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Tag: "korea"

Seoul may link cigarette prices to inflation

Seoul may link cigarette prices to inflation

May 10, 2013 | Comments (0)

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 | Comments (0)

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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