Shin Se-don, professor emeritus of economics at Sookmyung Womens University, pointed to Koreas cigarette price being lower than the OECD average of about 10,000 won, saying, Such a low price makes for another good reason for a price hike. Inha University economics professor Shin Il-soon added, Id say the parliamentary revision is being made in cooperation with the government to overcome shortfalls in tax revenues. He said the Lee Jae Myung administration has been desperate to secure tax revenue to help implement its expansionary fiscal policy, pointing out that the National Assembly is dominated by the ruling Democratic Party of Korea
"These lawsuits are partly intended to just serve as a deterrent to othercountries," he says
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