On January 27, 2023, KT&G announced that there would be no plan to spin off its ginseng unit for a separate listing, dismissing one of the requests made by Flashlight Capital Partners. The Company?s Senior Executive Vice President Bang Kyung-man said that the spin-off will have little to no benefit to the company?s corporate value and shareholders from a long-term perspective. Flashlight Capital Partners has been demanding that the Company increase dividends and spin off its ginseng unit into a separate listing, among other requests.

In terms of the Company dividend payout policy, Bang said the Company is planning a share buyback worth 300 billion won and a 590 billion won dividend payout this year.