Philip Morris said the e-cigarette device apply heat to tobacco leaves without burning them, thereby generating no smoke, ash, and odor.
Chong Il-woo, the managing director of Phillip Morris Korea said, "Cigarette has more harmful ingredients in tar than in nicotine. We developed IQOS based on an idea that most of the cigarette's harmful ingredients are generated when the cigarette is burned.
Chung added that IQOS does not burn the cigarette and generates only steam that contains 90 percent less harmful ingredients than the smoke generated by cigarettes. Philip Morris will start selling IQOS and its tobacco leave heets in Seoul from June 5. They will be sold through IQOS dedicated shops and CU convenience stores within Seoul. firstname.lastname@example.org
The Public Officials Benefit Association (POBA) will select two global private credit managers to invest around $200 million in mezzanine debt via separately managed accounts (SMAs). POBA will allocate $100 million to each of two SMAs through two domestic investment&hellip
The Government Employees Pension Service (GEPS) will allocate $20 million to US dollar-denominated structured notes based on South Korean credit default swaps (CDS) and three-month US dollar LIBOR. It received proposals for the investment mandate by the afternoon of June 26.&hellip
Korea Investment Corporation (KIC) will open its third overseas office in Singapore as early as August in its push for alternative investments in Asia, according to a local newspaper report. The opening of a foreign office will come six years&hellip