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 [...]