Cigarette Sales Rise 5.6 pct in Jan.-Sept. Period | Be Korea-savvy

Cigarette Sales Rise 5.6 pct in Jan.-Sept. Period

(image: Yonhap)

(image: Yonhap)

SEJONG, Oct. 30 (Korea Bizwire)Sales of cigarettes in South Korea rose 5.6 percent on-year in the first nine months of this year, data showed Friday, thanks to robust sales of traditional cigarettes.

South Korean smokers purchased 2.75 billion 20-cigarette packs in the January-September period, compared with 2.6 billion packs in the same period last year, according to the data compiled by the Ministry of Economy and Finance.

Still, the nine-month reading represented a 15.1 percent drop from the same period in 2014.

South Korea increased the price of cigarettes by 80 percent in January 2015, from 2,500 won (US$2) per pack to 4,500 won, in a move to curb smoking.

The Korean government mandated that tobacco companies place graphic images depicting the harmful effects of smoking on the upper part of cigarette packs in 2016.

Sales of traditional cigarettes gained 7 percent on-year to 2.46 billion packs for the nine-month period.

Meanwhile, sales of heat-not-burn tobacco products inched up 0.7 percent to 283 million in the nine-month period.

Sales of vaporizer-based liquid electronic cigarettes also plunged 92.5 percent to 1.2 million pods in the nine-month period, as the government strongly advised people not to use liquid e-cigarettes, warning that such vaping products could cause serious lung illness or death.


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