British American Tobacco Archives | Be Korea-savvy
BAT to Launch Heat-Not-Burn Tobacco in South Korea Next Week

BAT to Launch Heat-Not-Burn Tobacco in South Korea Next Week

SEOUL, Aug. 10 (Korea Bizwire) – British American Tobacco (BAT) will begin sales of its new tobacco heating device in South Korea next week, its local unit said Thursday, joining the race to better grab the expanding market. The new gadget glo is shaped like any other battery-powered cigarette devices, except tobacco sticks called Neostiks, [...]

Lawmaker Advocates Bills to Raise Taxes on HNB Cigarettes

Lawmaker Advocates Bills to Raise Taxes on HNB Cigarettes

SEOUL, June 27 (Korea Bizwire) – A major opposition lawmaker has introduced bills to raise taxes on heat-not-burn (HNB) cigarettes, amid concerns that the smoke-free tobacco emits harmful substances. Rep. Kim Gwang-lim of the major opposition Liberty Korea Party presented a proposal earlier in the month that would slap the new products with the same [...]

Philip Morris, British American Tobacco Rake in Billions from Tax Evasion

Philip Morris, British American Tobacco Rake in Billions from Tax Evasion

SEOUL, Sept. 22 (Korea Bizwire) – The local affiliates of Phillip Morris and British American Tobacco (BAT) were found to have evaded over 200 billion won ($181 million) in taxes from inventory profits when the Korean government raised the tax levied on cigarettes by roughly 2,000 won in January 2015.  According to Korea’s Board of [...]

NTS Probing Foreign Tobacco Firms’ Suspected Tax Dodging

NTS Probing Foreign Tobacco Firms’ Suspected Tax Dodging

SEOUL, Aug. 30 (Korea Bizwire) – South Korean tax authorities are investigating foreign tobacco companies over suspicions that they evaded taxes on huge profits from a tobacco price hike last year, industry sources said Tuesday.  Citing the need to discourage smoking, South Korea marked up taxes levied on cigarettes by 2,000 won (US$1.79) in January [...]

BAT Rolls out Dunhill Compact for Price-Sensitive Consumers

BAT Rolls out Dunhill Compact for Price-Sensitive Consumers

SEOUL, Feb. 8 (Korea Bizwire) — Bolstered by its rising market share, British American Tobacco (BAT) Korea, is showcasing another marketing tactic: a compact cigarette pack at an ‘affordable’ price. BAT Korea announced on February 6 that it would launch a limited edition called Dunhill Pocket Pack, a 14-cigarette pack for 3,000 won (US$ 2.75). Although [...]

Tobacco Companies Terminating Unpopular Products after Price Hike

Tobacco Companies Terminating Unpopular Products after Price Hike

SEOUL, Jan. 11 (Korea Bizwire) – Tobacco companies are stopping the sale of unpopular products due to recent setbacks caused by government-mandated increases in cigarette prices. British American Tobacco (BAT) Korea, the second largest tobacco company in Korea, decided to stop sales of Lucky Strike, one of its oldest brands, in order to focus on sales [...]

Which Will Court Be in Favor of, NHIS or Tobacco Firms, in Fierce Court Battle?

SEOUL, Sept. 16 (Korea Bizwire) – The National Health Insurance Service (NHIS) filed a lawsuit against Korea Tobacco & Ginseng (KT&G), Philip Morris International Korea, and British American Tobacco (BAT), claiming, “The three companies are obliged to recompense our compensatory damages paid over tobacco-related diseases like lung cancer and laryngeal cancer.” The hearing held at the Seoul [...]