Tag: korea

Korea to ban product discriptors

Korea to ban product discriptors

| June 30, 2014

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 […]

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Zimbabwe sales near to 2001 peak

Zimbabwe sales near to 2001 peak

| June 30, 2014

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 […]

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Seoul may link cigarette prices to inflation

Seoul may link cigarette prices to inflation

| May 10, 2013

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 […]

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Tobacco firms may face health care lawsuits by Korea’s national insurer

Tobacco firms may face health care lawsuits by Korea’s national insurer

| April 12, 2013

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 […]

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