liquor Archives | Be Korea-savvy
Spending on Alcohol, Tobacco Hits Record High in Q3 amid Pandemic

Spending on Alcohol, Tobacco Hits Record High in Q3 amid Pandemic

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, [...]

Households’ Q3 Spending on Liquor, Tobacco Hits New High amid Pandemic

Households’ Q3 Spending on Liquor, Tobacco Hits New High amid Pandemic

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 [...]

Bumpy Road Ahead for Government’s New Glass and Plastic Bottle Policy

Bumpy Road Ahead for Government’s New Glass and Plastic Bottle Policy

SEOUL, Nov. 21 (Korea Bizwire) — Concerns have been raised that the government’s restrictions on the use of colored bottles and plastic bottles could lead to price hikes for liquor and cosmetics products and hinder exports as well. The Ministry of Environment classified the revision of the Resource Recycling Act, which will take effect on [...]