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, July 26 (Korea Bizwire) — Convenience stores have begun offering discounts for wine and liquor with the start of the Tokyo Olympics. Unlike in the past, customers have recently begun looking for alcoholic drinks other than beer. E-Mart24 Inc. reported a 46 percent increase in beer sales on Thursday when the South Korean men’s [...]
SEOUL, March 11 (Korea Bizwire) — The spread of the trend of drinking alone at home amid the prolonged COVID-19 pandemic has brought changes in drinking practices in South Korea, with more people opting to drink less but more frequently. According to a report on the results of a survey of 2,000 adults, released jointly [...]
SEOUL, Jan. 5 (Korea Bizwire) — South Koreans’ spending on liquor and cigarettes reached an all-time high in the third quarter of 2020 amid the coronavirus outbreak, central bank data showed Tuesday. Local households spent 4.3 trillion won (US$3.96 billion) on alcohol and cigarettes in the July-September period, up 6.2 percent from a year earlier, [...]
SEJONG, Nov. 25 (Korea Bizwire) — South Korea’s household spending on alcohol and cigarettes reached a new record high in the third quarter as the coronavirus outbreak forced more people to stay home, government data showed Wednesday. Local households spent an average of 42,980 won (US$38.7) on liquors and cigarettes during the July-September period, up [...]
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, 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, Aug. 19 (Korea Bizwire) – Online liquor sales are soaring as a growing number of South Koreans are choosing to drink at home following a record-setting monsoon season and surge in new coronavirus cases. Convenience store chain CU reported that pre-ordered wine sales between Aug. 1 and 16 jumped more than fivefold compared to [...]
SEOUL, Aug. 3 (Korea Bizwire) – Liquor producers are releasing ‘fun size’ products to attract campers, travelers, and female customers. Kook Soon Dang Co., a South Korean liquor producer, released 350-milliliter fun-size makgeolli (a Korean rice brew) cans on Friday to target female customers in their 20s and 30s, campers, and travelers who prefer products [...]
SEOUL, March 27 (Korea Bizwire) — Convenience stores are selling more alcoholic beverages, but less hangover helpers in recent months as more people are choosing to drink at home, staying away from binge drinking as delays to the start of the school year have cut the number of meetings and group dinners. CU, a major [...]