SEOUL, Aug. 29 (Korea Bizwire) — With South Korean whisky manufacturers suffering through almost 10 years of difficult market conditions, Diageo Korea Co., the largest whisky manufacturer in the country, has decided to shut down local production after 39 years in the country. Diageo Korea, the local unit of British beverage maker Diageo plc, decided [...]
SEOUL, Jan. 13 (Korea Bizwire) — Whisky sales in South Korea fell for the 10th year in a row in 2018, industry data showed Sunday, amid changes in the country’s wining and dining culture, and a shorter workweek. Total sales of the distilled alcoholic beverage reached over 1.49 million boxes, down 6.2 percent from a [...]
SEOUL, June 23 (Korea Bizwire) – Sales of whisky products in South Korea continued to fall in the first five months of this year, mainly due to a protracted economic slump and a change in the drinking culture, industry data showed Thursday. According to the data, whisky product sales in the January-May period fell 6.8 [...]
SEOUL, Jan. 13 (Korea Bizwire) – Leading whisky brands in South Korea are resorting to law violations to push up sales for the Lunar New Year holiday and make up for the slumping market, industry officials said Friday. Liquor companies market specially packaged gift sets for the holiday when tens of millions of South Koreans [...]
SEOUL, Nov. 11 (Korea Bizwire) – Golden Blue, a homegrown whisky brand with low alcohol content and a cheap price tag, has beaten Diageo’s Windsor in the key market in Seoul for the first time in 16 years, industry officials said Friday. “Golden Blue Diamond”, a 17-year-old blended whisky, took up 41.4 percent of market [...]
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 [...]
BUSAN, March 8 (Korea Bizwire) – After the craze for softer soju(Korean distilled spirits) swept the nation, a demand for softer whiskies are also starting to dominate the market, breaking down the ‘rules’ that traditional whiskies should have at least a 40 percent concentration of alcohol. According to the World Scotch Whisky Association, when whisky [...]
FORT LAUDERDALE, FL, Feb. 19 (Korea Bizwire) — ARKAY NON ALCOHOLIC CINNAMON WHISKY has officially entered the U.S. market. This alcohol-free whisky will join the ArKay family, which entered the U.S. market in 2011. ARKAY Cinnamon whisky is a version of a combination of non-alcoholic American bourbon, Spanish sherry and Spanish Malaga aromas. It is [...]