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 [...]
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 [...]
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 [...]
SEOUL, Dec 26 (Korea Bizwire) – As the government raises the cigarette price by 80 percent effective on January 1 next year, most of the cigarette brands will be subject to a 2,000-won-a-pack increase to 4,500-4,700 won. But some of the brands sold by foreign tobacco companies that have not submitted a price change report with [...]
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 [...]
SEOUL, Sep. 15 (Korea Bizwire) – The first trial in a 53.7-billion-won lawsuit raised by the National Health Insurance Corporation against major tobacco companies was held in the afternoon of September 12 at the Seoul Central District Court. The defendants in the court were KT&G, Philip Morris Korea and BAT Korea. Chung Mi-hwa, the lead attorney [...]
SEOUL, May 29 (Korea Bizwire) – What do you do when you can’t decide between vanilla and chocolate? Or pepperoni and Hawaiian, for that matter? Luckily, now you can have mixed cones and split-up pizzas for that, but certainly there are moments in life where you wish you don’t have to make such “difficult” decisions. [...]
SEOUL, May 13 (Korea Bizwire) – Imported cigarette brands have been doing badly for the past few years. That’s largely because of higher prices set above those of home-made brands, combined with the widespread no-smoking trend. According to the Korea Smokers Association and convenience store industry sources, the total number of cigarettes sold last year was [...]
SEOUL, Korea, April 11 (Korea Bizwire) – The Supreme Court said on April 10 that there is not enough evidence to prove the causal link between smoking and lung cancer for the plaintiffs and ruled in favor of the defendant Korea Tobacco & Ginseng Corp. The Supreme Court justices remarked, “Even though there is indeed [...]