liquor tax Archives | Be Korea-savvy

Highball Craze Drives Surge in South Korean Liquor Tax Revenue

SEJONG, Sept. 18 (Korea Bizwire) – The growing popularity of highballs in South Korea’s alcoholic beverage market has led to an increase in liquor tax revenue, reflecting changing consumer tastes in the country’s drinking culture. According to data obtained from the National Tax Service by Park Sung-hoon, a lawmaker from the People Power Party, overall liquor [...]

S. Korea to Switch Tax Scheme on Beer

SEJONG, Jun. 5 (Korea Bizwire) — South Korea on Wednesday decided to alter the tax system on beer for the first time in half a century in a move to address imbalances in taxes between imported and domestic beer, the finance ministry said. The change — the first since 1968 — calls for a tax [...]