SEOUL, Nov. 5 (Korea Bizwire) — British American Tobacco (BAT) Korea said Thursday it will increase the ratio of non-combustible cigarette products to 50 percent by 2030 to boost sales amid regulations and health concerns over smoking. The British tobacco company has sold the heat-not-burn glo tobacco heating product (THP) series in the Korean market [...]
BRIDGEWATER, N.J., Oct. 31 (Korea Bizwire) – Synchronoss Technologies, Inc. (NASDAQ:SNCR), a global leader and innovator of cloud, messaging, digital and IoT products, today announced that it is launching a multi-country pilot of the Synchronoss Digital Experience Platform (DXP) for British American Tobacco (BAT), a leading, multi-category consumer goods company providing tobacco and nicotine products to millions of adult [...]
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, [...]
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 [...]
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 [...]
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$1.79) in January [...]
SEOUL, Feb. 8 (Korea Bizwire) — Bolstered by its rising market share, British American Tobacco (BAT) Korea, is showcasing another marketing tactic: a compact cigarette pack at an ‘affordable’ price. BAT Korea announced on February 6 that it would launch a limited edition called Dunhill Pocket Pack, a 14-cigarette pack for 3,000 won (US$ 2.75). Although [...]
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 [...]
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 [...]