The report titled "Market Report: South Korea - Traditional cigarette market shares continue to decline, while e-cigarettes witness slight growth" has been added to the archives of ResearchAndMarkets.com. While the report notes a decrease in smoking rates and an increase in the use of safer alternatives to tobacco, it highlights that pending legislation could have negative implications for the market.
A report indicates that South Korea's electronic cigarette imports and exports are expected to decline in 2021. It also notes that China is the most important import market and Russia is the main export destination. As online sales of e-liquids are banned in South Korea, physical electronic cigarette stores remain the primary sales point for these products.
A few years ago, South Korea was among the world's fastest-growing markets for e-cigarettes, attracting the attention of major international manufacturers such as Juul Labs. However, in 2020, the government urged the public not to use e-cigarettes, and the industry took a hit when the major convenience store chain GS25 stopped selling flavored e-cigarette products from Juul Labs and local company KT&G.
Following this, the South Korean army announced a ban on the use and possession of electronic devices in its bases, sending a clear message to the public about strict regulation of electronic cigarettes. Additionally, a CNBC article at the time explained that this move was significant as South Korea has a large military of approximately 600,000 soldiers, primarily consisting of men, and Korean men still rank among the highest smokers in the world. Click to see the original report link.
Statement:
This article is compiled from third-party information and is for industry exchange and learning purposes only.
This article does not represent the viewpoint of 2FIRSTS, and 2FIRSTS cannot confirm the truthfulness or accuracy of the article's content. The translation of this article is solely intended for industry communications and research purposes.
Due to the limitations of our translation abilities, the translated article may not convey the exact same meaning as the original. Please refer to the original article for more accurate information.
2FIRSTS maintains complete alignment with the Chinese government on all statements and positions related to domestic, Hong Kong, Macau, Taiwan, and foreign issues.
The rights to compile information belong to the original media and authors, and if there is any infringement, please contact us for deletion.
This document has been generated through artificial intelligence translation and is provided solely for the purposes of industry discourse and learning. Please note that the intellectual property rights of the content belong to the original media source or author. Owing to certain limitations in the translation process, there may be discrepancies between the translated text and the original content. We recommend referring to the original source for complete accuracy. In case of any inaccuracies, we invite you to reach out to us with corrections. If you believe any content has infringed upon your rights, please contact us immediately for its removal.
