KT&G Corp

KT&G Corporation produces, distributes, and sells tobacco products in South Korea, Europe, and other international markets. Its offerings also include reconstituted tobacco sheets, red ginseng and red ginseng products, other health foods, food and beverage products, health functional foods, and cosmetics and related products. The company provides leaf tobacco cultivation support services and develops, manufactures, and distributes drugs, bio-pharmaceuticals, over-the-counter medicines, and medical supplies and equipment. It is also involved in trading, real estate, leasing, housing, and hotel development and management. Formerly known as Korea Tobacco and Ginseng Corporation, it changed its name to KT&G Corporation in December 2002. Founded in 1987, the company is headquartered in Daejeon, South Korea.

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KT&G second-quarter operating income rises 18.5%

KT&G reported second-quarter operating income of 414.452 billion Korean won, an 18.5% increase from 349.882 billion won a year earlier. Net income attributable to shareholders of the parent company surged 154.2% to 364.271 billion won, while sales rose 9.9% to 1.702 trillion won. For the first half, cumulative operating income climbed 22.6% to 778.988 billion won and cumulative sales grew 12.0% to 3.405 trillion won. Shares were trading at 182,700 won on the Korea Exchange, up 3.81%.

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