Discussions regarding a tobacco price hike are resurfacing as Minister of Health and Welfare Jeong Eun-kyeong recently mentioned the need to review tobacco pricing policies. Public opinion polls also indicate that support for raising tobacco taxes is dominant. Academics are also calling for gradual and regular increases that reflect inflation. Since a single hike in 2015, the average price of cigarettes in Korea has remained at 4,500 won for 11 …
Discussions regarding a tobacco price hike are resurfacing as Minister of Health and Welfare Jeong Eun-kyeong recently mentioned the need to review tobacco pricing policies. Public opinion polls also indicate that support for raising tobacco taxes is dominant. Academics are also calling for gradual and regular increases that reflect inflation. Since a single hike in 2015, the average price of cigarettes in Korea has remained at 4,500 won for 11 …