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Daily News on Vape Industry January 19th, 2024

  1. In 2023, many well-known disposable vapebrands will enter the Korean market. At the same time, South Korean chaebols are also actively developing the vapebusiness. This series of trends may break the existing pattern of the Korean vape market.


  1. Vapecompany SKEplans to invest a total of 1 billion yuan in Guangyuan City, Hubei Province, including the acquisition of 4 industrial plants to create a complete chain integrating the production and assembly of vape accessories.


  1. KT&G was accused of violating U.S. health department regulations by submitting incorrect information during the tobacco product approval and review process, and is currently under investigation by the U.S. government.


  1. In November 2023, China exported approximately US$3.71 million of vapesto Saudi Arabia, a month-on-month decrease of 70.40% and a year-on-year decrease of 10.96%; the export volume was approximately 73 tons, a month-on-month decrease of 71.11% and a year-on-year increase of 6.94%.


  1. The Wake County School District in North Carolina, USA, announced that it has reached a settlement agreement of US$1.87 million with Altria and related companies. The funds will be used to educate and protect teenagers from the harm of vapes.


  1. The Australian city of Stirling is conducting an vapewaste recycling pilot program and has received a $50,000 grant from the Waste Management Agency to support this research.