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 [...]
SEOUL, March 10 (Korea Bizwire) — South Koreans will soon be able to place liquor orders online, using the internet or smartphone apps, before picking up their orders at retail establishments such as restaurants and convenience stores. The National Tax Service (NTS) said Monday it had voted to allow liquor retailers to make sales using [...]
SEOUL, Dec. 23 (Korea Bizwire) — Wine sales accounted for a large portion of the liquor sold in the retail industry this year. Wine accounted for the largest portion of sales, surpassing that of local and imported liquor, for the first time, as Emart Inc., South Korea’s largest hypermarket chain, concluded its liquor sales from [...]
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 [...]
SEOUL, Nov. 5 (Korea Bizwire) — The government is considering plans to ban liquor manufacturers from using photos of female celebrities to promote their products. The Ministry of Health and Welfare announced on Monday that it will consider amending rules to ban liquor manufacturers from including pictures of female celebrities on liquor bottle labels to [...]
SEOUL, Aug. 29 (Korea Bizwire) — The National Tax Service has decided to rescind a controversial policy requiring suppliers to unify the price of liquor regardless of the amount of liquor they are supplying to various vendors, taking a step back from its original stance. The tax agency announced on Wednesday that it will implement [...]
SEOUL, Sept. 21 (Korea Bizwire) — With the Chuseok weekend just around the corner, an increasing number of Koreans are expected to consume soju at home during the major holiday weekend. According to HiteJinro Co., the nation’s top distiller, an analysis of the sales figures of soju sold during the Chuseok weekend over the last [...]