According to N. News reported on Jan 2, according to industry sources on the 2nd, the South Korean National Assembly believes that it is possible to amend the Tobacco Business Law in the first half of 2025, and it will be carried out in January or February at the earliest.
Revision of Korea’s Tobacco Business Act expected as early as Jan or Feb
Last year. BAT Rothmans Korea entered the synthetic nicotine market, triggering discussions about amending the Tobacco Business Act. The bill is expected to be passed in 2025, although there is a bipartisan consensus on the need for regulation, and political instability remains an obstacle.
It has been pointed out that tobacco tar-producing vapes are becoming entry-level cigarette products for teenagers. Since no designated license is required, such products can be sold through a variety of channels, including online shopping malls, vending machines Internet cafes, and even vape brands that mimic the shape of cosmetics and watches.
BAT was positive about entering the market, saying there was no reason not to launch goods without regulation, but also supported reasonable regulatory needs. However, the political situation remains a problem. Because the Tobacco Law involves tax issues, it is mainly the responsibility of the Ministry of Finance. However, President Yoon Seok-you and President Han Duck-soo’s Deputy Prime Minister and Finance Minister Choi Sang-moo served as Prime ministers to remove the president.
Many believe that the parties are not too conflicted about the importance of introduction and control. The amendments could be enacted or implemented before the regular National Assembly session in early 2025 or September. An industry source said that despite strong opposition from the vape. Tobacco, and Petroleum Safety Association, these opinions have not been widely accepted. The all-party standing committee reportedly reached a consensus and is expected to be revised in January. If the acting president’s schedule permits, it is expected to be introduced before February.
