According to a recent report from the Korean daily Dong-A Ilbo, the South Korean Ministry of Finance has expressed opposition to the proposed revision of the Tobacco Business Act, which is known as the "e-cigarette tax evasion prevention law.
This revision regulation will subject e-cigarettes that use synthetic nicotine as raw materials to the same level of regulation as traditional cigarettes. This move will amplify the loopholes in the regulation regarding the risks of synthetic nicotine, the collection of cigarette taxes, and the increase in import quantity rapidly.
However, the Ministry of Finance, in its report submitted to the South Korean parliament, expressed support for "expanding the range of tobacco raw materials to eliminate regulatory loopholes in tobacco control." However, it believes that "considering synthetic nicotine as a tobacco raw material is premature," essentially opposing the "e-cigarette tax evasion prevention law.
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