Bok-in Baek, approved as president of KT&G at an extraordinary shareholders meeting, promised greater transparency for the cigarette maker facing corruption accusations, the Korea Herald said.

“Under the firm belief that transparency and ethical management is essential for the company’s survival and sustainable growth, KT&G will strengthen the authority and professionalism of the ethical management office,” Baek reportedly said in his first address. Baek was elected to a three-year term as the replacement to Young-jin Min, who resigned in July at the onset of the graft investigation.
Baek said he would push for major expansion in emerging markets, the newspaper reported on its website.