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The cigarette price hike was intended to curb South Korea's smoking rate. (Photo by Chung Sung Jun/Getty Images)

Dec 27, 2015 PM EST - Therese Agcopra

Cigarette Price Hikes Pushes South Korea's Tax Income To $3.66 Billion For 2015

Cigarette prices were increaed from $2.3 dollars to $3.66 in January this year.

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