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KT&G Corporation (KRX:033780), known for its tobacco, ginseng, and herbal products, has recently faced an ISS recommendation to vote against its Board of Directors' proposals. KT&G expressed concerns about ISS' reliance on data provided by dissident shareholder Flashlight Capital Partners, impacting overseas business performance analysis. Additionally, ISS' recommendations against CEO nominee Kyung-man Bang and other candidates raise questions on CEO selection impartiality and Board-endorsed Outside Candidate director candidacy. KT&G emphasizes rigorous CEO selection processes and inconsistencies between ISS' recommendations and its proxy voting guidelines. Furthermore, discussions between ISS, FCP, and KT&G raised concerns over export business profitability data discrepancies, misinformation, and interactions. KT&G seeks to engage constructively with stakeholders, address concerns, and ensure shareholder value.
KGC's red ginseng brand, CheongKwanJang, has been ranked as the number one brand in the global ginseng retail market, boasting a 41.9% market share with sales of approximately USD 1.038 billion in 2022, marking its tenth consecutive year at the top.
The global ginseng retail market was valued at about USD 2.47 billion last year. KGC's sales in Q3 2022 reached KRW 429 billion, showcasing a year-on-year increase.
Korea Ginseng Corp. celebrates its 123rd anniversary by launching a new range of Koreselect online products, focusing on health-oriented gifts for the holiday season. The exclusive online offerings include ashwagandha, elderberry, beet root, milk thistle, American ginseng, and women's probiotics, all aimed at enhancing health and wellbeing. With sales reportedly doubling over the past three years, the company is determined to expand its presence in the U.S. dietary supplement market, which is projected to grow at a CAGR of 8.9% through 2030.
Korea Ginseng Corp. introduces 'Pure Extract Heaven', a premium red ginseng product, to the U.S. market just in time for the holiday season. This top-grade ginseng, comprising only 0.5% of total red ginseng production, highlights the company’s 120 years of expertise. The product is expected to meet the growing demand for herbal supplements in the U.S., where the herbal tea market is projected to reach $5,445.22 million by 2029.
With limited availability, 'Pure Extract Heaven' is poised to become a sought-after luxury gift.
Korea Ginseng Corp. highlights its KORESELECT Immune product, awarded the 2022 Taste For Life Immunity Essential award. This concentrated liquid stick supplement features Korean red ginseng, known for its adaptogenic properties, boosting both acquired and innate immunity. A study from Seoul National University confirms its efficacy against influenza and H1N1 by enhancing immune cell activity. Amidst rising flu activity, KORESELECT aims to support consumers facing the upcoming 'tripledemic.' The KORESELECT line launched in early 2022 and includes five products focusing on health and wellness.
The 13th International Symposium on Ginseng in Seoul highlighted significant research findings on the health benefits of ginseng. Key studies presented include:
- Red ginseng improves memory loss in PTSD and age-related cognitive decline.
- Ginsenoside Rd suppresses muscle atrophy and enhances muscle strength.
- Red ginseng prevents bone loss by maintaining intestinal microbiota.
- Ginseng reduces blood pressure in patients with diabetes and hypertension.
These findings position ginseng as a vital supplement for various health issues.
Flashlight Capital Partners, a significant shareholder of KT&G Corporation (KRX: 033780), urges for governance enhancements and a restructured board to increase shareholder value. The firm outlines a five-step plan aimed at closing a 50% trading discount, potentially unlocking 100% share price appreciation over the next 12 months. Key initiatives include spinning off the ginseng business, expanding the global reach of HNB products, divesting non-core assets, tripling share buybacks, and committing to actionable ESG improvements.
Korea Ginseng Corporation launches a new herbal drink line named HSW at the Natural Products Expo East, aiming to meet increasing demand for herbal beverages. The line features three caffeine-free flavors made from six-year-old Korean red ginseng and natural ingredients. The herbal beverage market is projected to grow to $2.45 billion by 2028. HSW's predecessor, HongSamWon, saw impressive revenue growth from $140K in 2015 to $8.23MM in 2021. The new drinks offer health benefits, including stress adaptation and improved mental focus.
Korea Ginseng Corporation has introduced Korean Red Ginseng as a leading adaptogen beneficial for golfers in enhancing performance and energy levels. The rise of golf popularity among the MZ Generation is evident, with 66.6 million golfers worldwide as of December 2021, marking a significant increase. Adaptogens promote overall health, reducing stress and fatigue. Rian Lee, CEO of KGC U.S., emphasizes their role in improving blood circulation and mental focus. KGC plans to feature their products during the Natural Products Expo East in Pennsylvania this September.
Korea Ginseng Corporation, the leading ginseng brand, shares practical tips for a healthier summer vacation. It highlights the benefits of Korean Red Ginseng, which include enhanced blood circulation, improved skin health, and natural energy boosts. A study from the University of Toronto confirms Korean Red Ginseng significantly improves blood flow. The company recently launched KORESELECT, a line of benefit-focused products aimed at addressing travel-related health challenges. CEO Rian Lee emphasizes the importance of health preparations for travelers.
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.
FAQ
What recent recommendation did ISS make about KT&G Corporation's Board of Directors' proposals?
Why did KT&G Corporation express concerns about ISS' recommendation?
What were the concerns raised regarding ISS' recommendations against CEO nominee Kyung-man Bang and other candidates?
What issues were identified in the discussions between ISS, FCP, and KT&G Corporation?
How does KT&G Corporation plan to address the concerns and engage with stakeholders?
