tobacco Archives | Be Korea-savvy
Warning Labels to Be Added to Cigarettes Sold at Duty Free Shops

Warning Labels to Be Added to Cigarettes Sold at Duty Free Shops

SEOUL, South Korea, March 23 (Korea Bizwire) – Graphic warning labels printed on tobacco packages will now be seen on packages of cigarettes sold at duty free shops. The Ministry of Strategy and Finance (MOSF) announced Wednesday that cigarette products exported from foreign countries for sale at duty free stores will also be subject to the [...]

KT&G Enjoys High Profitability Due to Strong Demand Abroad: Data

KT&G Enjoys High Profitability Due to Strong Demand Abroad: Data

SEOUL, March 14 (Korea Bizwire) – KT&G Corp., South Korea’s largest tobacco product manufacturer, said Tuesday it posted solid profitability last year due to growing demand abroad despite falling domestic consumption. The company said its sales rose to 2.96 trillion won (US$2.57 billion) in 2016, up from 2.82 trillion won in the previous year. The [...]

Sales Down Following Introduction of Graphic Cigarette Warnings

Sales Down Following Introduction of Graphic Cigarette Warnings

SEJONG, March 13 (Korea Bizwire) – Sales of cigarettes in South Korea fell for three straight months in February following the government push to imprint health warning graphics on the outside of packages, government data showed Monday. Some 240 million 20-packs of cigarettes were sold last month, down 14 percent from a year earlier, according [...]

Tobacco Tax Hike Boon for Imported Cigarettes

Tobacco Tax Hike Boon for Imported Cigarettes

SEOUL, Jan. 31 (Korea Bizwire) – It has been two years since the Korean government raised its tobacco tax by 80 percent.  Whether it helped to promote public health and bring down the smoking rate is still open to debate, but it was undoubtedly a lucrative decision for both the government and cigarette companies, especially [...]

A Stressful Year? Cigarette Sales Rise in 2016, Boosting Government Coffers

A Stressful Year? Cigarette Sales Rise in 2016, Boosting Government Coffers

SEOUL, Jan. 13 (Korea Bizwire) – It’s already two weeks into the new year, which means that more than a few smokers will have failed, once again, with their resolution to butt out.  Cessation clinics in Korea tend to boom in early January, with smokers excited about the new, healthy lives that they’re about to [...]

Smokers Pressure Government to Repeal Tobacco Tax Hike

Smokers Pressure Government to Repeal Tobacco Tax Hike

SEOUL, Dec. 8 (Korea Bizwire) – Members of the “I Love Smoking” group gathered outside the National Assembly building in Seoul Thursday demanding that the government repeal Korea’s cigarette price hike, which took effect in January 2015, and raised cigarette prices by 2,000 won ($1.76) per pack. Protestors held pickets alleging that the tobacco policy [...]

Cigarette Package Warning Images Have Limited Effect on Tobacco Consumption

Cigarette Package Warning Images Have Limited Effect on Tobacco Consumption

SEOUL, Oct. 18 (Korea Bizwire) – A recent report by the National Assembly Budget Office forecasted that the upcoming mandate to include warning images on cigarette packages will help reduce Korea’s tobacco consumption, though the effects will be “limited”.  According to the NABO report National Tax Income Forecast 2016 – 2020, total shipments of cigarettes [...]