KT&G Corporation (Korean: 주식회사 케이티앤지), originally Korea Tobacco & Ginseng, is the leading tobacco company in South Korea with annual sales over US$4 billion. KT&G was originally a government-owned monopoly but was privatized and today is publicly traded, competing for market share with other international tobacco firms such as Philip Morris International, British American Tobacco, and Japan Tobacco. KT&G's sales volume share was 62% of the Korean market in 2009. KT&G also owns significant subsidiaries such as Korea Ginseng Corporation, Yungjin Pharm (a pharmaceuticals company), and several bio ventures. Its headquarters are in Daejeon. More information...
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