Latest news with #KoreaGinsengCorp.
Korea Herald
5 days ago
- Business
- Korea Herald
KT&G extends Q2 growth streak on robust global sales
KT&G, South Korea's leading tobacco manufacturer, has logged three consecutive quarters of revenue and profit growth through the second quarter, backed by strong demand in key global markets. According to the company on Thursday, sales in the April-June period jumped 8.7 percent on-year to reach 1.55 trillion won ($1.12 billion), with operating profit surging 8.6 percent to 350 billion won. Having sustained revenue and profit growth since the fourth quarter of last year, the company also reported that first-half revenue surpassed the 3 trillion won mark for the first time. 'We have secured mid- to long-term growth momentum based on the excellent performance of new product launches in major global markets as well as brand power-based price hikes,' a KT&G official said, adding that the company aims to achieve double-digit annual growth in operating profit this year. KT&G's core tobacco segment sustained its growth trajectory, with revenue and operating profit rising by 10 percent and 1.6 percent on-year, respectively. The global cigarette business, in particular, marked its fifth consecutive quarter of growth in revenue, profit and sales volume. Revenue and volume both hit new quarterly records, with revenue up 30.6 percent on-year to 469 billion won and sales volume rising 9.1 percent to 16.7 billion sticks. Adjusted operating profit, excluding last year's allowance for doubtful account refunds, soared 51.1 percent. Under the vision of CEO Bang Kyung-man, the company has prioritized full localization of its value chain and established smaller local units to respond more agilely to market needs. Cost reductions are expected in the second half of the year, once its raw material sourcing system is fully localized. Outside its core tobacco business, the company's domestic next-generation products segment captured a 45.8 percent market share in the first half, driven by robust sales of its heat-not-burn device Lil Aible. The health functional foods segment, operated by Korea Ginseng Corp., posted an operating profit of 6.2 billion, turning profitable as a result of optimized marketing spend and a focus on profitability-driven strategies.
Korea Herald
27-07-2025
- Business
- Korea Herald
KGC unveils ginseng for each stage of life at Singapore health forum
Korea Ginseng Corp., a leading manufacturer of ginseng products, showcased emerging Korean health trends and the scientific evidence for the effectiveness of its flagship brand JungKwanJang, at an Asia's premier health food industry forum in Singapore. KGC presented its advanced R&D capabilities and a broad lineup tailored to different life stages — from Korean Red Ginseng Extract Everytime to products designed for teens, students, women and seniors. The Growth Asia Summit 2025 was held from July 15-17 and brought together over 300 health experts from more than 15 countries, alongside industry leaders like Nestle and Danone. The firm also unveiled new product innovations, including RXGIN red ginseng oil for men's prostate health and GLPro, a clinically tested solution for improving blood sugar indicators. Officially recognized by Korea's Ministry of Food and Drug Safety, red ginseng is known for its seven key health benefits, including immunity support and fatigue relief. 'This summit was a valuable opportunity to highlight the strengths of K-ginseng,' said Kai Lee, head of the global market development team at KGC. "We are committed to advancing the global reach of K-ginseng." KGC has maintained its position as the No. 1 global ginseng brand for 11 consecutive years, according to UK-based market research firm Euromonitor.
Korea Herald
10-03-2025
- Health
- Korea Herald
KGC awarded for ginseng research at US expo
Korea Ginseng Corp., the country's leading ginseng manufacturer, announced Monday that it received the Varro E. Tyler Award at the 2025 Natural Products Expo West, held last week in Anaheim, US, for its phytomedicinal research on ginseng. According to the company, the award, presented by the American Botanical Council in recognition of outstanding contributions to the field of herbal medicine and pharmacognosy, honors its commitment to proving the health benefits of ginseng through clinical research. The ABC is a nonprofit organization dedicated to providing reliable information on herbs and medicinal plants to consumers, healthcare practitioners and researchers. 'We are deeply honored that our decades of research and development have been recognized by such a respected institution,' a company researcher said upon receiving the award, vowing to further advance and globalize Korean health supplements. KGC has consistently advanced research and development in red ginseng and other health ingredients, earning key recognitions. Notably, it received certification from the Ministry of Food and Drug Safety for verifying red ginseng's benefits in regulating blood sugar levels and supporting prostate health. To further efficacy research and develop products tailored for global consumers, KGC established a research and development center in Shanghai, China, in 2013, followed by another in Los Angeles, US, in March 2023. These centers continue to explore the benefits of red ginseng and other health ingredients.
