Key points:
- KT&G plans to strengthen its overseas market and NGP business, seeking new growth drivers.
- KT&G will continue to expand its shareholder return policy to increase shareholder value.
- By amending the bylaws to introduce a centralized voting system to more accurately reflect the shareholders' wishes.
According to V.daum report on March 26th, Bang Kyung, the CEO of KT&G, stated at the 38th regular shareholders' meeting held on that day that KT&G will expand its overseas tobacco business and strengthen its operational strategy centered around shareholder value.
“The year 2025 is an important period for ensuring future growth momentum. We will focus on overseas businesses with high growth potential, strengthen the competitiveness of our core operations, and maximize profits.”
He also mentioned that there will be new growth opportunities in the Next Generation Products (NGP) business.
“The NGP business will seek new future growth drivers through sustained challenges in different fields within the non-combustible category.”
Bang Kyung also expressed a willingness to expand the shareholder return policy. At the shareholders' meeting, KT&G passed resolutions on amending the articles of association, approving financial statements, and appointing directors. The proposal to amend the articles of association to elect representative directors through a concentrated voting system was also approved.
In response, KT&G explained that the concentrated voting system can prevent candidates from being elected without receiving majority support, in order to more accurately reflect the shareholders' preferences and ensure the stability of the company's operations.
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