The financial industry expects economic growth of the pharmaceutical industry from the cigarette tax raise

The financial industry (Shinhan Investment Corp.)expected that a budget of the Health Insurance Corporation will get better next year due to the raise of cigarette taxes and earning rates in the pharmaceutical industry will also improve.

Due to the KRW 2,000 raise on cigarette taxes, additional health insurance funds are expected to be KRW 470.4 (40% sales decrease compared to the last year) t...