cigarette price hike Archives

Cigarette Tax Revenue Jumps on Back of Price Hikes

SEOUL, July 12 (Korea Bizwire) — South Korea’s cigarette tax revenue jumped in the first six months of 2015 from a year earlier on the back of the country’s new tax policy that began as of January, data showed Sunday. The Ministry of Strategy and Finance said it has raked in 4.3 trillion won (US$3.8 billion) [...]

Cigarette Sales Drop Slows in March

SEOUL, March 29 (Korea Bizwire) — South Korea’s sales of cigarettes, which nearly halved in January due to the government’s price hike, slowed their downward trend in March, data showed Sunday, implying that Seoul’s push for public health may end up being fruitless. According to the data compiled by a local convenience-store chain, the sales [...]