SEOUL, Jan. 28 (Korea Bizwire) — Sales of cigarettes in South Korea almost remained unchanged last year from a year earlier, but demand for electronic cigarettes rose amid the protracted pandemic, the finance ministry said Friday. South Korean smokers purchased 3.59 billion 20-cigarette packs in 2021, similar to the number logged the previous year, according [...]
SEOUL, Nov. 26 (Korea Bizwire) — South Korea’s food and drug watchdog said Monday it has filed a response to Philip Morris Korea Inc.’s lawsuit over the disclosure of information on its research on harmful substances found in alternative tobacco products. The Ministry of Food and Drug Safety said it has selected a local law [...]
SEOUL, Oct. 7 (Korea Bizwire) – As the government’s decision to raise the cigarette prices by 80 percent from early next year has become the talk of the town, the scale of tobacco smuggling is getting bigger. According to data submitted by the Korea Customs Service requested by Congressman BakMaeng-woo (New Frontier Party), the value of smuggled tobacco [...]