– The Annual General Meeting will be held on March 26th, with the appointment of directors being one of the key items on the agenda.
SEOUL, South Korea, Feb. 25, 2025 — KT&G Corporation (“KT&G” or the “Company”) (KRX:033780) convened a board meeting on the 25th and decided to hold its Annual General Meeting of Shareholders (“AGM”). The company also announced that the meeting will take place on March 26, 2025, at the KT&G Human Resources Development Institute in Daejeon, South Korea.
The items to be addressed at the upcoming AGM include approvals for the following: financial statements and the statement of retained earnings appropriation; revisions to the company’s articles of incorporation; the appointment of one internal director and two external directors; the appointment of a member to the audit committee; and the limit for director compensation.
Regarding the modifications to the articles of incorporation, the KT&G Board of Directors (“Board”) has decided to clarify the number of directors, adjust regulations related to the appointment of audit committee members, specify the method for appointing the president, modify the quarterly dividend record dates, and present these items as agendas for the AGM.
In addition, the Board has put forward Chief Operating Officer and Senior Executive Vice President Sang-Hak Lee as a candidate for inside director. Sang-Hak Lee, serving as CFO and a “strategy specialist,” has been crucial in shaping KT&G’s strategy and management policy, thereby fostering growth. The Board considers Sang-Hak Lee the optimal choice to realize the vision of becoming a “Global Top-tier” company, acknowledging his role as COO in simultaneously enhancing corporate and shareholder value through increased profitability, driven by strong core business competitiveness, and the proactive establishment of mid- to long-term shareholder policies.
For the external director candidates, Kwan-Soo Shon and Jee-Hee Lee, both of whom have served as outside directors for the past three years, have been renominated.
Kwan-Soo Shon, a seasoned executive with experience as CEO of CJ Logistics, has contributed his expertise in manufacturing and logistics to the development of mid- to long-term investment strategies for both domestic and international manufacturing facilities and the streamlining of manufacturing and supply systems. Furthermore, since last year, as Chairman of the Board, he has actively contributed suggestions throughout the creation of the corporate value-up plan.
Kwan-Soo Shon is also nominated to the audit committee. He has been recognized for his active participation in various committees, serving as an objective and unbiased supervisor of the Company’s business and financial activities.
Jee-Hee Lee, leveraging her experience in successfully marketing various global consumer brands as the current CEO of W.WORKS, has been instrumental in shaping product launch strategies for both domestic and international markets. Since the previous year, as the chair of the sustainability committee, she has been praised for her success in implementing an ESG management system through recommendations for ESG policies and strategies, strengthened oversight of target implementation, and other initiatives.
A KT&G spokesperson commented, “We maintain open communication with shareholders and other stakeholders regarding enhancing our main business’s competitiveness, delivering superior shareholder return plans on a global scale, and implementing our future vision. We are committed to maximizing stakeholder interests and corporate value through our strong governance structure.”
SOURCE KT&G Corporation
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