SEOUL, South Korea, March 13, 2023 /PRNewswire/ -- The Board of Directors of KT&G Corporation ("KT&G", "we", or the "company") (KRX:033780) issued a below letter to its shareholders in connection with its 2023 Annual General Meeting of Shareholders, which is scheduled to be held on March 28, 2023. The letter explains KT&G Board of Directors' position on the shareholder proposals and urges shareholders to vote in favor of agenda items proposed by the Board. The full text of the letter follows: KT&G Board of Directors' Position on the Shareholder Proposals Dear valued shareholders, As Chairman, on behalf of the Board of Directors of KT&G, I am always deeply grateful for the support and interest that our shareholders shown to our company. KT&G's Board of Directors has paid heed to the recent shareholder proposals and the proposing shareholders' views, as well as various opinions and feedback from a wider group of shareholders.