SEOUL, Jan. 31 (Korea Bizwire) — Sales of cigarettes in South Korea edged up 1.1 percent in 2022 from a year earlier, the finance ministry said Tuesday, despite the government’s anti-smoking campaign. South Korean smokers purchased 3.63 billion 20-cigarette packs in 2022, slightly up from 3.59 billion packs tallied a year earlier, according to the [...]
SEOUL, April 29 (Korea Bizwire) — Teenagers bought more liquor and cigarettes from convenience stores last year, data showed Thursday. The Korea Disease Control and Prevention Agency (KDCA) collected statistical data from 60,000 middle and high school students, in which their level of access to cigarettes grew from 67 percent to 74.8 percent and liquor [...]
SEOUL, March 24 (Korea Bizwire) — The smoking rate of South Koreans aged 19 and older fell below 20 percent for the first time in 2020 amid growing public awareness of health and the government’s anti-smoking drive, a report showed Thursday. The smoking rate of Korean adults came to a record low of 19.2 percent [...]
BUFFALO, N.Y., Feb. 28 (Korea Bizwire) — 22nd Century Group, Inc. (Nasdaq: XXII), a leading agricultural biotechnology company focused on tobacco harm reduction, reduced nicotine tobacco, and improving health and wellness through modern plant science, today announced the $1.6 billion1 South Korean tobacco market will be the first international market to commence sales of its VLN® reduced nicotine [...]
BUFFALO, N.Y., Dec. 23 (Korea Bizwire) — 22nd Century Group, Inc. (Nasdaq: XXII), a leading agricultural biotechnology company focused on tobacco harm reduction, reduced nicotine tobacco, and improving health and wellness through modern plant science, announced today that the U.S. Food and Drug Administration (FDA) has authorized the marketing of the Company’s VLN® King and VLN® Menthol King reduced [...]
SEOUL, Dec. 13 (Korea Bizwire) — A steady decrease in smoking in South Korea, led by the government’s strong anti-smoking policy, has been curbed during the pandemic. KT&G Corp., the country’s dominant tobacco firm, reported its sales reached 2.64 trillion won (US$2.23 billion) in the first nine months of the year, up 20.2 percent from [...]
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 [...]