BAT Korea announces tax-induced price rises

BAT Korea announces tax-induced price rises

British American Tobacco Korea said yesterday that it would raise the price of a pack of Dunhill cigarettes from WON2,700 to WON4,500 from January 13, according to a story in The Korea Times quoting a BAT official.

And it said it would raise the price of Dunhill again in February – to WON4,700.

The price rises are the company’s response to the government’s WON2,000 tax increase on a pack of cigarettes that took effect from January 1.

KT&G, the leading cigarette provider in South Korea, raised the price of its products by WON2,000 per pack from the start of the year.

Source: http://www.tobaccoreporter.com/2015/01/bat-korea-announces-tax-induced-price-rises/