South Korea to sharply hike tobacco prices starting next year
Cigarette packaging
Seoul - Yonhap
South Korea said Thursday that it will seek to hike tobacco prices by 80 percent starting January as part of comprehensive anti-smoking measures to cut the country's high smoking rate.
The government said that it plans to push for raising tobacco prices by 2,000 won (US$1.95) per pack to 4,500 won, adding that it will continue to hike cigarette prices in tandem with inflationary pressure.
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