KT

Bionano Announces Publication Showing that OGM Identifies Genetic Aberrations in Sarcoma Samples that May Lead to Improved Diagnosis but were Missed by Classical Cytogenetics

Retrieved on: 
Wednesday, April 3, 2024

Sarcomas represent over 100 histological subtypes and are highly heterogenous in their genetic landscape and prognosis.

Key Points: 
  • Sarcomas represent over 100 histological subtypes and are highly heterogenous in their genetic landscape and prognosis.
  • The detection of SVs and CNVs remains challenging and typically requires multiple traditional cytogenetic techniques.
  • In this study, researchers demonstrated OGM’s ability to detect aberrations as small as 500 bp, which is approximately 10,000-fold higher resolution than that of KT.
  • As shown in this study, OGM can provide better characterization of the genomic complexity of sarcoma samples when compared to traditional cytogenetic techniques, due to the workflow’s high resolution and ​comprehensive, genome-wide analysis.

KT® Introduces KT Ice: A Revolutionary Product Series for Enhanced Performance and Recovery

Retrieved on: 
Tuesday, April 9, 2024

AMERICAN FORK, Utah, April 9, 2024 /PRNewswire/ -- KT®, the leading kinesiology tape brand, is proud to announce the launch of KT Ice, a groundbreaking series of products designed to revolutionize the way consumers prepare, perform, and recover from physical activity. The KT Ice series features a comprehensive range of products tailored to support individuals at every stage of their fitness journey.

Key Points: 
  • Additionally, menthol facilitates vasoconstriction, inhibits pain and inflammation channels, and enhances overall recovery, making it an invaluable component of the KT Ice series.
  • "The KT Ice series represents a paradigm shift in how individuals approach preparation, performance, and recovery," said Jessica Klodnicki, KT CEO.
  • "With the launch of the KT Ice series, KT® is proud to make clinically inspired recovery solutions available to the everyday active consumer.
  • The KT Ice series also introduces two new magnesium creams: KT HEALTH ACTIVATE and KT HEALTH RECOVER.

Flashlight Capital Partners Thanks Shareholders for its Victory

Retrieved on: 
Thursday, March 28, 2024

Flashlight Capital Partners Pte.

Key Points: 
  • Flashlight Capital Partners Pte.
  • “We view this appointment as a victory for all shareholders, irrespective of size or nationality," remarked Sanghyun Lee, Managing Partner of Flashlight Capital.
  • Prevent Illegal Treasury Share Giveaway: Prevent former CEOs from exerting undue influence as large shareholders behind the scenes.
  • Flashlight Capital remains committed to working collaboratively with KT&G’s management and board of directors to drive sustainable value creation and enhance shareholder returns.

ISS Recommends KT&G Shareholders Vote FOR a Board Candidate Endorsed by Flashlight Capital

Retrieved on: 
Thursday, March 14, 2024

Ltd (“Flashlight Capital”), a shareholder of KT&G Corporation (KRX: 033780) (“KT&G” or the “Company”), today announced that Institutional Shareholder Services Inc. (“ISS”), a leading independent proxy advisory firm, has recommended the Company's shareholders vote FOR a board candidate endorsed by Flashlight Capital at the Company’s 2024 Annual General Meeting of Shareholders (the “General Meeting”).

Key Points: 
  • Ltd (“Flashlight Capital”), a shareholder of KT&G Corporation (KRX: 033780) (“KT&G” or the “Company”), today announced that Institutional Shareholder Services Inc. (“ISS”), a leading independent proxy advisory firm, has recommended the Company's shareholders vote FOR a board candidate endorsed by Flashlight Capital at the Company’s 2024 Annual General Meeting of Shareholders (the “General Meeting”).
  • Sanghyun Lee, Managing Partner of Flashlight Capital, commented: "We are pleased that ISS has recognized the urgent need for shareholder-driven change at KT&G.
  • We encourage our fellow shareholders to waste no time and vote today, FOR director nominee Mr. Shon, (Item 3.3), and vote AGAINST KT&G’s proposed nominees (Items 3.1, 3.2 and 4).
  • Simply, please vote FOR item 3.3., and vote AGAINST all other management nominees (Items 3.1, 3.2 and 4).”
    FOREIGN SHAREHOLDERS WILL ENCOUNTER EARLY VOTING DEADLINES WITH SOME AS EARLY AS MARCH 14, 2024.

Flashlight Capital Partners to Host KT&G Shareholder Webinar for Mar 2024 AGM

Retrieved on: 
Monday, March 11, 2024

The webinar will feature a presentation by Flashlight Capital’s Managing Partner, Sanghyun Lee, who will discuss KT&G’s governance issues and also Flashlight Capital’s analysis on the profitability of KT&G’s export business.

Key Points: 
  • The webinar will feature a presentation by Flashlight Capital’s Managing Partner, Sanghyun Lee, who will discuss KT&G’s governance issues and also Flashlight Capital’s analysis on the profitability of KT&G’s export business.
  • On March 5, 2024, Flashlight endorsed IBK’s candidate for the upcoming KT&G AGM.
  • The relevant AGM agenda is #3-3: Appointment of Dong-Hwan Shon as Outside Director.
  • Flashlight recommends all shareholders to vote FOR #3-3, and against other candidates (#3-1 and #3-2).

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

Retrieved on: 
Thursday, March 28, 2024

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.

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

Retrieved on: 
Friday, March 15, 2024

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."

Flashlight Capital Endorses IBK’s Candidate on the Upcoming KT&G AGM

Retrieved on: 
Tuesday, March 5, 2024

Ltd (“Flashlight Capital”), a shareholder of KT&G Corporation (KRX: 033780) (“KT&G” or the “Company”), announced its endorsement of the director candidate proposed by Industrial Bank of Korea (“IBK”), the largest shareholder of KT&G.

Key Points: 
  • Ltd (“Flashlight Capital”), a shareholder of KT&G Corporation (KRX: 033780) (“KT&G” or the “Company”), announced its endorsement of the director candidate proposed by Industrial Bank of Korea (“IBK”), the largest shareholder of KT&G.
  • Flashlight Capital has withdrawn its director candidate from the 2024 AGM agenda.
  • “We share the same view that KT&G’s governance is in need of urgent repair,” said Sanghyun Lee, Managing Partner of Flashlight Capital.
  • “It doesn’t matter whose candidate gets elected, as long as a truly independent director secures a seat in the boardroom,” Lee commented.

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

Retrieved on: 
Monday, March 4, 2024

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

Retrieved on: 
Wednesday, February 28, 2024

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.