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KT&G reported its financial results for the first quarter of 2024, with consolidated revenue of KRW 1.292 trillion and operating profit of KRW 236.6 billion. While the NGP and overseas cigarette sectors showed robust performances, the company faced a decrease in revenue and operating profit YoY due to global inflation and completion of real estate projects. However, KT&G anticipates a turnaround in the second half of the year under new CEO Kyung-man Bang's leadership, focusing on core business areas and business transformation.
Korea Ginseng held an international seminar at the International Conference on the Science of Botanicals (ICSB) about Korean red ginseng in the U.S. The seminar showcased scientific research on the safety, efficacy, and neuroprotective insights of Korean red ginseng. Key speakers included experts from Taiwan, the U.S., and Korea, presenting results of studies confirming the benefits of Korean red ginseng. The seminar highlighted the safety of red ginseng as a food ingredient and dietary supplement, emphasizing its role in improving circulation, immunity, and cognitive function. KGCUS plans to continue scientific research and develop customized products for the U.S. market, aiming to promote the excellence of Korean red ginseng to American consumers.