KT&G Products Face New Domestic Market Regulations Amid Price Debate
1 report, 1 independent
Updated Wed 00:00
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What happened
KT&G products are subject to new domestic market regulations as of November 11, 2026. This regulatory change occurs amid a debate over cigarette pricing, where a medical expert proposed increasing the price of a pack from 4,500 won to 8,500 won to reduce smoking rates. The current price has remained unchanged since 2015.
From koreaherald.com
Why it matters
The debate has implications for public finances, as tobacco taxes and levies help fund public health programs and services like firefighting. The expert estimated that a nearly 89 percent price increase could generate an additional 2.76 trillion won annually in tax revenue.
From koreaherald.com
Who's involved
- KT>he company whose products are subject to new domestic market regulations