On January 20, 2023, Flashlight Capital Partners announced that it was recommended LG Household and Health Care Vice Chairman and CEO Cha Suk-yong, as a new nonexecutive director of KT&G Corporation. Flashlight Capital also stated that it recommended Cha Suk-yong and former Prudential Life Insurance CEO Hwang Ou-jin as the Company new non-executive directors to be elected at the annual general meeting of the Company.