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Global, Regional and National Tobacco Players: North Korean General Tobacco Corporation (NKGTC)

  • August 2013
  • -
  • GlobalData
  • -
  • 13 pages

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Summary

This report provides a unique and comprehensive analysis of the company Global, Regional and National Tobacco Players: North Korean General Tobacco Corporation (NKGTC), including the corporate profile, organisation structure, financial data, and competitive positioning. The analysis also details the organisation's history, merger and acquisition activity, licensing agreements, brand portfolio, as well as an assessment of competitive performance, strengths and weaknesses and current and future strategies.

Key Findings

North Korean General Tobacco Corporation (NKGTC) is the state-owned tobacco monopoly organisation which dominates the 20 billion piece domestic cigarette market in the Democratic People's Republic of Korea (North Korea) which was created in 1948 after the Second World War. North Korea is one of the most politically isolated countries in Asia and has clung stubbornly to its dictatorial communist regime which has led to economic stagnation and widespread poverty. However, the recent death of former leader Kim Jong-il in December 2011, gives hope of a gradual softening of relations with the western world under the new leader, his son Kim Jong-un.

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