KT&G CORP GDR 144A - KTCIY STOCK NEWS

Korea Ginseng Corp introduces a new hydrating sparkling ginseng drink at the Ginseng Museum Café in NYC and retail stores. The company aims to modernize Korean ginseng and expand its presence in the US. The summer menu includes Vital Punch, Sustainabili-Tea, and Rechargeabili-Tea. The café is an experiential destination store and plans to release the Ginseng Chino in powder form. The HSW beverage line features five different ginseng drinks, including sparkling varieties. Korea Ginseng Corp is expanding its US business and opened a US R&D center in March.

Korea Ginseng Corp., the world's leading ginseng brand, partnered with the Coalition for Asian Pacifics in Entertainment (CAPE) to sponsor the Radiance awards event on March 21, 2023. This event celebrated Asian, Pacific Islander, and non-binary women's achievements in entertainment. KGC donated approximately $20,000 in products, including its KORESELECT brand, which launched in the U.S. in April 2022. KORESELECT blends ancient herbal wisdom with modern nutrition, offering natural wellness solutions. CEO Heung-sil Lee emphasized KGC's commitment to supporting CAPE's mission and recognizing influential cultural creators.

KT&G Corporation (OTC-PINK: KTCIY) held its 36th Annual General Meeting of Shareholders on March 28, 2023, in Daejeon, South Korea. All board proposals were approved, including a cash dividend of KRW 5,000 per share. Proposals from some shareholders for higher dividends and amendments to the Articles of Incorporation were rejected. The number of outside directors will remain at six, with reappointments for Kim Myung-chul and Koh Yun-sung. CEO Baek Bok-in emphasized a commitment to enhancing shareholder value through long-term investments and expanding into overseas markets, aiming to establish KT&G as a 'global top-tier' company.

Korea Ginseng Corp. has announced the opening of its new U.S. R&D center, marking a significant step in its strategy to broaden its global health food portfolio. The center will focus on developing products tailored to the American consumer, highlighted by the recent launch of HSW herbal beverages and KORESELECT products. Additionally, the company is enhancing its marketing efforts, appointing actress Arden Cho as the new brand ambassador. With a forecasted growth of the global dietary supplement market to USD 327.4 billion by 2030, Korea Ginseng aims to capitalize on increasing demand for functional foods in the U.S.

Korea Ginseng Corp., the leading ginseng brand globally, has partnered with Hollywood actress Arden Cho to promote its new advertising campaign titled 'The Secret to My Health and Beauty'. Scheduled to launch in mid-March, the campaign aims to boost brand awareness in the U.S. market. The company is expanding its product line with the introduction of HSW, a new range of Korean red ginseng beverages, during New Product Expo West 2023. Korea Ginseng Corp. has established an American R&D center to enhance its position as a prominent health brand in the U.S., building on its legacy since 1899.

Korea Ginseng Corp., the leading ginseng brand, is expanding its Koreselect product line with six new herbal supplements aimed at enhancing mental and physical health. This launch addresses a growing consumer demand for natural wellness solutions, amplified by the COVID-19 pandemic, which has heightened awareness of self-care among younger generations. The new ingredients include Ashwagandha, Elderberry, Beet Root, Milk Thistle, Ginseng, and Probiotics, each with specific health benefits. The push for these supplements reflects changing consumer priorities towards holistic health management.