Parties agree to raise cigarette tax by W2,000
Social affairsNov 28, 2014
The nation’s ruling and opposition parties tentatively agreed to raise the tax on cigarettes by 2,000 won ($1.80) per pack next year during their review of the 2015 budget.Under the agreement between the Saenuri Party and the New Politics Alliance for Democracy, the cigarette prices are likely to range between 4,300 won and 5,000 won, depending on the product.The government announced in September that it would push to raise tobacco prices by 80 percent by January as part of its measures to decre