KT&G Corporation, originally Korea Tobacco & Ginseng, also branded as Korea Tomorrow & Global, is the leading tobacco company in South Korea with annual sales over US$4 billion. KT&G was originally a government-owned monopoly but was privatised and today is publicly traded, competing for market share with other international tobacco firms such as Philip Morris International, British American Tobacco, and Japan Tobacco.[5] KT&G's sales volume share was 62% of the Korean market in 2009.[7]
KT&G also owns significant subsidiaries such as Korea Ginseng Corporation, Yungjin Pharm (a pharmaceutical company), and several bio ventures. Its headquarters are in Daejeon.[8]