KT&G Archives | Be Korea-savvy
KT&G, PMI Extend Partnership for E-cigarette Presence in Global Markets

KT&G, PMI Extend Partnership for E-cigarette Presence in Global Markets

SEOUL, Jan. 30 (Korea Bizwire) — KT&G Corp., South Korea’s dominant tobacco company, said Monday it has extended its partnership with Philip Morris International Inc. (PMI) to strengthen its presence in global e-cigarette markets. KT&G and PMI have signed a 15-year supply contract, in which the former will distribute its e-cigarette product line Iil through [...]

KT&G to Add New Heat-not-burn Products in S. Korea

KT&G to Add New Heat-not-burn Products in S. Korea

SEOUL, Nov. 9 (Korea Bizwire) — KT&G Corp., South Korea’s dominant tobacco company, said Wednesday it will add all-new heat-not-burn products in the domestic market to diversify its cigarette-focused lineup. KT&G will release the lil ABLE heat-not-burn, or smokeless tobacco products, and its premium version lil ABLE PREMIUM initially for local customers on Nov. 16, [...]

KT&G Suspends Tobacco Business in U.S. amid Growing Regulations

KT&G Suspends Tobacco Business in U.S. amid Growing Regulations

SEOUL, Dec. 15 (Korea Bizwire) — KT&G Corp., South Korea’s dominant tobacco company, will suspend its tobacco business in the United States for an unspecified period, the company said in a regulatory filing Tuesday. “We need to conduct a review of our business in the U.S. amid intensifying regulations over tobacco and growing competition,” the [...]

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 [...]