Korea to Raise Prices of Cigarettes

D-Bo , July 1, 2014, 9:20 a.m.


The Ministry of Health and Welfare is looking to increase the cost of cigarettes to help lower the country’s smoking rate.  In Korea, a pack of 20 cigarettes costs about W2,500 or about $2.50 US, the lowest price among OECD nations. 

Norway has the most expensive cigarettes, more than six times the Korean price.  Korea's smoking rate was the second highest among OECD member countries last year.

 

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