KT&G’s overseas sales increase dramatically

KT&G’s overseas sales of cigarettes are this year expected to overtake its domestic sales, partly because of a strong export performance but also because of a huge fall in domestic sales at the start of this year following an 80 percent increase in prices, according to a story in The Korea Herald.

The company was said to have reported that its export sales had reached 500.2 billion, with sales of its cigarettes produced outside South Korea taking the total of its overseas sales to 532.1 billion.

KT&G’s overseas cigarette sales have risen dramatically, according to The Herald. They stood at 2.5 billion cigarettes in 1999, at 28.5 billion in 2005 and at 40.7 billion in 2012.

The South Korean tobacco manufacturer now sells cigarettes in more than 50 countries of Southeast Asia, the Americas and Europe.