KT&G shrugs off military ban
1-Aug-2006
South Korean tobacco supplier Korea Tobacco & Ginseng Corp (KT&G) has reported a 16% rise in second-quarter profit compared with the same period last year, dismissing concerns that a recently-introduced ban on sales to Korean military personnel would be damaging
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Net profit grew to W156.1bn ($164.3m), driven by sales of Pine, Esse, Zest and Cima cigarettes both in its home market and abroad.
Last year the South Korean government withdrew
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(1-Feb-2006) - Tobacco brands from international suppliers will not be affected by South Korea's decision to ban duty-free tobacco sales to its military personnel, industry campaigners have told DFNI
(5-Jan-2006) - The proposed ban on duty-free tobacco sales to military personnel will only affect local brands, DFNI Asia can reveal
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(31-Mar-2005) - The country's duty-free industry is on alert as the Korean Health Promotion Bureau lobbies for the adoption of the WHO's Framework Convention on Tobacco Control and the withdrawal of tax-free sales at military stores
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KT&G shrugs off military ban