PMI announces 15-year exclusive rights to sell KT&G smoke-free products

Philip Morris International (PMI) has announced its long-term exclusive rights to sell KT&G’s smoke-free products in more than 30 markets, excluding South Korea.

The agreement covers 15 years, to 29th January 2038, with performance-review cycles and associated commitments, based on volume, to be confirmed every three years to allow flexibility for evolving market conditions.

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