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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 [...]

BAT Rolls out Dunhill Compact for Price-Sensitive Consumers

BAT Rolls out Dunhill Compact for Price-Sensitive Consumers

SEOUL, Feb. 8 (Korea Bizwire) — Bolstered by its rising market share, British American Tobacco (BAT) Korea, is showcasing another marketing tactic: a compact cigarette pack at an ‘affordable’ price. BAT Korea announced on February 6 that it would launch a limited edition called Dunhill Pocket Pack, a 14-cigarette pack for 3,000 won (US$ 2.75). Although [...]

Tobacco Companies Terminating Unpopular Products after Price Hike

Tobacco Companies Terminating Unpopular Products after Price Hike

SEOUL, Jan. 11 (Korea Bizwire) – Tobacco companies are stopping the sale of unpopular products due to recent setbacks caused by government-mandated increases in cigarette prices. British American Tobacco (BAT) Korea, the second largest tobacco company in Korea, decided to stop sales of Lucky Strike, one of its oldest brands, in order to focus on sales [...]

Airports Busy With Smokers Buying Tax Free Cigarettes

Airports Busy With Smokers Buying Tax Free Cigarettes

  SEOUL, Jan. 8 (Korea Bizwire) – Incheon International Airport’s tax-free cigarette booths are swarming with Korean tourists lining up to buy tax-free cigarettes these days. With a pack of cigarettes in Korea now selling for more than 4,000 won (US$ 3.6), tax-free cigarettes have become a must-buy item on travelers’ shopping lists. However, this safe [...]

Sejong City to Build High-end Shopping Street along Riverbank

Sejong City to Build High-end Shopping Street along Riverbank

SEOUL, Nov. 5 (Korea Bizwire) – An upscale open-street shopping mall will spring up along the Bangchuk Stream in the Sejong metropolitan autonomous city by 2017. The Multifunctional Administrative City Construction Agency said on November 3 that it signed land sale contracts with four final bidders. Since August this year, the agency has invited bidders to build [...]