Tobacco Shipments Hit 8-Year High in September

Write : 2014-11-02 14:14:18 Update : 2014-11-02 14:16:26

Tobacco Shipments Hit 8-Year High in September

Tobacco shipments for the domestic market hit an eight-year-high in September, when the government announced a plan to hike cigarette prices.

Statistics Korea said Sunday that the domestic shipment index of the tobacco industry marked 138-point-six in September, the largest since September 2006.

The rise is attributed to a continued increase in demand as the government started mentioning the possible hikes of tobacco prices in the middle of the year.

KT&G, South Korea's largest tobacco manufacturer, shipped out 15-point-two billion cigarettes at home in the third quarter, up nine percent from the previous quarter. 

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