Flashlight Capital to acquire Korea Ginseng Corporation from KT&G for $1.4bn.

Flashlight Capital Partners, an investment management firm, offered to acquire Korea Ginseng Corporation, a producer of traditional and premium ginseng products in Korea, from KT&G, a tobacco company in South Korea, for $1.4bn. “It’s like watching parents who downplay their own child. We see immense potential in the poor kid. We aim to develop Korea ginseng into a global brand, comparable to Manuka honey or Maotai,” Sanghyun Lee, Flashlight Capital Managing Partner.