Vaping Hit Hard in South Korea: Q4 Convenience Store Sales Down 90%
According to NIKKEI, South Korean vaping manufacturers suffered another setback after the Constitutional Court swiftly dismissed a petition from an industry group. Government data showed vaping product sales fell 14.2% in the third quarter of 2019 from th
According to NIKKEI, South Korean e-cigarette manufacturers faced further setbacks after the Constitutional Court swiftly dismissed a petition from an e-cigarette industry group.<\/div>
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Government data shows that e-cigarette sales fell by 14.2% in the third quarter of 2019 compared to the previous quarter, and then dropped by 5.7% in the fourth quarter.<\/div>
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The decline was largely due to the decision of the country's four major convenience store chains—CU, GS25, 7-11, and E-Mart 24—to stop selling flavored e-cigarettes.<\/div>
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Government data indicates that e-cigarette sales at convenience stores fell by 89.8% in the fourth quarter of last year. The sales decline in the second half of last year marked a sharp turnaround starting this year.<\/div>
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Data from the South Korean Ministry of Finance shows that in the first quarter of 2019, sales of e-cigarettes and non-heated tobacco products grew by 37%, accounting for nearly 11% of the entire tobacco market.<\/div>
