In today’s briefing:
- An Interview with Flashlight Capital Patners CEO Lee Sanghyun on KT&G
An Interview with Flashlight Capital Patners CEO Lee Sanghyun on KT&G
- This past week, I had an interview with Lee Sanghyun, the founder and CEO of Flashlight Capital Partners (FCP) which is currently an activist investor on KT&G Corporation (033780 KS).
- Our interview focused on five key issues including valuation, buyback & dividends, ginseng business spin-off, investment horizon, and aligning management’s interests with those of its shareholders.
- FCP’s shareholder return plan is to 3x higher than the one currently proposed by the company. For further details, see FCP’s website https://flashlightcap.com/.
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