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BAT to Launch Synthetic Nicotine e-Cigarette in South Korea

Sep.23.2024
BAT to Launch Synthetic Nicotine e-Cigarette in South Korea
BAT plans to release a synthetic nicotine e-cigarette named "Nomad" in South Korea, taking advantage of legal loopholes there.

According to N.News on September 23rd, British American Tobacco (BAT) announced that they will be releasing a synthetic nicotine e-cigarette in November.


British American Tobacco's South Korean subsidiary revealed on the 23rd that its synthetic nicotine e-cigarette, named "Nomad", has applied for a trademark and is scheduled to be officially launched in November.


BAT hinted as early as May of this year that it was planning to launch this new product. Currently, South Korea will be the only country in the world to sell this synthetic nicotine e-cigarette.


Industry insiders believe that BAT is interested in South Korea due to the lack of clear legal regulations on synthetic nicotine e-cigarettes in the country. According to current tobacco laws in South Korea, only products made from tobacco leaves are recognized, so synthetic nicotine e-cigarettes are not considered traditional tobacco products. This allows them to be sold online and to minors without restrictions.


In addition, these synthetic nicotine e-cigarettes are not subject to taxation, which means their prices may be lower than regular tobacco and traditional e-cigarettes.


According to reports, discussions regarding legal amendments in South Korea have been stalled. During the 21st National Assembly session, four bills aimed at expanding the definition of tobacco to include synthetic nicotine products were proposed, but were ultimately scrapped as the parliamentary term came to an end. In the 22nd National Assembly, there are currently five related bills proposed.


References:
[1] BAT, 11월 한국서 합성 니코틴 액상담배 출시…"규제 공백 노려"
Also Read:
[1] BAT Presents Innovative Vuse Go Device at InterTabac Expo
[2] BAT Delays Launch of Synthetic Nicotine E-cigarette to Q4.
[3] South Korea Faces Tax Loss and Teen Vaping Issue
[4] Supporting Amendment to Classify Synthetic Nicotine as Tobacco: Asia Time
[5] Korean Government Plans to Regulate Synthetic Nicotine Products
[6] South Korea Considers Taxation on Synthetic Nicotine Products
[7] Korean Government Plans to Regulate Synthetic Nicotine E-cigarettes
[8] The Danger of Synthetic Nicotine E-cigarettes in South Korea
[9] Booming Consulting Industry for Synthetic Nicotine E-cigarettes in Korea
#Legislation#Asia#South Korea#Synthetic nicotine e-cigarettes

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