CHUNCHEON, May 7 (Korea Bizwire) — Four white collar workers have been arrested by the police on charges of buying and selling 100 million won (US$ 92,500) worth of cigarettes to benefit from Korea’s tobacco price hikes. According to the Chuncheon Police Agency, the four men were working at the same company, and gathered 100 [...]
BUSAN, Apr. 21 (Korea Bizwire) — The city of Busan is expecting an additional 218.35 billion won (US$ 201.47 million) for its estimated 2014 tax revenues, due to an increase in cigarette tax revenues caused by citizens’ buying spree before the New Year’s cigarette price hike, even though Busan’s population of non-smokers has since increased. According [...]
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 [...]
SEOUL, Sep. 16 (Korea Bizwire) – Along with the Korean government’s recent announcement to raise the cigarette price by 2,000 won, or about US$2, from January next year, it also said on September 14 that a plan to hike a tobacco product price would be implemented in line with the rise of consumer prices in [...]
SEOUL, Sep 12 (Korea Bizwire) – The government has finally decided to raise the cigarette price by 2,000 won from January next year. On September 11, Minister of Health & Welfare Moon Hyung-pyo announced a comprehensive plan to discourage smoking. He said in an economic ministers meeting on the same day, “Effective on January 1, 2015, [...]
SEOUL, Korea, April 15, 2014 (Korea Bizwire) – While delightful background music is playing, disturbing images of decayed human body parts are flashed with a caption saying “Every cigarette is doing you damage.” This is the content of an anti-smoking advertisement made by the government of Australia. In order to convey a powerful message, the [...]