SEOUL, May 9 (Korea Bizwire) — Single-person households tend to spend more on alcohol compared to larger households, a report said Sunday. A research team from the state-run Korea Rural Economic Institute analyzed data from Statistics Korea to identify the average amount of spending on processed foods and the share of each item among the [...]
SEOUL, March 7 (Korea Bizwire) — Last year, each Korean adult consumed liquor on an average of 8.5 days per month, with beer the beverage of choice, data showed Sunday. The Korea Agro-Fisheries & Food Trade Corp. conducted a survey of 2,000 men and women between the ages of 19 and 59, which showed that [...]
SEOUL, Nov. 22 (Korea Bizwire) — The pandemic has prompted many shoppers to make their purchases online, resulting in booming online sales across the retail landscape with the exception of a few regulated fields. The value of online shopping transactions stood at 46.9 trillion won (US$40.8 billion) in the April to June period of this [...]
SEOUL, March 8 (Korea Bizwire) — A recent study showed that heavy drinking among family members increases the rate of alcohol use disorder (AUD) for university students. Researchers from the Gangneung Asan Hospital in the eastern city of Gangneung conducted a survey of 1,256 students from universities within the region, including 800 male students and [...]
SEOUL, Nov. 29 (Korea Bizwire) — Output of domestic alcoholic beverages decreased by over 10 percent over the past five years, but imports of alcohol nearly doubled during the same period, government data showed Sunday. The total production of alcoholic beverages made in the country came to 337 million kiloliters in 2019, down 11.3 percent [...]
SEOUL, Nov. 16 (Korea Bizwire) – South Korea’s alcohol imports fell for the first time in 10 years in 2019 amid a boycott of Japanese beer due to a bilateral trade row, data showed Monday. South Korea’s liquor imports came to 466,000 kiloliters in 2019, down 6 percent from the previous year, according to the [...]
SEOUL, Oct. 6 (Korea Bizwire) — The number of Korean women undergoing medical treatment for alcohol use disorder (AUD), a condition that refers to excessive dependence or addiction to alcoholic beverages, is growing day by day. According to data revealed on Sunday by the National Health Insurance Service, the number of individuals who were diagnosed [...]
SEOUL, Sept. 10 (Korea Bizwire) — Alcohol sales are rising as strict government-imposed social distancing measures continue to take effect. Convenience store chain Emart24 reported on Wednesday that sales of wine surged 225.4 percent between Aug. 30-Sept. 8 compared to last year. Sales of hard liquor jumped by 175.2 percent, while sales of soju and [...]
SEOUL, June 15 (Korea Bizwire) — A legislative bill to establish legal grounds for designating ‘no-alcohol zones’ in public locations such as parks or squares and punish those who drink or sell alcohol inside these zones is up for deliberation. Rep. Lee Jong-seong from the main opposition United Future Party placed a motion to review [...]
SEOUL, May 1 (Korea Bizwire) — In the wake of the coronavirus outbreak, major players in the liquor industry have decided to donate alcohol as hospitals and clinics struggle to come up with adequate supplies of disinfectant, South Korea’s tax agency said Wednesday. The National Tax Service said a number of liquor industry companies expressed [...]