PMI Korea Reports Growth in Sales and Revenue for Consecutive 2 Years

PMI by 2FIRSTS.ai

Apr.03.2024

PMI Korea Reports Growth in Sales and Revenue for Consecutive 2 Years

Philip Morris Korea achieved sales and revenue growth for two consecutive years with the promotion of heated tobacco products.

According to South Korean media outlet MoneyS, Phillip Morris Korea has achieved growth in sales and operating income for two consecutive years through the promotion of its heated tobacco business.

According to the electronic disclosure system of the Financial Supervisory Service of South Korea, Philip Morris Korea's sales last year amounted to 7905.4122 billion Korean won (approximately 71 billion USD), an increase of 15.1% from the previous year. Operating profit was 1057.326 billion Korean won, up 31.1% from the previous year.

Philip Morris Korea had previously announced growth in sales and operating profit for 2022, showing growth for two consecutive years. In particular, operating profit in 2022 increased by 162.7% compared to the previous year. Industry experts attribute this upward trend to the strong performance of the IQOS lluma heated tobacco device.

Philip Morris Korea held a 19.5% market share in the domestic cigarette market last year, including both tobacco and heated tobacco pod products, marking the first increase in market share in five years for the company in South Korea.

References:

[1] "전자담배 잘 나가네"… 한국필립모리스 영업익 31%↑

Also Read:

[1] PMI Appoints Christos Harpantidis as Senior Vice President

[2] BAT's Strategy in Capital Markets and New Tobacco Products

[3] Philip Morris Moldova Introduces IQOS ILUMA Smokeless Tobacco Device

[4] Philip Morris Launches IQOS ILUMA in South Africa

#Asia #South Korea #PMI #Heated tobacco products #Major companies

We welcome news tips, article submissions, interview requests, or comments on this piece.

Please contact us at info@2firsts.com, or reach out to Alan Zhao, CEO of 2Firsts, on LinkedIn

Notice

1. This article is intended solely for professional research purposes related to industry, technology, and policy. Any references to brands or products are made purely for objective description and do not constitute any form of endorsement, recommendation, or promotion by 2Firsts.

2. The use of nicotine-containing products — including, but not limited to, cigarettes, e-cigarettes, nicotine pouchand heated tobacco products — carries significant health risks. Users are responsible for complying with all applicable laws and regulations in their respective jurisdictions.

3. This article is not intended to serve as the basis for any investment decisions or financial advice. 2Firsts assumes no direct or indirect liability for any inaccuracies or errors in the content.

4. Access to this article is strictly prohibited for individuals below the legal age in their jurisdiction.

Copyright

This article is either an original work created by 2Firsts or a reproduction from third-party sources with proper attribution. All copyrights and usage rights belong to 2Firsts or the original content provider. Unauthorized reproduction, distribution, or any other form of unauthorized use by any individual or organization is strictly prohibited. Violators will be held legally accountable.

For copyright-related inquiries, please contact: info@2firsts.com

AI Assistance Disclaimer

This article may have been enhanced using AI tools to improve translation and editorial efficiency. However, due to technical limitations, inaccuracies may occur. Readers are encouraged to refer to the cited sources for the most accurate information.

We welcome any corrections or feedback. Please contact us at: info@2firsts.com

Product | GEEK BAR and Canada’s STLTH Co-Launch 80,000-Puff Vape, Now Available Across Multiple Channels

Canada’s STLTH has teamed up with GEEK BAR to launch the disposable “STLTH X GEEK BAR 80K,” featuring 30 ml of e-liquid and up to 80,000 puffs. The device is now available across multiple retail channels in Canada, priced around C$44.99–48.99.

Oct.30 by 2FIRSTS.ai

Harm Reduction Experts Warn: FCTC COP11 Policies Risk Marginalizing the Global South

Two global tobacco harm reduction experts, in their submission to 2Firsts, argue that several COP11 policy proposals driven by high-income countries do not align with the capacities and conditions of low- and middle-income countries. They highlight research and funding gaps and call for a more equitable global support mechanism.

Nov.19

JT Launches Ploom AURA “Navy Blue” Edition with a Limited-Time Half-Price Offer

From Oct 14, JT will sell the Ploom AURA “Navy Blue” nationwide at convenience stores and select tobacco retailers; the starter kit will be ¥1,480 (down from ¥2,980) from Oct 13–Nov 9.

Oct.09

2FIRSTS Data Insight｜China’s Vape Exports to the U.S. Hit a Record $590 Million: A Peak Driven by Enforcement Cycles, Not Real Demand

China’s vape exports to the U.S. surged to a record $590 million in October 2025—nearly double the usual monthly level and pushing the U.S. share above 50% of China’s global shipments.But the spike was not driven by demand. Instead, it reflected a temporary release created by tightened U.S. enforcement, a collapsed logistics pathway, and a bullwhip-style surge in replenishment.The peak signals more volatility ahead, not recovery.