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KT&G foreign sales expected to outstrip domestic

KT&G sales abroad are expected to outstrip revenue generated in its home market for the first time this year, the Korea Herald reported

Steep increases in domestic tobacco excise taxes this year accelerated the emphasis placed on foreign markets. Indonesia will be a focus in 2015, the newspaper said, citing e-mail responses by the cigarette maker. Last year the ratio of domestic to foreign sales was 6:4. KT&G in 2011 took a 60 per cent stake in Trisakti Purwosari Makmur, the sixth...

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