Those who hoard cigarettes to be fined up to 50 million won

By Park Sae-jin Posted : September 12, 2014, 16:20 Updated : September 12, 2014, 17:44

 

Those who hoard cigarettes will be fined up to 50 million won (about US$48,200), the Ministry of Strategy and Finance announced Friday. The announcement came a day after the Ministry of Health and Welfare said that it would push to raise tobacco prices by 80 percent starting Jan. 1, 2015 to help cut the country’s smoking rate. The government’s plan to raise cigarette prices by 2,000 won to 4,500 won per pack is subject to approval by the National Assembly.
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