Chinese Tourists’ Demand for Korean Tobacco Prompts Delays in Price Increases

SEOUL, Mar. 6 (Korea Bizwire) — The Korean government has postponed its plan to increase cigarette prices in tax-free stores, due to an increase in demand from Chinese tourists for Korean cigarettes, and a decrease in hoarding sprees that started with the cigarette price hike, according to an individual related to the Ministry of Strategy and Finance [...]