KT&G urged to split off ginseng unit to bolster corporate value
Flashlight Capital, a Singaporean activist private equity fund, has recommended Korean cigarette manufacturer KT&G to spin off its ginseng business for a stock listing, in a critical step toward recovering corporate value amid a global trend toward environmental, social and corporate governance (ESG) considerations, according to market watchers, Wednesday.
Source: koreatimes.co.kr
