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 [...]
SEOUL, Dec. 8 (Korea Bizwire) — Liquor companies in South Korea are opening up a series of pop-up stores for whisky brands in order to engage with customers. Windsor Global Co., a homegrown whisky maker, announced that it will open up its first pop-up store, House of Windsor, at S-Factory, located in Seoul’s Seongdong District, from Friday [...]
SEOUL, April 29 (Korea Bizwire) — Teenagers bought more liquor and cigarettes from convenience stores last year, data showed Thursday. The Korea Disease Control and Prevention Agency (KDCA) collected statistical data from 60,000 middle and high school students, in which their level of access to cigarettes grew from 67 percent to 74.8 percent and liquor [...]
SEOUL, March 7 (Korea Bizwire) — Last year, each Korean adult consumed liquor on an average of 8.5 days per month, with beer the beverage of choice, data showed Sunday. The Korea Agro-Fisheries & Food Trade Corp. conducted a survey of 2,000 men and women between the ages of 19 and 59, which showed that [...]
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 [...]