL, Nov. 21 (Korea Bizwire) — KT&G Corp. South Korea’s leading cigarette maker, on Monday officially began selling its new tobacco-heating device, amid growing popularity of heat-not-burn (HNB) products in the country. The new product, dubbed lil, heats up tobacco leaves without generating smoke using battery power, according to the company. KT&G said the 10,000 [...]

Preorders for Latest HNB E-Cig “Lil” Hit 10,000 in 2 Days

Preorders for Latest HNB E-Cig “Lil” Hit 10,000 in 2 Days

SEOUL, Nov. 15 (Korea Bizwire) – KT&G has exhausted its 10,000-unit supply of its HNB e-cigarette “Lil” within two days, according to the South Korean tobacco firm. Sold at GS25 convenience stores throughout the Seoul area, the pre-orders began on November 13 and ended around 5 p.m. the following day. Buyers can pick up their [...]

KT&G Challenges Philip Morris, BAT with HNB Tobacco Product “Lil”

KT&G Challenges Philip Morris, BAT with HNB Tobacco Product “Lil”

SEOUL, Nov. 7 (Korea Bizwire) – South Korean tobacco firm KT&G has thrown its hat into the HNB (heat-not-burn) tobacco product market with the release of “Lil”, unsettling market incumbents Philip Morris Korea and BAT Korea. A HNB tobacco product consists of an electronic device that, as its name suggests, heats tobacco sticks instead of [...]

KT&G to Release Heat-not-burn Tobacco amid iQOS Growing Popularity

KT&G to Release Heat-not-burn Tobacco amid iQOS Growing Popularity

SEOUL, Jun. 9 (Korea Bizwire) — KT&G Corp. said Thursday it will soon release heat-not-burn (HNB) cigarettes amid the growing popularity of the smoke-free tobacco despite concerns of the emissions of toxic substances similar to those of conventional cigarettes. The largest tobacco manufacturer in South Korea will begin marketing the new product in September, a [...]

KT&G Enjoys High Profitability Due to Strong Demand Abroad: Data

KT&G Enjoys High Profitability Due to Strong Demand Abroad: Data

SEOUL, March 14 (Korea Bizwire) – KT&G Corp., South Korea’s largest tobacco product manufacturer, said Tuesday it posted solid profitability last year due to growing demand abroad despite falling domestic consumption. The company said its sales rose to 2.96 trillion won (US$2.57 billion) in 2016, up from 2.82 trillion won in the previous year. The [...]