Korea Tobacco & Ginseng Corporation
South Korean tobacco company / From Wikipedia, the free encyclopedia
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KT&G Corporation (Korean: 주식회사 케이티앤지), originally Korea Tobacco & Ginseng, is the leading tobacco company in South Korea with annual sales over US$4 billion. KT&G was originally a government-owned monopoly but was privatized and today is publicly traded, competing for market share with other international tobacco firms such as Philip Morris International, British American Tobacco, and Japan Tobacco.[5] KT&G's sales volume share was 62% of the Korean market in 2009.[7]
Native name | 주식회사 케이티앤지 |
---|---|
Formerly | Korea Tobacco & Ginseng Corporation |
Company type | Public |
KRX: 033780 | |
Industry | Tobacco |
Predecessor | Korea Monopoly Corporation |
Founded | April 1989; 35 years ago (1989-04) |
Headquarters | , South Korea |
Key people | Bok-In Baek (President & CEO)[1] |
Products | Cigarettes |
Revenue | USD 3.9 billion [2] (2018) |
USD 1.07 billion [2] (2018) | |
Total assets | USD 10.1 billion [3] (2018) |
Subsidiaries | KGC Yungjin Pharm |
Footnotes / references [4][5][6] |
KT&G also owns significant subsidiaries such as Korea Ginseng Corporation, Yungjin Pharm (a pharmaceuticals company), and several bio ventures. Its headquarters are in Daejeon.