Tuesday, October 15, 2002

Phillip Morris begins production in Korea. The money graf (as they say in the business) is this:

South Korea is the eighth-largest cigarette market in the world. More than a quarter of the population, 13 million out of 48 million people, are smokers, and they consume approximately 100 billion cigarettes a year, about 20 percent of them imports.

As things get tighter for big tobacco in the states, it can expand abroad. Go Marlboro Man!

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