Philip Morris announced plans to close its plant in Australia by the end of this year and relocate it to Korea, AFP reported on Tuesday.
The multinational tobacco company already has a manufacturing facility here in Yangsan, South Gyeongsang Province. Full details of the relocation plan have not yet been revealed.
The shutdown of the factory in Moorabbin, Melbourne after 60 years will leave over 180 people jobless, the French wire service reported.
The decision comes after the Australian government has been toughening its tobacco policies over the last decade, which has badly hurt the domestic tobacco industry there. Canberra has been carrying out strict anti-smoking policies, such as forcing companies to put strong health warnings on their cigarette packets.