Welcome to our dedicated page for KT&G news (Ticker: KTCIY), a resource for investors and traders seeking the latest updates and insights on KT&G stock.
KT&G CORP GDR 144A reports news centered on KT&G Corporation’s tobacco, next generation products and shareholder-return programs. Company updates frequently cover global cigarette sales, domestic NGP products such as lil AIBLE, factory and local value-chain expansion, pricing, earnings growth and capital actions including dividends, share repurchases and treasury-share cancellations.
Recurring governance items include annual general meeting agendas, director and audit committee appointments, articles of incorporation amendments and board oversight. News tied to the group also covers nicotine pouch collaboration discussions and health functional food activity, including JungKwanJang red ginseng products and Korea Ginseng Corp. natural-products research.
The COVID-19 pandemic has transformed Family Month in Korea, shifting traditions to online gift-giving. Parents' Day, a key holiday, sees children prioritizing health gifts like red ginseng over cash. A recent survey revealed that about 60% of Millennials and Gen Z prefer health food gifts. Red ginseng, recognized for its immunity-boosting properties by the Ministry of Food and Drug Safety, dominates the market with CheongKwanJang holding 70% share. Sales of their products surged 70–80% in May, reflecting a growing focus on health amid the pandemic.
The Korea Society of Ginseng unveiled research indicating that red ginseng significantly alleviates fatigue and stress, notably post-COVID-19. The study, presented on April 21, 2022, highlighted that individuals recovering from coronavirus experienced prolonged fatigue. A controlled study involving 76 participants showed those consuming red ginseng reported less fatigue compared to a placebo. Another study confirmed its effectiveness in cancer patients undergoing chemotherapy. Additionally, antiviral properties against COVID-19 were noted, suggesting red ginseng could aid recovery from lingering symptoms.
Korea Ginseng Corporation (KGC), the world's leading ginseng brand, has launched its KORESELECT line in the U.S. market as of April 1, 2022. The KORESELECT products, made from six-year-grown red ginseng, aim to enhance health and wellness by promoting blood circulation, boosting stamina, and supporting immunity. The line features five product categories: Immune, Energy, Wellness, Balance, and Stamina, all free from GMOs and artificial additives. KGC, established in 1899, is renowned for its high-quality Korean Red Ginseng, recognized for its efficacy.
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KGC (Korea Ginseng Corp.) has introduced the 'World Map of Red Ginseng', showcasing bestsellers by country from overseas sales in 2021. The stick-type product 'Everytime' topped sales in six Asian regions, including Japan. Global demand is rising, driven by health interests and K-drama influence. KGC's overseas sales increased by 4.8% in 2020 compared to 2019, with a 20% year-to-date rise in Q3 2021. The company is boosting online sales through e-commerce channels and aims to promote red ginseng worldwide.
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The SIITA research team has developed a groundbreaking system to completely degrade plastic waste, achieving a zero-waste goal. The new technology significantly reduces the decomposition period for bioplastics from over six months to approximately three months. Utilizing self-generated energy, the system maintains optimal conditions for microbial activities. The eco-friendly compost produced meets safety standards and can be used in agriculture. SIITA plans to share its technology freely to expedite solutions to global plastic problems.
On September 14, 2021, CheongKwanJang, a leading red ginseng brand under KGC, opened the world's first Ginseng Museum Cafe in Manhattan, New York. This innovative venue combines a museum and cafe, offering visitors insights into the history, cultivation, and benefits of Korean ginseng. With rising interest in immunity, especially during the COVID-19 pandemic, sales of CheongKwanJang products on Amazon have tripled compared to last year. The cafe aims to enhance awareness of Korean ginseng's premium value and efficacy among Americans and global visitors.