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Liquor Importers Bet Big on Deregulation of Online Alcohol Sales

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 [...]

S. Korea Launches Probe into Foreign Beer Importers

SEJONG, Mar. 26 (Korea Bizwire) — South Korea has launched a probe into Heineken Korea Co. and AE Brands Korea for allegedly manipulating beer import prices to pay lower tariffs, the country’s top customs official said Tuesday. Kim Yung-moon, commissioner of the Korea Customs Service (KCS), said in a parliamentary finance committee session that the [...]