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According to Sam Kim, CEO of Connected Korea, The South Korean tobacco market was valued at $11.3 billion in 2023 and is largely segmented into Traditional Cigarettes (73.1%), Heated Not Burn (HNB) (19.0%), Open Pod E-Cigarettes (4.9%), and Closed Pod E-Cigarettes (Disposable, CSV) (2.5%). While traditional cigarettes dominate, novel tobacco products, particularly heated tobacco, have gained significant traction