SEOUL, Nov. 19 (Korea Bizwire) –Whiskey sales at major retailers have outpaced those of imported beer, largely due to the rising popularity of the customizable highball trend. Conversely, imported beer, once a competitive force against local products, appears to have ceded ground to whiskey, particularly following the ascent of wine. E-mart reported on Sunday that [...]
SEOUL, April 25 (Korea Bizwire) – In recent years, a new trend has emerged among the younger generation of South Korea: the love for “ajae-sul,” or “old-timer’s favorites,” whiskey. This phenomenon is particularly popular among members of Generation MZ, those born between 1980 and 2000, who have now become the primary consumer segment in the [...]
LOUISVILLE, Ky., June 8 (Korea Bizwire) — ANGEL’S ENVY™ Kentucky Straight Bourbon Whiskey Finished in Port Wine Barrels, the super-premium whiskey owned by Bacardi, launched in select bars in Paris, Berlin and Rome on June 3rd. After launching in London in February 2020, the expansion of ANGEL’S ENVY to cities across the region reflects the growing demand [...]
VICTOR, N.Y., Aug. 12 (Korea Bizwire) — Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that it has signed an agreement with Heaven Hill Brands to divest Black Velvet Canadian Whisky and the brand’s associated production facility in Lethbridge, Alberta, Canada, along with a subset of Canadian whisky brands [...]
SEOUL, May 29 (Korea Bizwire) – Sales of whiskey in South Korea have declined sharply over the last decade due largely to a shift in the country’s drinking culture, industry data showed Monday. The domestic sales of the spirit hit 1.67 million boxes, or some 30 million bottles, in 2016, down 41 percent from 2.84 [...]
SEOUL, Nov. 7 (Korea Bizwire) – The new anti-graft law has given rise to yet another consumption trend in Korean society, this time with “Yangju” or foreign hard liquor such as whiskey, brandy, or rum. These types of beverages, which in the past would usually have been consumed at entertainment establishments, are now becoming increasingly [...]
SEOUL, June 23 (Korea Bizwire) – A prolonged economic slump and changes in drinking culture have cornered the whiskey market to the point where the industry has fallen into cutthroat competition, with companies breaking a voluntary agreement signed under the direction of a supervisory agency, the National Tax Service. Diageo Korea and Pernod Ricard Korea, the [...]
SEOUL, July 6 (Korea Bizwire) – As low alcohol liquor gains popularity, whiskey, the byword of hard liquor, is becoming softer in Korea with new products featuring a low alcohol content. According to the liquor industry representatives on July 5, William Grant and Sons, producer of Glenfiddich, is expected to roll out a low-alcohol product [...]