The imposition of graphic health warnings on cigarettes sold in South Korea is expected to knock KT&G’s domestic sales initially, but they are expected to rebound before the end of the year.
Cigarette makers in South Korea will be banned from using such words as light, low tar and pure on cigarette packaging from next year, reports The Korea Times. The Ministry of Strategy and Finance announced revised decrees on Sunday to forbid tobacco makers from using such misleading words on packages or in advertisements. The rules […]
Zimbabwe sold nearly 190 million kg during the 2013–2014 season, surpassing the target of 180 million kg, reports New Zimbabwe, quoting the Tobacco Industry and Marketing Board (TIMB). Auction and contract sales fetched a combined $604.7 million. Although auction marketing is set to end soon, contract sales would continue until further notice, TIMB added. In […]
South Korea may link cigarette price hikes to the growth of consumer inflation in an effort to reduce smoking and secure more revenue, reports The Korea Herald. Tobacco prices have been frozen at KRW2,500 ($2.28) per pack for more than eight years. The health ministry earlier said average cigarette prices need to be raised to […]
Korea’s state-run National Health Insurance Service (NHIS) is considering filing lawsuits against cigarette companies to seek compensation for rising health care costs from smoking-related illnesses, according to a story in The Korea Herald. NHIS’ president Kim Jong-dae, said that tobacco companies should no longer be free of responsibility for smoking-related diseases that cost massive amounts […]