
Tobacco Smuggling Rises Explosively as Gov’t Is Set to Raise Cigarette Price
As the government’s decision to raise the cigarette prices by 80 percent from early next year has become the talk of the town, the scale of tobacco smuggling is getting bigger.
According to data submitted by the Korea Customs Service requested by Congressman BakMaeng-woo (New Frontier Party), the value of smuggled tobacco products caught at the customs rose more than 10 times to 43.69 billion won (US$40.9 million) last year from 4.09 billion won in 2011 and 3.28 billion in 2012.
Related Posts
Holograms to Grow in 2015, says IHMA
The hologram industry is likely to see further growth as the pace at which...
Life has come to standstill in India’s counterfeit capital
KOLKATA: While people in the rest of the country are queuing up outside banks for...
P152 million-worth counterfeit footwear seized in Pampanga
MANILA — Authorities confiscated over 45,000 pairs of counterfeit footwear,...
Cross-border cigarette smuggling ring on trial in China
Nine Chinese nationals stood trial in south China's Guangxi Zhuang Autonomous...