- KT&G and PMI entered into a supply and distribution agreements in 2020 for the overseas distribution of KT&G's Next Generation Product lil, resulting in expansion into more than 30 markets to date SEOUL, South Korea, March 15, 2024 /PRNewswire/ -- KT&G Corporation's ("KT&G") (KRX:033780) CEO Bok-in Baek and CEO nominee Kyung-man Bang convened a meeting with Philip Morris International Inc.'s ("PMI") CEO Jacek Olczak on March 12, 2024 at the KT&G

TAIPEI, July 27, 2023 /PRNewswire/ -- The winners of the prestigious HR Asia Best Companies to Work for in Asia Taiwan 2023 awards have been announced by HR Asia, a leading publication in the human resources industry. In its eight year, the 2023 Taiwan programme has recognised 94 outstanding organisations that have excelled in creating exemplary work environments for their employees. Congratulations to the Winners of HR Asia Best Companies to Work for in Asia 2023 Taiwan This year

TAIPEI, Aug. 22, 2022 /PRNewswire/ -- 97 companies in Taiwan received the coveted HR Asia Best Companies to Work for in Asia 2022 awards. Congratulations to the Winners of 2022 Taiwan HR Asia Best Companies to Work in Asia With the theme, Diversity, Equity and Inclusion, the awards this year focused on the efforts of companies in promoting diversity and inculcating inclusion in the workplace, while retaining HR Asia's stringent evaluation criteria. In all, 26,200 employees from 330

Philip Morris Korea Inc. has been certified as the ‘Top Employer Asia Pacific 2021’ for its ‘people-centric’ HR philosophy and management amid the COVID-19 pandemic, the company said Tuesday. The South Korean unit of the global cigarette and tobacco manufacturing firm also bagged the ‘Top Employer South Korea 2021’ prize from Top Employers Institute, while winning the honor for the Asia Pacific region for two years in a row. Praveen Upadhyay, Philip Morris

British American Tobacco (BAT) Korea said Thursday it will increase the ratio of non-combustible cigarette products to 50 percent by 2030 to boost sales amid regulations and health concerns over smoking. The British tobacco company has sold the heat-not-burn glo tobacco heating product (THP) series in the Korean market since 2017 on top of its traditional cigarette products. Currently, traditional cigarette products account for 90 percent of BAT Korea's total sales, with the remaining 10 perc

South Korea's food and drug watchdog said Monday it has filed a response to Philip Morris Korea Inc.'s lawsuit over the disclosure of information on its research on harmful substances found in alternative tobacco products.The Ministry of Food and Drug Safety said it has selected a local law firm to prepare for a legal battle with Philip Morris after filing a statement to the Seoul Administrative Court on Saturday. IQOS (Yonhap)The ministry and the local unit of global tobacco giant Philip Morris

Philip Morris Korea Inc. said Thursday that it will begin selling its tobacco sticks, called Heets, produced at its factory in South Korea later this month.To this point, Philip Morris Korea imported Heets for sale in South Korea. Heets (Yonhap)Philip Morris Korea has expanded its production facility in Yangsan, the first facility in Asia to manufacture heated tobacco units for its tobacco heating device IQOS. Yangsan is a city located about 420 kilometers southeast of Seoul.The share of Heets,

Philip Morris Korea Inc. said it filed a suit against the Seoul government on Monday, demanding the disclosure of detailed information on its recent announcement over research on harmful substances found in alternative tobacco products. In June, the Ministry of Food and Drug Safety said five cancer-causing substances were found in heat-not-burn tobacco products sold in the local market, with the level of tar detected in some of them exceeding that of conventional cigarettes. The ministry made th

The South Korean unit of Philip Morris International Inc. said Friday it will jack up the price of its heat-and-burn electronic cigarette by nearly 4.7 percent next week.The per-pack price of HEETS, the tobacco units used with its electronic tobacco heating device IQOS, will go up to 4,500 won ($4.13) starting Wednesday, a 4.65 percent increase from the current 4,300 won.The envisioned price raise is to reflect a recent jump in the individual consumption tax imposed on heat-and-burn products and

KT&G Corp. South Korea‘s leading cigarette maker, on Monday officially began selling its new tobacco-heating device, amid growing popularity of heat-not-burn (HNB) products in the country.　The new product, dubbed lil, heats up tobacco leaves without generating smoke using battery power, according to the company.　KT&G said the 10,000 units it put on the market via pre-order were sold out in just two days last week. The consumers who purchased the items during the period can pick up the devices st

South Korean lawmakers are poised to grill CEOs of four tobacco companies operating in the country over their suspected tax evasion during a parliamentary audit this week, industry sources said Tuesday.South Korea's sole tobacco maker KT&G, Philip Morris Korea, British American Tobacco Korea and Japan Tobacco Inc. are suspected of dodging taxes on huge profits from a tobacco price hike last year.According to the sources, the National Assembly's safety and administration committee has summoned th

Australia will become the first nation to ban brand names on cigarette packaging and will *raise tobacco taxes to combat smoking. The nation’s Prime Minister even *called smoking the biggest cause of premature death. A 25 percent tobacco tax increase will *apply from midnight tonight and laws to mandate plain packaging will be introduced *in 18 months. Some experts say companies like Philip Morris International Inc. may gain as much as $4 billion *in compensation because the laws may mean they l

Philip Morris Korea has rolled out Marlboro Zing Fusion, the latest brand from its flagship Marlboro lineup, in Korea on Wednesday. “In addition to Marlboro’s signature smooth taste, the capsule-inserted cigarette exudes a distinctive note of refreshing MixballTM capsule,” the Korean operation of the world’s largest tobacco maker said.  Marlboro Zing FusionBefore this, the company launched a number of brands in the Marlboro Fresh category, including Marlboro Ice Blast and Marlboro Hybrid, target

MIAMI (AP) ― A Florida jury has slammed the R.J. Reynolds Tobacco Co. with $23.6 billion in punitive damages in a lawsuit filed by the widow of a longtime smoker who died of lung cancer in 1996.The case is one of thousands filed in Florida after the state Supreme Court in 2006 tossed out a $145 billion class action verdict. That ruling also said smokers and their families need only prove addiction and that smoking caused their illnesses or deaths. Last year, Florida’s highest court reapproved th

Sales of cigarettes in South Korea last year fell from a year earlier due mainly to an economic slowdown and widespread anti-smoking movements, industry data showed Monday.According to the data, Ministop Korea, the local operator of the Japan-based convenience chain store, saw its cigarette sales fall 7.6 percent on-year in 2012.Korea Seven Co. said cigarette sales at its 7-Eleven convenience stores dropped 4.3 percent on-year in 2012, and GS25 chains, run by local retail conglomerate GS Corp.,