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Flashlight Capital Partners Thanks Shareholders for its VictoryFlashlight Capital Partners Pte. Ltd ("Flashlight Capital"), a significant shareholder of KT&G Corporation (KRX: 033780) ("KT&G" or the "Company"), today announced the successful appointment of an independent board director to KT&G, a move aimed at enhancing governance and shareholder value. "We view this appointment as a victory for all shareholders, irrespective of size or nationality," remarked Sanghyun Lee, Managing Partner of Flashlight Capital. "With the addition of a truly independent director committed to advancing shareholder interests, KT&G has taken a crucial step towards governance normalization," Lee commented. In a letter addressed to KT&G's new board of directors, Lee outlined five top-priority action steps aimed at driving positive change, asking for a concrete action in the next three months:
Flashlight Capital remains committed to working collaboratively with KT&G's management and board of directors to drive sustainable value creation and enhance shareholder returns. About Flashlight Capital Flashlight Capital Partners Pte. Ltd is an investment management firm founded by the Carlyle Group's former Head of Korea, Sanghyun Lee. Flashlight Capital is dedicated to strengthening corporate governance and enacting transformative change to its portfolio companies, and launched KT&G campaign since 2022. For more information about Flashlight Capital, please visit www.FlashlightCap.com.
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