TOBACCO TRADE BETWEEN EU AND SOUTH KOREA COULD BE BOOSTED BY NEW TRADE DEAL
October 1st, 2009
BY KARRYN MILLER, KEITH NUTHALL and ALAN OSBORN
DESPITE following the global trend of increasing anti-smoking campaigns and placing stronger warning labels on cigarette packets, tobacco sales in South Korea are not declining. In fact, the industry has seen a slow but steady rise in total sales over the last few years.
According to Euromonitor International, total expenditure on tobacco in the country during 2008 was US$5.1 billion (Euro 3.4 billion), an increase from US$4.8 billion (Euro 3.2 billion) the year prior. Market leader KT&G's total net sales in ...
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