Japan Tobacco $2914 (+1.04%)
re-enters the South Korean HTU market.

The Group withdrew from South Korea in 2021. The market is now controlled by $PM (-1.1%) and KT&G $033780 which have around 90% of the market share, with the remainder falling to $BATS (+0.46%) . Now JT wants to re-enter the market with ploom x (which will most likely also be the platform for $MO (-1.2%) in the USA) to re-enter the market.

This should be quite interesting as it will test brand loyalty. It is not yet clear whether loyalty to HTU products is as high as for cigarettes.