KT&G Accused of Low Transparency as Investment Firm Demands Disclosure of Related Data

KT&G Corporation in South Korea has been accused by investment firm Flashlight Capital of improper handling and low transparency of information.

According to a report by South Korean business media Street Insider on October 10, Flashlight Capital, a major shareholder of KT&G, issued a formal statement. Managing Partner Lee Sang-hyun believes that KT&G lacks transparency. The statement calls for the company to disclose relevant information, including KT&G's export business profits, its global distribution contract with Philip Morris International, and a $19 million