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Government to Regulate Synthetic Nicotine as Tobacco Under New Legislation

Government to Regulate Synthetic Nicotine as Tobacco Under New Legislation

SEOUL, May 15 (Korea Bizwire) –The government plans to amend tobacco-related laws to designate synthetic nicotine as a type of tobacco in order to regulate the product category seeing growing popularity among young smokers, according to officials Wednesday. The Ministry of Health and Welfare and the Ministry of Economy and Finance plan to push for [...]

South Korea Weighs Taxing Synthetic Nicotine Products as Regulation Debate Intensifies

South Korea Weighs Taxing Synthetic Nicotine Products as Regulation Debate Intensifies

SEOUL, May 14 (Korea Bizwire) – As the South Korean government accelerates research into the potential hazards of synthetic nicotine to determine regulatory measures, attention is turning to whether these products could be subject to tobacco taxes. If synthetic nicotine is included under the Tobacco Business Act’s regulatory purview, liquid-based synthetic nicotine products, which have so [...]