KT&G Corporation, together with its subsidiaries, engages in the production and sale of tobacco and other products in South Korea. It provides tobacco and related materials, red ginseng, red ginseng products, other health foods, food and beverage products, and cosmetic and related products. The company also offers leaf tobacco cultivation support services; and develops, manufactures, and distributes drugs, bio-pharmaceuticals, over-the-counter medicines, and medical supplies and equipment. In addition, it engages in the trading, real estate, leasing, and housing businesses. Further, the company engages in hotel development and management activities. KT&G Corporation was formerly known as Korea Tobacco and Ginseng Corporation and changed its name to KT&G Corporation in December 2002. The company was founded in 1987 and is headquartered in Daejeon, South Korea.