SEOUL, July 20 (Korea Bizwire) — South Korea’s whisky imports have surged this year, reaching a new high, data showed Wednesday. The volume of imported whisky amounted to 16,900 tons, marking a 50.9 percent increase compared to last year, and setting a new record, according to the data from the Korea Customs Service. The value [...]
SEOUL, April 24 (Korea Bizwire) – South Korea’s whisky imports shot up nearly 80 percent in the first quarter of this year on the liquor’s surging popularity among young Koreans amid the coronavirus pandemic, data showed Monday. The volume of imported whisky came to 8,443 tons in the January-March period, up 78.2 percent from a [...]
SEOUL, April 21 (Korea Bizwire) — The interest in whisky and distilled soju is growing, with a focus on those in their 20s and 30s. According to discount store chain Homeplus, sales of whisky generated by those in their 20s and 30s between January 1 and April 9 jumped by 52 percent compared to the [...]
SEOUL, Dec. 1 (Korea Bizwire) — South Korea’s whisky imports spiked nearly 62 percent in the first 10 months of the year as more people drank at home amid the coronavirus pandemic, data showed Thursday. The value of imported whisky stood at US$218 million in the January-October period, up 61.8 percent from a year earlier, [...]
SEOUL, Nov. 24 (Korea Bizwire) – Pernod Ricard Korea Co. sees great potential in South Korea’s high-end whisky market and hopes to strengthen its market presence in the segment, the company’s president said Thursday. “We have seen a massive rebound in international whisky in Korea. Even in the past few years experiencing COVID-19, we saw [...]
SEOUL, April 13 (Korea Bizwire) — South Korea’s top two retailers — Shinsegae Group and Lotte Group — are going beyond retail to jump into the whisky and wine markets, which have been seeing rapid growth since the onset of the COVID-19 pandemic. Lotte Chilsung Beverage Co. announced in a report released early this year [...]
SEOUL, March. 11 (Korea Bizwire) — Whisky is replacing wine as a liquor popular among South Korea’s younger generation. GS25, the convenience store chain run by GS Retail Co., said that whisky sales jumped by 46.8 percent between 2019 and 2020, and 60.8 percent between 2020 and 2021. Between 2021 and February of this year, [...]
SEOUL, Nov. 22 (Korea Bizwire) — South Korea’s imports of whisky soared more than 70 percent in the first 10 months of the year as more people drank at home amid the coronavirus pandemic, data showed Monday. The value of whisky imports came to US$93.21 million in the January-October period, up 73.1 percent from a [...]
SEOUL, Feb. 2 (Korea Bizwire) — South Korea’s imports of whisky plunged to a 21-year low in 2020 due to the coronavirus pandemic and a change in alcohol consumption here, government data showed Tuesday. The value of whisky imports amounted to US$132.5 million last year, down 13.9 percent from the previous year, according to the [...]
SEOUL, Oct. 5 (Korea Bizwire) — The whisky market in South Korea is struggling as the coronavirus continues to take a toll on outdoor dining and drinking. The Korea Customs Service reported whisky imports totalling 10,440.8 tons between January and August this year, down by 18.5 percent compared to last year. Whisky imports totalled US$74.5 [...]