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Is the price of 4,500 won reasonable ?..."Let's raise it more" vs "It's still expensive" [Herald Pick]

The government raised the price of cigarettes from 2,500 won to 4,500 won in 2015 with the aim of expanding smoking cessation and securing tax revenue. Ten years later, if the price of cigarettes were raised again, would more people decide to quit smoking? The Herald Economy conducted a survey on its website from the 22nd to the 26th asking readers whether a pack of cigarettes is 4,500 won. As a result of the survey, 210 out of 379 respondents, or 55.41 percent, said that the price of cigarettes should be raised further. On the other hand, 169 people (44.59%) opposed the price increase, saying that it is "still expensive." The World Health Organization (WHO) considers tax increases, or cigar... [Read more]

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