SEOUL, May 24 (Korea Bizwire) — The market share of heat-not-burn (HNB) electronic cigarettes has risen more than five times over the past two years on tobacco makers’ aggressive marketing, data showed Friday. Sales of HNB e-cigarettes stood at 92 million packs in the first quarter of this year, up a whopping 34 percent from [...]
SEOUL, May 16 (Korea Bizwire) — The Ministry of Health and Welfare’s recent decision to enlarge the size of graphic warnings on cigarette packs is facing strong opposition from the Korea Tobacco Retailer Association (KTRA). Along with South Korea, a number of countries oblige tobacco companies to cover more than 65 percent of cigarette packages [...]
SEOUL, Nov. 14 (Korea Bizwire) – HNB (heat-not-burn) E-cigarette IQOS is much safer for smokers than a traditional cigarette, says Philip Morris International, and the company has the words of a medical expert to back up its assertion. On November 14 at the Four Seasons Hotel in Seoul, Philip Morris Korea hosted a round table [...]
SEOUL, Nov. 9 (Korea Bizwire) — South Korea’s parliament passed a bill Thursday to raise the tax on heat-not-burn (HNB) e-cigarette products amid a lingering dispute over whether they should be treated differently from conventional cigarettes. The revision bill calls for increasing the individual consumption tax rate for HNB tobacco products — such as Phillip [...]
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 [...]