BAT Plans to Launch Synthetic Nicotine E-cigarette

BAT by 2FIRSTS.ai
May.08.2024
BAT Plans to Launch Synthetic Nicotine E-cigarette
BAT plans to launch synthetic nicotine e-cigarettes in South Korea to exploit legal loopholes in the market.

According to a report by the South Korean news agency Yonhap on May 8, the global tobacco company British American Tobacco (BAT) plans to launch a new synthetic nicotine e-cigarette product as early as the third quarter of this year.

 

According to reports, British American Tobacco's South Korean subsidiary, Rothmans, stated that the company is considering launching a synthetic nicotine e-cigarette. However, it is still in the preparation stage and the specific release date and product specifications are not yet clear.

 

It is worth noting that the British American Tobacco Group is considering launching a synthetic nicotine e-cigarette, with South Korea being the only place in the world where this is being considered. This is due to the fact that synthetic nicotine e-cigarettes in South Korea are not subject to tobacco industry regulations, creating a unique market environment.

 

According to tobacco industry regulations, only products containing tobacco leaves as ingredients are defined as tobacco, so synthetic nicotine tobacco is not considered tobacco. It can be sold and promoted online without warning labels and images. Additionally, selling to minors does not result in penalties. Synthetic nicotine e-cigarettes are also not subject to taxation or additional taxes.

 

In response, British American Tobacco has hinted that it will sell its new products at a lower price than existing e-cigarettes. A representative of BAT Rothmans said, "If we save on taxes and additional costs in synthetic nicotine products, we will pass on this discount to consumers."

 

In regards to the possibility of synthetic nicotine e-cigarettes becoming a "loophole" in current laws, BAT Rothmans stated in a statement that the company agrees that "regulations for synthetic nicotine tobacco should be implemented in the same way as regular tobacco" and supports the introduction of reasonable regulations.

 

They also stated that, "Regardless of the implementation of tobacco regulations on synthetic nicotine, they will voluntarily comply with various tobacco regulations and policies related to health in Korea." They promised to avoid design elements that appeal to minors and strictly adhere to age verification systems for responsible sales activities. They also mentioned, "The company is investing over 500 billion KRW annually and approximately 50 billion KRW in research and development funds to enhance the capabilities of the research and development innovation center. Based on research and development technology, they will launch safe and high-quality products."

 

Notice

1. This article is provided exclusively for professional research purposes related to industry, technology and policy. Any reference to brands or products is made solely for the purpose of objective description and does not constitute an endorsement, recommendation, or promotion of any brand or product.

2. The use of nicotine products, including but not limited to cigarettes, e-cigarettes, and heated tobacco products, is associated with significant health risks. Users are required to comply with all relevant laws and regulations in their respective jurisdictions.

3. This article is strictly restricted from being accessed or viewed by individuals under the legal age.

Copyright

This article is either an original work by 2Firsts or a reproduction from third-party sources with the original source clearly indicated. The copyright and usage rights of this article belong to 2Firsts or the original source. Unauthorized reproduction, distribution, or any other unauthorized use of this article by any entity or individual is strictly prohibited. Violators will be held legally responsible. For copyright-related matters, please contact: info@2firsts.com

AI Assistance Disclaimer

This article may have utilized AI to enhance translation and editing efficiency. However, due to technical limitations, errors may occur. Readers are advised to refer to the sources provided for more accurate information.

This article should not be used as a basis for any investment decisions or advice, and 2Firsts assumes no direct or indirect liability for any errors in the content.

Australia Bans E-cigarette Sales Outside Pharmacies in Landmark Law
Australia Bans E-cigarette Sales Outside Pharmacies in Landmark Law
Australia becomes the first country to ban the sale of e-cigarettes outside of pharmacies, effective July 1.
Regulations
Jul.01 by 2FIRSTS.ai
Hong Kong Discusses Opening up Electronic Cigarette Transshipment via Sea and Air Freight
Hong Kong Discusses Opening up Electronic Cigarette Transshipment via Sea and Air Freight
Hong Kong government considers opening up sea and air transportation for e-cigarettes; lawmakers express doubts and call for further solutions.
Nov.29 by 2FIRSTS.ai
Prevalence and Patterns of Smoking in South Korea
Prevalence and Patterns of Smoking in South Korea
Researchers at Seoul National University Hospital found that South Korean men are using more heated tobacco products than e-cigarettes.
Oct.24 by 2FIRSTS.ai
Illinois Allocates $24 Million for Youth Nicotine Prevention from Juul
Illinois Allocates $24 Million for Youth Nicotine Prevention from Juul
Illinois to allocate $24 million from Juul's $4.62 billion settlement for teen nicotine prevention through Truth Initiative.
Apr.17 by 2FIRSTS.ai
Council Investigates Shops for Selling to Minors
Council officials investigated 11 shops in Stoke-on-Trent, with three being investigated for selling e-cigarettes to minors.
Aug.02 by 2FIRSTS.ai
Interview with ELUX: Swedish-made nicotine pouches exceed 1 million units in monthly sales
Interview with ELUX: Swedish-made nicotine pouches exceed 1 million units in monthly sales
ELUX's UK market director Kobe revealed that ELUX plans to focus on promoting e-liquids and open system vapes in the UK market with its newly launched nicotine pouch product, which is manufactured in Sweden. Since its launch just over a month ago, the product has already reached a shipment milestone of 1 million boxes.
Oct.28 by 2FIRSTS.ai