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Our super slim formats were particularly well received by the young generation while the king-size formats proved popular among heavy smokers over 27 years old. Combustibles will stay despite e-cigarette boom The fact that especially younger people in South Korea just as much as elsewhere - are increasingly flocking to vapes or heated tobacco products (HTPs) didnt faze Kangs colleague and director of IKTs executive department, Dae-Young Jung

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In terms of the outlook, the industry is also optimistic about the continued rollout of next-generation [e-cigarette, vaping, etc.] products. Christopher Growe, an analyst at Stifel Nicolaus, is especially bullish on Philip Morris, noting that the company recently forecast greater than 5% revenue growth and greater than 9% earnings growth over the next three years setting Philip Morris apart from its tobacco peers and placing it in the top-tier of all consumer staples companies