Korea:033780

Korea Ginseng Corporation Held a Dedicated International Seminar at the International Conference on the Science of Botanicals (ICSB) About Korean Red Ginseng in the United States

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화요일, 4월 30, 2024
Science, FDA, Food, Deficit spending, Food safety, Brain, Inflammation, KGC, Conference, China Medical University, Pharmacy, National Science Foundation, Konkuk University, Chili pepper, Safety, NIH, Hospital, Health, Research, Taste, USDA, Fatigue, Alzheimer's disease, Risk assessment, Medical school, GRAS, University, NSF, Patient, Immunity, Dietary supplement

CERRITOS, Calif., April 30, 2024 /PRNewswire/ -- Korea Ginseng Corp. US (KGCUS) aka JungKwanJang held a dedicated international seminar session on "Korean Ginseng: Safety, Efficacy And Neuroprotective Insights'' at the International Conference on the Science of Botanicals (ICSB) hosted by the National Center for Natural Products Research (NCNPR). The conference is held annually at the Oxford Conference Center in Mississippi to bring together international leaders in the research, development, testing, regulation, and commercialization of botanical ingredients used for human health. From April 15th to 18th, approximately 400 attendees including government officials from the U.S. Food and Drug Administration (FDA), the U.S. Department of Agriculture (USDA), the National Science Foundation (NSF), and the National Institute of Health (NIH), university professors, researchers, and buyers partook in ICSB this year. 

Key Points: 
  • US (KGCUS) aka JungKwanJang held a dedicated international seminar session on "Korean Ginseng: Safety, Efficacy And Neuroprotective Insights'' at the International Conference on the Science of Botanicals (ICSB) hosted by the National Center for Natural Products Research (NCNPR).
  • Through the seminars, attendees were able to gain insight into the safety and the significant benefits of Korean red ginseng.
  • The "Korean Ginseng: Safety, Efficacy And Neuroprotective Insights" seminar consisted of presentations of scientifically proven research on the various efficacies of Korean red ginseng, where researchers from Korea, the United States, and Taiwan presented their results.
  • The company, Korean Ginseng Corporation, has conducted animal toxicity testing and numerous clinical trials with their red ginseng extract.

KT&G appoints Kyung-man Bang as new CEO at the 37th Annual General Meeting of Shareholders

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목요일, 3월 28, 2024
KT, Growth, KT&G, Trust, Headquarters, AGM, Brand management, Professional, Multimedia, Work, Audit committee, Management

SEOUL, South Korea, March 28, 2024 /PRNewswire/ -- KT&G Corporation ("KT&G" or the "Company") (KRX:033780) held its 37th Annual General Meeting of Shareholders ("AGM") on March 28, 2024 at KT&G Human Resources Development Center in Daejeon, South Korea, and appointed Kyung-man Bang as President (CEO) and Representative Director.

Key Points: 
  • Kyung-man Bang was elected President with overwhelming shareholder support, winning the highest number of votes.
  • The election of CEO and Outside Director was conducted jointly through combined cumulative voting as per shareholder request, with the aim of protecting minority shareholder rights.
  • Furthermore, Mr. Bang introduced 'T-O-P strategy', a new business strategy designed to propel KT&G towards its 'Global Top-tier' vision.
  • Mr. Bang has been recognized as the most qualified candidate to guide KT&G towards achieving its 'Global Top-tier' vision.

Korea Ginseng Corporation Revealed 'EVERYTIME' in New Grapefruit Flavor & 'Rev Your Life' Campaign at 2024 Natural Products Expo West

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월요일, 3월 18, 2024
Research, Health, Taste, System, Patient, Food, Ginseng, Drink, Vasodilation, Heart, Snack, Marketing, Movement

At the 2024 Natural Products Expo West, JungKwanJang, the world's number one ginseng brand, unveiled a new grapefruit flavor for the global representative ginseng product EVERYTIME to redefine industry standards.

Key Points: 
  • At the 2024 Natural Products Expo West, JungKwanJang, the world's number one ginseng brand, unveiled a new grapefruit flavor for the global representative ginseng product EVERYTIME to redefine industry standards.
  • Ginseng, a revered medicinal ingredient, has a rich history spanning over 2,000 years and is celebrated for its disease-prevention and health-boosting properties.
  • Along with the new EVERYTIME grapefruit flavor, JungKwanJang introduced their 2024 marketing slogan 'Rev Your Life' at NPEW.
  • The Natural Products Expo West was an exciting and successful showcase for JungKwanJang's latest product this year.

KT&G CEO and CEO nominee meet with PMI CEO to discuss the two companies' global partnership

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금요일, 3월 15, 2024
KT, Growth, KT&G, Partnership, NGP, PMI, Smoker, Multimedia, Management

SEOUL, South Korea, March 15, 2024 /PRNewswire/ -- KT&G Corporation's ("KT&G") (KRX:033780) CEO Bok-in Baek and CEO nominee Kyung-man Bang convened a meeting with Philip Morris International Inc.'s ("PMI") CEO Jacek Olczak on March 12, 2024 at the KT&G headquarters in Seoul, South Korea to discuss the two companies' global partnership. The meeting was attended not only by the CEOs of both companies but also by Kyung-man Bang, who was newly appointed as the KT&G CEO nominee on February 22, 2024. Mr. Bang's participation resulted in sharing of the long-term roadmap and vision of the partnership.

Key Points: 
  • The meeting was attended not only by the CEOs of both companies but also by Kyung-man Bang, who was newly appointed as the KT&G CEO nominee on February 22, 2024.
  • Mr. Bang's participation resulted in sharing of the long-term roadmap and vision of the partnership.
  • KT&G and PMI particularly focused on reviewing the achievements of their partnership over the past four years.
  • Going forward, we will strive to secure our future growth momentum and propel the company into global top-tier position by building on the collaboration with PMI."

KT&G CEO candidate Kyung-man Bang receives positive evaluations from major financial institutions

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월요일, 3월 4, 2024
KRW, KOSPI, KT, Senior, Share repurchase, Shareholder, Multimedia, Brand management, Growth, Headquarters, Disclosure, Treasury, Morgan Stanley, Management

SEOUL, South Korea, March 4, 2024 /PRNewswire/ -- Major financial institutions, such as Morgan Stanley and Meritz Securities have recently published analyst reports offering positive evaluations of Kyung-man Bang, KT&G's CEO candidate. His official appointment is pending approval at the upcoming Annual General Meeting of Shareholders scheduled for March 28, 2024, as per the company's recent disclosure.

Key Points: 
  • - Morgan Stanley and Meritz Securities expect Mr. Bang's appointment to drive growth in core business areas and strengthen shareholder returns
    SEOUL, South Korea, March 4, 2024 /PRNewswire/ -- Major financial institutions, such as Morgan Stanley and Meritz Securities have recently published analyst reports offering positive evaluations of Kyung-man Bang, KT&G's CEO candidate.
  • Ultimately, the CEO Candidate Recommendation Committee selected Kyung-man Bang, the current Chief Operating Officer and Senior Executive Vice President of KT&G as the final CEO candidate on February 22, 2024.
  • The Governance Committee implemented open recruitment as one of the channels to form the CEO candidate pool, allowing individuals who meet the eligibility criteria to apply for the CEO position, and also accepted candidate recommendations from search firms.
  • Meritz Securities also issued an analyst report commenting that the company's long-term growth strategies and shareholder return policies would be strengthened once Mr. Bang is appointed CEO.

KT&G to hold the 37th Annual General Meeting of Shareholders

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수요일, 2월 28, 2024
KT, Multimedia, Supreme, Kookmin Bank, Risk management, Strategic planning, Samsung, South Korea, Communication, Industrial bank, Audit committee, KT&G, AGM, Knowledge, Annual, Korea University, Management

The Board also commended Mr. Bang for his substantial contributions to enhancing brand competitiveness both domestically and internationally through his exceptional analytic skills and strategic planning.

Key Points: 
  • The Board also commended Mr. Bang for his substantial contributions to enhancing brand competitiveness both domestically and internationally through his exceptional analytic skills and strategic planning.
  • The Board further recognized Mr. Bang's distinctive strategic planning and adept execution, which have significantly elevated corporate value and contributed to the achievement of robust business performance.
  • "We maintain close communication with all of our stakeholders including shareholders, about KT&G Group's future vision and growth strategies.
  • Our commitment to maximizing the interests of all shareholders and enhancing the future value of the company remains steadfast," the spokesperson added.

Kyung-man Bang, Senior Executive Vice President of KT&G, is selected as the final CEO candidate

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목요일, 2월 22, 2024
KT, Senior, Multimedia, Brand management, Strategic planning, Growth, Headquarters, MBA, Senior management, University, KT&G, Economics, Annual, Management

SEOUL, South Korea, Feb. 22, 2024 /PRNewswire/ -- The CEO Candidate Recommendation Committee of KT&G Corporation("KT&G" or the "Company") (KRX:033780) convened a meeting on February 22nd, and selected Kyung-man Bang, Senior Executive Vice President of KT&G, as the final CEO candidate.

Key Points: 
  • - KT&G CEO Candidate Recommendation Committee: "Mr. Bang is the most qualified candidate to drive KT&G to greater heights of a 'Global Top-tier' company"
    SEOUL, South Korea, Feb. 22, 2024 /PRNewswire/ -- The CEO Candidate Recommendation Committee of KT&G Corporation("KT&G" or the "Company") (KRX:033780) convened a meeting on February 22nd, and selected Kyung-man Bang, Senior Executive Vice President of KT&G, as the final CEO candidate.
  • On February 22nd, the CEO Candidate Recommendation Committee conducted comprehensive face-to-face interviews with the four candidates on the second shortlist, ultimately selecting Kyung-man Bang as the final candidate for the next CEO of KT&G.
  • Their conclusion highlighted Kyung-man Bang's qualifications and capabilities as meeting the requirements for the position of KT&G CEO.
  • The final four candidates were unveiled on February 16th after a thorough evaluation of the second shortlist by the CEO Candidate Recommendation Committee.

KT&G CEO Candidate Recommendation Committee finalizes the second shortlist of 4 candidates for the next CEO position

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금요일, 2월 16, 2024
KT, Senior, Multimedia, Samsung Electronics, Samsung, KT&G, AGM, Korea Ginseng Corporation, Annual, Former, Chairperson, Management

The committee will select the final CEO candidate next week, following in-depth interviews with each candidate

Key Points: 
  • The committee will select the final CEO candidate next week, following in-depth interviews with each candidate
    SEOUL, South Korea, Feb. 16, 2024 /PRNewswire/ -- The CEO Candidate Recommendation Committee of KT&G Corporation ("KT&G" or the "Company") (KRX:033780) convened a meeting on February 16th, and finalized the selection of 4 candidates to be included in the second shortlist for the next CEO position.
  • The committee plans to conduct intensive face-to-face interviews with each candidate on the second shortlist and name the final candidate next week, following the committee resolution.
  • After taking into account the impartial and objective opinions from the advisory panel composed of external experts, the Governance Committee selected the first shortlist and recommended the list to the CEO Candidate Recommendation Committee on January 31st, 2024.
  • "The CEO Candidate Recommendation Committee is fully committed to ensuring the transparency, fairness, and objectivity throughout the candidate assessment process, adhering to the principle of maximizing the interests of all shareholders and the future value of the company," said Myung-chul Kim, Chairman of the KT&G CEO Candidate Recommendation Committee.

KT&G Governance Committee finalizes the first shortlist of CEO candidates

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수요일, 1월 31, 2024
Multimedia, KT, Annual, Chairperson, Management

SEOUL, South Korea, Jan. 31, 2024 /PRNewswire/ -- The Governance Committee of KT&G Corporation("KT&G" or the "Company") (KRX:033780) finalized the first shortlist of KT&G CEO candidates on January 31st and recommended the finalized list to the CEO Candidate Recommendation Committee, formed on the same day. The first shortlist includes 4 external candidates and 4 internal candidates, bringing the total to 8 individuals.

Key Points: 
  • The Governance Committee held a series of 8 meetings since the end of last December to oversee the open recruitment for CEO candidates and conduct comprehensive assessments.
  • The CEO Candidate Recommendation Committee will carry out an in-depth assessment on 8 candidates from the first shortlist in order to ensure sufficient candidate validation and select the most suitable candidate for the CEO position.
  • Then, the CEO Candidate Recommendation Committee will conduct face-to-face interviews with the candidates on the second shortlist to thoroughly review each candidate.
  • "The Governance Committee selected the first shortlist by comprehensively considering the evaluation opinions from the advisory panel composed of reputable external experts, and recommended it to the CEO Candidate Recommendation Committee," said Myung-chul Kim, Chairman of the KT&G CEO Candidate Recommendation Committee.

KT&G Governance Committee resolves to finalize the longlist of CEO candidates

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목요일, 1월 11, 2024
Senior management, Chairperson, Multimedia, Mass meeting, Annual, KT, Management

SEOUL, South Korea, Jan. 11, 2024 /PRNewswire/ -- The Governance Committee of KT&G Corporation("KT&G" or the "company") (KRX:033780) convened the committee meeting on January 11th and finalized the longlist of KT&G CEO candidates, which comprises 24 individuals including 14 external candidates and 10 internal candidates. The incumbent CEO Bok-in Baek has been excluded from the list as he has expressed his intention not to seek reappointment on January 9th.

Key Points: 
  • We are committed to conducting an impartial and objective CEO appointment process," said Governance Committee Chairman
    SEOUL, South Korea, Jan. 11, 2024 /PRNewswire/ -- The Governance Committee of KT&G Corporation("KT&G" or the "company") (KRX:033780) convened the committee meeting on January 11th and finalized the longlist of KT&G CEO candidates, which comprises 24 individuals including 14 external candidates and 10 internal candidates.
  • Following the procedure, the Governance Committee plans to conduct a comprehensive assessment of the candidates who have been longlisted.
  • The committee will finalize the first shortlist of CEO candidates by the end of this month and recommend it to the CEO Candidate Recommendation Committee.
  • According to the company's current Articles of Incorporation, the incumbent CEO who has no intention of seeking reappointment can participate in the CEO Candidate Recommendation Committee.