SEOUL, Aug. 22 (Korea Bizwire) — South Korea’s coffee imports have declined this year due to reduced global production, dampening the growth driven by coffee’s popularity in the country. The value of coffee imports for the country totaled US$646.7 million in the January-July period, marking a 9.5 percent decrease compared to the previous year, according [...]
SEOUL, July 20 (Korea Bizwire) — South Korea’s whisky imports have surged this year, reaching a new high, data showed Wednesday. The volume of imported whisky amounted to 16,900 tons, marking a 50.9 percent increase compared to last year, and setting a new record, according to the data from the Korea Customs Service. The value [...]
SEOUL, July 5 (Korea Bizwire) — South Korea’s imports of luxury cars, priced at over 300 million won (US$230,570) per unit, continue to grow steadily. Based on data received from the Ministry of Land, Infrastructure, and Transport, Rep. Yang Kyung-sook of the Democratic Party reported that the cumulative number of registered luxury vehicles with a [...]
SEOUL, May 7 (Korea Bizwire) — South Korea’s imports of Japanese beer more than doubled on-year in the January-March period, data showed Sunday, marking the highest amount since Tokyo’s export curbs against the Asian neighbor in 2019. Japanese beer imports came to US$6.62 million in the first quarter, soaring from $2.66 million tallied a year [...]
SEOUL, May 2 (Korea Bizwire) — Decaffeinated coffee is gaining popularity with the increasing focus on healthy consumption trends. According to data from the Korea Customs Service, imports of decaffeinated coffee reached 6,933 tons last year, which is a 45.8 percent increase from the previous year. Since 2017, imports have increased for six consecutive years, [...]
SEOUL, April 24 (Korea Bizwire) – South Korea’s whisky imports shot up nearly 80 percent in the first quarter of this year on the liquor’s surging popularity among young Koreans amid the coronavirus pandemic, data showed Monday. The volume of imported whisky came to 8,443 tons in the January-March period, up 78.2 percent from a [...]
SEOUL, April 18 (Korea Bizwire) — South Korean imports of Japanese seafood swelled nearly 21 percent in the first quarter of 2023 despite concerns over Tokyo’s planned release of contaminated water from its crippled nuclear power plant, government data showed Tuesday. Seoul imported US$48.6 million worth of fishery products from the neighboring country in the [...]
SEOUL, March 23 (Korea Bizwire) — The value of South Korean imports of Japanese seafood hit a 12-year high in 2022 on a surge in imports of expensive live fish, government data showed Thursday. Seoul imported US$174.2 million worth of fishery products from the neighboring country last year, up 12.2 percent from a year earlier, [...]
SEOUL, March 7 (Korea Bizwire) — South Korea’s imports of Japanese beer hit the highest level in more than three years in January amid a waning anti-Japan campaign here, data showed Tuesday. The country brought in slightly over US$2 million worth of Japanese beer in January, up a whopping 315 percent from a year earlier, [...]
SEOUL, Feb. 24 (Korea Bizwire) — The COVID-19 pandemic changed the landscape of the South Korean import liquor market, which is now dominated by whisky and wine. The nation’s imports of whiskies such as scotch, bourbon, and rye amounted to US$266.8 million last year, up 52.2 percent year on year, according to the data from [...]