SEOUL, Feb. 23 (Korea Bizwire) — With social distancing becoming a new norm due to the prolonged COVID-19 pandemic, convenience stores are emerging as new centers of everyday life, leaving an impact on the retail landscape. Against this backdrop, some tobacco companies are cutting their sales staff. Philip Morris Korea Inc. recently downsized the sales [...]
SEOUL, Jan. 29 (Korea Bizwire) — Sales of cigarettes in South Korea rose 4.1 percent on-year last year as smokers’ purchases via duty-free channels were thwarted amid the pandemic, the finance ministry said Friday. South Korean smokers purchased 3.59 billion 20-cigarette packs last year, compared with 3.45 billion packs the previous year, according to the [...]
SEOUL, Jan. 5 (Korea Bizwire) — South Koreans’ spending on liquor and cigarettes reached an all-time high in the third quarter of 2020 amid the coronavirus outbreak, central bank data showed Tuesday. Local households spent 4.3 trillion won (US$3.96 billion) on alcohol and cigarettes in the July-September period, up 6.2 percent from a year earlier, [...]
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 [...]
SEOUL, July 30 (Korea Bizwire) — Despite the boycott movement against Japanese products marking its first year after being sparked by Japan’s export restrictions against South Korea, consumption of Japanese cigarettes has remained more or less unaffected. The Korea Customs Service reported that South Korea imported 4,220.6 tons of cigarettes from the Philippines between July [...]
SEOUL, June 21 (Korea Bizwire) — South Korea will require stronger graphic warning images on cigarette packs as part of its anti-smoking campaign, the health ministry said Sunday. Of the 12 photos currently used on packs, nine will be replaced with new images starting Dec. 23, according to the Ministry of Health and Welfare. Warning [...]
SEJONG, Dec. 26 (Korea Bizwire) — South Korea’s finance ministry said Thursday it will allow arrival duty-free shops to sell cigarettes from March, in a move to promote businesses of arrival shops. The nation’s first on-arrival duty-free shops opened at Incheon International Airport, the country’s main gateway, in May, but the shops had been banned [...]
SEOUL, Aug. 21 (Korea Bizwire) — The boycott movement against Japan within South Korea, sparked by export restrictions imposed last month by Shinzo Abe’s government, has even spread to Japanese brand cigarettes. The number of cigarettes imported to South Korea from the Philippines came to 403 tons last month, down 31.9 tons or 7.3 percent [...]
SEOUL, Aug. 1 (Korea Bizwire) — The popularity of traditional cigarettes is waning, as e-cigarettes have seen a significant boost in sales this year. The Ministry of Economy and Finance reported that cigarette sales reached 1.67 billion packs between January and June this year, which was a 0.6 percent decrease from last year. Among them, [...]
SEOUL, Jan. 21 (Korea Bizwire) — Smokers often mistakenly think that reducing the number of cigarettes smoked in a day will lower their health risks. However, studies have shown that even those who smoke a little bit have a significant risk of hardened arteries. These findings were based on a study conducted by a research [...]