Korean smokers are likely to have to pay nearly twice as much for a pack of cigarettes, which currently costs 2,500 won on average, starting next year.
The government announced on Thursday that it would push to raise tobacco prices by 80 percent by January as part of its measures to decrease the country’s high smoking rate among adult males to 29 percent by 2020.
“We will seek to raise tobacco prices by 2,000 won ($1.95) per pack and will also try to introduce a pricing system where cigarette prices will be in tandem with the nation’s inflationary pressure,” Health Minister Moon Hyung-pyo said in a statement.
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