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- Additional share repurchase & cancelation of 260b KRW, targets double digit operating profit and revenue growth based on solid global business
- Signs comprehensive MOU with American tobacco manufacturer Altria, for collaboration in all areas including nicotine pouch and health functional foods
SEOUL, South Korea, Sept. 23, 2025 /PRNewswire/ -- KT&G announced this year's growth targets and additional shareholder return plans through the "2025 KT&G CEO Investor Day" held on the 23rd, also disclosing details of the MOU with the American tobacco manufacturer Altria.
During the Investor Day, KT&G CEO Kyung-man Bang stated that the company will effectively distribute any excess capital occurring in the future to simultaneously maximize corporate and shareholder value, upgrading the "shareholder return distribution principle."
Specifically, KT&G plans to take actions such as implementing total payout ratio of 100% or higher; maintaining dividend payout ratio of 50% or higher; setting a lower limit for dividend yield; and conducting elastic share repurchases throughout the year if share prices are considered undervalued compared to long-term intrinsic value. Additional shareholder returns following cash generation will reflect the dividend expansion trend and will be pursued in line with share repurchases.
In order to achieve this, KT&G set the minimum annual dividend per share at 6,000 KRW, an increase of 600 KRW from the previous year. Furthermore, KT&G plans to pursue further share repurchase and cancelation amounting to 260 billion KRW utilizing the resources from liquidation of non-core assets such as real estate staring on the 24th. This is an year on year increase of 100 billion KRW — together with the dividend increase, a total of 276 billion KRW additional shareholder return will be made, representing 171% of the prior year's level.
KT&G has already completed the cancelation of 10.4% of the shares (as of 2023). The proportion of the cumulative shares canceled is expected to grow when the planned repurchase and cancelation is executed and reflected.
The reason behind stronger shareholder return policies is considered to be KT&G's global business settling into a growth trend as a result of CEO Kyung-man Bang's priority task of implementing fully local value chains since his inauguration in March 2024.
The global cigarette business achieved five consecutive quarters of "triple growth" in revenue, operating profit, and sales volume as of KT&G's Q2 earnings report session. Adjusted operating profit for the first half of 2025 showed a sharp year on year growth of 127.8%.
KT&G CEO Kyung-man Bang explained that strategic export price hikes and increasing the proportions of premium product in the global business has led to qualitative growth and that manufacturing cost reduction from global economic manufacturing system transition has led to the establishment of a new structure that will expand profitability in the long term.
Additionally, KT&G targets double-digit growth for both operating profit and revenue this year and plans to reinforce direct communications with shareholders, investors, and the capital market through occasions like the CEO Investor Day.
Prior to the investor session, CEO Kyung-man Bang of KT&G and CEO Billy Gifford of top-tier American tobacco manufacturer Altria signed a comprehensive MOU, forming a basis for strategic collaboration in nicotine and non-nicotine spaces.
Accordingly, KT&G and Altria pursues the joint acquisition of "Another Snus Factory (ASF)," a Scandinavian nicotine pouch manufacturer, in order to participate in the rapidly-growing global nicotine pouch market.
In order to seek opportunities for expanding nicotine pouch portfolios and increasing market presence, KT&G and Altria plans to utilize KT&G's global distribution network to present ASF's "LOOP" and Altria's "on!" products. The two companies plan to discuss operational details in the nicotine pouch space at a later point in time.
The two companies also agreed to expand the scope of collaboration by seeking ways to optimize the traditional cigarette business to reinforce market competitiveness; complement portfolios for diversification; and through other means.
Furthermore, both parties will seek opportunities for collaboration in the U.S. health functional foods market, seeking ways to improve market penetration by using KGC's product expertise and capabilities alongside shared U.S. consumer insights and Altria's established go-to-market infrastructure.
A KT&G spokesperson stated that "the company decided to pursue additional share repurchases and cancelation as well as high dividend payout policies based on the profits from the rapid growth of our global business," and that "through the MOU with the top-tier American tobacco manufacturer Altria, KT&G will secure future growth momentum by expanding core business portfolio and reinforcing competitiveness."
- Additional share repurchase & cancelation of 260b KRW, targets double digit operating profit and revenue growth based on solid global business
- Signs comprehensive MOU with American tobacco manufacturer Altria, for collaboration in all areas including nicotine pouch and health functional foods
SEOUL, South Korea, Sept. 23, 2025 /PRNewswire/ -- KT&G announced this year's growth targets and additional shareholder return plans through the "2025 KT&G CEO Investor Day" held on the 23rd, also disclosing details of the MOU with the American tobacco manufacturer Altria.
During the Investor Day, KT&G CEO Kyung-man Bang stated that the company will effectively distribute any excess capital occurring in the future to simultaneously maximize corporate and shareholder value, upgrading the "shareholder return distribution principle."
Specifically, KT&G plans to take actions such as implementing total payout ratio of 100% or higher; maintaining dividend payout ratio of 50% or higher; setting a lower limit for dividend yield; and conducting elastic share repurchases throughout the year if share prices are considered undervalued compared to long-term intrinsic value. Additional shareholder returns following cash generation will reflect the dividend expansion trend and will be pursued in line with share repurchases.
In order to achieve this, KT&G set the minimum annual dividend per share at 6,000 KRW, an increase of 600 KRW from the previous year. Furthermore, KT&G plans to pursue further share repurchase and cancelation amounting to 260 billion KRW utilizing the resources from liquidation of non-core assets such as real estate staring on the 24th. This is an year on year increase of 100 billion KRW — together with the dividend increase, a total of 276 billion KRW additional shareholder return will be made, representing 171% of the prior year's level.
KT&G has already completed the cancelation of 10.4% of the shares (as of 2023). The proportion of the cumulative shares canceled is expected to grow when the planned repurchase and cancelation is executed and reflected.
The reason behind stronger shareholder return policies is considered to be KT&G's global business settling into a growth trend as a result of CEO Kyung-man Bang's priority task of implementing fully local value chains since his inauguration in March 2024.
The global cigarette business achieved five consecutive quarters of "triple growth" in revenue, operating profit, and sales volume as of KT&G's Q2 earnings report session. Adjusted operating profit for the first half of 2025 showed a sharp year on year growth of 127.8%.
KT&G CEO Kyung-man Bang explained that strategic export price hikes and increasing the proportions of premium product in the global business has led to qualitative growth and that manufacturing cost reduction from global economic manufacturing system transition has led to the establishment of a new structure that will expand profitability in the long term.
Additionally, KT&G targets double-digit growth for both operating profit and revenue this year and plans to reinforce direct communications with shareholders, investors, and the capital market through occasions like the CEO Investor Day.
Prior to the investor session, CEO Kyung-man Bang of KT&G and CEO Billy Gifford of top-tier American tobacco manufacturer Altria signed a comprehensive MOU, forming a basis for strategic collaboration in nicotine and non-nicotine spaces.
Accordingly, KT&G and Altria pursues the joint acquisition of "Another Snus Factory (ASF)," a Scandinavian nicotine pouch manufacturer, in order to participate in the rapidly-growing global nicotine pouch market.
In order to seek opportunities for expanding nicotine pouch portfolios and increasing market presence, KT&G and Altria plans to utilize KT&G's global distribution network to present ASF's "LOOP" and Altria's "on!" products. The two companies plan to discuss operational details in the nicotine pouch space at a later point in time.
The two companies also agreed to expand the scope of collaboration by seeking ways to optimize the traditional cigarette business to reinforce market competitiveness; complement portfolios for diversification; and through other means.
Furthermore, both parties will seek opportunities for collaboration in the U.S. health functional foods market, seeking ways to improve market penetration by using KGC's product expertise and capabilities alongside shared U.S. consumer insights and Altria's established go-to-market infrastructure.
A KT&G spokesperson stated that "the company decided to pursue additional share repurchases and cancelation as well as high dividend payout policies based on the profits from the rapid growth of our global business," and that "through the MOU with the top-tier American tobacco manufacturer Altria, KT&G will secure future growth momentum by expanding core business portfolio and reinforcing competitiveness."
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
KT&G announces additional shareholder returns, setting annual dividend per share at 6,000 KRW, signs MOU with Altria on nicotine pouch, etc.
SAN JOSE, Calif., Jan. 16, 2026 /PRNewswire/ -- Global smart technology brand MOVA hosted its 2026 global strategy and product launch event at AGI House in Silicon Valley, unveiling a new brand positioning and showcasing its expanding smart health ecosystem as part of its global growth push.
At the event, MOVA Life announced its upgraded positioning as a "Smart Health Living Management Expert." For the first time in the U.S. market, the company presented an integrated portfolio spanning seven product categories, including kitchen appliances, personal care, air management, pet care, and coffee systems—highlighting its shift toward ecosystem-driven smart living.
Unlike traditional tradeshow showcases, the Silicon Valley event was designed as a strategic dialogue with U.S. technology leaders and North American investors, reflecting MOVA's intention to deepen its presence within the U.S. innovation ecosystem.
"Silicon Valley is where technology meets real-life impact," said MOVA 's Global CEO. "Our focus is no longer just connected devices, but how intelligent systems can actively support healthier and more enjoyable everyday living."
The showcased products are powered by MOVA's proprietary technology platform, combining intelligent sensing, AI algorithms, and high-efficiency motor systems to form a coordinated health management experience across home environments.
The launch marks a key step in MOVA Life's global expansion. The company plans to strengthen R&D collaboration in Silicon Valley while continuing its multi-region innovation model across Asia, Europe, and North America. Leveraging its presence in more than 60 countries and regions, MOVA Life will focus on expanding its premium footprint in North America.
"Silicon Valley is the starting point of MOVA's next phase of global innovation," said Hu Bin, Head of Global Business at MOVA Life. "From here, we will continue evolving the role of smart home appliances—from connected IoT devices to intelligent systems that actively protect and enhance user health."
About MOVA
MOVA is a global innovative smart appliance brand that advocates "leading innovation, connecting technology with daily life." It is dedicated to creating new intelligent living spaces for families worldwide through continuous technological breakthroughs, exploring future home living styles.
Media Contact:
Harry Huang
pr@nexlawn.com
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
MOVA Life brings its smart health home vision to Silicon Valley
