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Cigarettes Korea

Gov’t to Seek 2,000 Won Cigarette Price Hike

THE HAPS

 

Health and Welfare Minister Moon Hyung-pyo says that the government will seek a 2,000 won increase in cigarette prices.

In a meeting with reporters yesterday, Moon said that he believes the most effective way to reduce the country’s smoking rate is to raise the price of cigarettes, suggesting a 4,500 won per pack price.

The minister cited that the nation’s smoking rate dropped by 15 percent when the government raised cigarette prices 500 won in 2004, but the rate has not decreased further since 2008.

Moon said that the ministry plans to secure the parliament’s approval of a revision on raising tobacco tax during the current assembly session

South Korea remains one of the cheapest nations in the world to buy cigarettes.

Source: Busan eFM News


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