[Intl-tobacco] S Korea To Up Tariff On Imported Cigarettes 20% From 10%

[Robert Weissman]

S Korea To Up Tariff On Imported Cigarettes 20% From 10%

by So-Eui Rhee, Dow Jones Newswires
Source: Dow Jones via Yahoo, 2002-06-20, via tobacco.org
http://story.news.yahoo.com/news?tmpl=story&u=/dowjones/20020620/bs_dowjones/s_korea_to_up_tariff_on_imported_cigarettes_20__from_10_

Thu Jun 20, 2:06 AM ET

SEOUL -(Dow Jones)- The South Korean government will raise the
tariff on
imported cigarettes to 20% from the current 10%, starting July 1 ,
the Ministry
of Finance and Economy said Thursday.

The tariff was introduced in July last year, when the government
first allowed
competition in the then-monopoly tobacco manufacturing market. The
government
plans to raise the tariff by 10 percentage points each year, until
a 40% tariff
is reached in July 2004 .

The tariff doesn't apply to raw tobacco.