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KT&G Launches Sales of New Tobacco-heating Device

KT&G Launches Sales of New Tobacco-heating Device

SEOUL, Nov. 21 (Korea Bizwire) — KT&G Corp. South Korea’s leading cigarette maker, on Monday officially began selling its new tobacco-heating device, amid growing popularity of heat-not-burn (HNB) products in the country. The new product, dubbed lil, heats up tobacco leaves without generating smoke using battery power, according to the company. KT&G said the 10,000 [...]

Preorders for Latest HNB E-Cig “Lil” Hit 10,000 in 2 Days

Preorders for Latest HNB E-Cig “Lil” Hit 10,000 in 2 Days

SEOUL, Nov. 15 (Korea Bizwire) – KT&G has exhausted its 10,000-unit supply of its HNB e-cigarette “Lil” within two days, according to the South Korean tobacco firm. Sold at GS25 convenience stores throughout the Seoul area, the pre-orders began on November 13 and ended around 5 p.m. the following day. Buyers can pick up their [...]

KT&G Challenges Philip Morris, BAT with HNB Tobacco Product “Lil”

KT&G Challenges Philip Morris, BAT with HNB Tobacco Product “Lil”

SEOUL, Nov. 7 (Korea Bizwire) – South Korean tobacco firm KT&G has thrown its hat into the HNB (heat-not-burn) tobacco product market with the release of “Lil”, unsettling market incumbents Philip Morris Korea and BAT Korea. A HNB tobacco product consists of an electronic device that, as its name suggests, heats tobacco sticks instead of [...]

KT&G to Release Heat-not-burn Tobacco amid iQOS Growing Popularity

KT&G to Release Heat-not-burn Tobacco amid iQOS Growing Popularity

SEOUL, Jun. 9 (Korea Bizwire) — KT&G Corp. said Thursday it will soon release heat-not-burn (HNB) cigarettes amid the growing popularity of the smoke-free tobacco despite concerns of the emissions of toxic substances similar to those of conventional cigarettes. The largest tobacco manufacturer in South Korea will begin marketing the new product in September, a [...]

KT&G Enjoys High Profitability Due to Strong Demand Abroad: Data

KT&G Enjoys High Profitability Due to Strong Demand Abroad: Data

SEOUL, March 14 (Korea Bizwire) – KT&G Corp., South Korea’s largest tobacco product manufacturer, said Tuesday it posted solid profitability last year due to growing demand abroad despite falling domestic consumption. The company said its sales rose to 2.96 trillion won (US$2.57 billion) in 2016, up from 2.82 trillion won in the previous year. The [...]

KT&G Tops Louis Vuitton in Airport Duty Free Sales

KT&G Tops Louis Vuitton in Airport Duty Free Sales

INCHEON, Aug. 1 (Korea Bizwire) – Since 2015, KT&G (Korea Tobacco & Ginseng Corporation) has been able to maintain a winning streak in duty free store sales at Incheon International Airport. According to airport data, KT&G product sales at Korea’s leading airport came to 103.1 billion won ($92.7 million) and 71.8 billion won, respectively, in [...]

“Sin Stocks” Gain Thanks to Big-spending Chinese Tourists, Low Interest Rates

SEOUL, June 2 (Korea Bizwire) — “Sin stocks” of tobacco, alcohol and gambling companies have gained this year on the back of deep-pocketed Chinese tourists and low interest rates, data showed Tuesday. Thirty-six sin stocks related to tobacco, alcohol, gambling rose an average of 23.9 percent as of June 1 compared to the beginning of [...]

Foreign Cigarettes Fail Again to Enter Shops for Soldiers

Foreign Cigarettes Fail Again to Enter Shops for Soldiers

SEOUL, April 21 (Korea Bizwire) – Foreign tobacco brands failed again to offer their products to Korean soldiers. According to the Ministry of National Defense Welfare Agency, the four tobacco brands that will be added this year were all from KT&G, including This Africa Mola. At this year’s bidding, brands from KT&G, PMI Korea, BAT Korea and JTI Korea [...]