KT&G, Korea s dominant cigarette maker, on Thursday appointed Senior Executive Vice President Bang Kyung-man as its new chief executive after shareholders endorsed his nomination at an annual meeting.
KT&G succeeded in appointing Senior Executive Vice President Bang Kyung-man as its new CEO, Thursday, overcoming opposition from the Industrial Bank of Korea (IBK), its largest shareholder, and the activist fund Flashlight Capital Partners (FCP), as well as from Institutional Shareholder Services, the world’s leading proxy adviser.
Industrial Bank of Korea (IBK) is inviting startups in Korea to join a program that offers mentoring and funding opportunities in the United States, the state-run lender said Tuesday.
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