SEOUL, Sept. 4 (Korea Bizwire) — The National Health Insurance Service (NHIS) has reaffirmed its determination to prevail in its legal battle against tobacco companies, emphasizing the unmistakable causal link between tobacco and cancer. NHIS Chairman Jung Ki-suck drew a parallel between tobacco and drugs during a recent media interview, arguing that both society and tobacco companies, [...]
SEOUL, July 12 (Korea Bizwire) — Korea Environment Corp. (KECO), a state environment promotion agency, said Tuesday that a demonstration facility for carbon capture and utilization technology will be established at a Philip Morris Korea Inc. factory in Yangsan, North Gyeongsang Province. The facility, scheduled to be completed on Thursday, leverages the carbon dioxide absorption [...]
SEOUL, June 13 (Korea Bizwire) — Individuals residing in the countryside consume more alcohol and tobacco compared to those in big cities, but they exhibit better mental health and lower stress levels, a government report showed Monday. The nationwide smoking rate stands at 19.3 percent. Furthermore, the monthly alcohol consumption rate is 57.7 percent, with [...]
SEOUL, July 29 (Korea Bizwire) — Sales of cigarettes in South Korea gained 1.9 percent on-year in the first half of the year on weak demand for duty-free cigarettes amid the coronavirus pandemic and increased sales of heated tobacco products, the finance ministry said Friday. South Korean smokers purchased 1.78 billion 20-cigarette packs in the [...]
BUFFALO, N.Y., Dec. 23 (Korea Bizwire) — 22nd Century Group, Inc. (Nasdaq: XXII), a leading agricultural biotechnology company focused on tobacco harm reduction, reduced nicotine tobacco, and improving health and wellness through modern plant science, announced today that the U.S. Food and Drug Administration (FDA) has authorized the marketing of the Company’s VLN® King and VLN® Menthol King reduced [...]
SEOUL, Dec. 14 (Korea Bizwire) — Foreign tobacco companies have launched eco-friendly programs to promote environmental, social and governance (ESG) management. Philip Morris Korea is replacing packaging materials such as tape and bubble wrap that are used for the delivery of its IQOS tobacco heating device with eco-friendly paper materials on a gradual basis. It [...]
SEOUL, July 30 (Korea Bizwire) — Sales of cigarettes in South Korea went up 0.7 percent on-year in the first half of this year as smokers’ purchases via duty-free channels were thwarted amid the pandemic, the finance ministry said Friday. South Korean smokers purchased 1.74 billion 20-cigarette packs in the January-June period, compared with 1.73 [...]
SEOUL, Jan. 29 (Korea Bizwire) — Sales of cigarettes in South Korea rose 4.1 percent on-year last year as smokers’ purchases via duty-free channels were thwarted amid the pandemic, the finance ministry said Friday. South Korean smokers purchased 3.59 billion 20-cigarette packs last year, compared with 3.45 billion packs the previous year, according to the [...]
SEOUL, Jan. 5 (Korea Bizwire) — South Koreans’ spending on liquor and cigarettes reached an all-time high in the third quarter of 2020 amid the coronavirus outbreak, central bank data showed Tuesday. Local households spent 4.3 trillion won (US$3.96 billion) on alcohol and cigarettes in the July-September period, up 6.2 percent from a year earlier, [...]
SEJONG, Nov. 25 (Korea Bizwire) — South Korea’s household spending on alcohol and cigarettes reached a new record high in the third quarter as the coronavirus outbreak forced more people to stay home, government data showed Wednesday. Local households spent an average of 42,980 won (US$38.7) on liquors and cigarettes during the July-September period, up [...]