SEOUL, May 28 (Korea Bizwire) – As South Korea’s wine market enters a more mature phase, expensive bottles priced over 100,000 won have been gaining popularity at major retail chains’ wine festivals, industry data shows. According to retailers, sales growth rates for wines costing over 100,000 won outpaced other price segments during the semi-annual “Super Wine [...]
LONDON, Oct. 16, 2023 (Korea Bizwire) – Crurated, the London-based membership wine community designed to connect connoisseurs with world-class producers, announces the availability of vintage collection wines from Domaine Robert Groffier. The collection will be sold exclusively to members of the Crurated community and will be available globally for private buyers and restaurants. The Groffier [...]
SEOUL, Jan. 29 (Korea Bizwire) — South Korea’s imports of wine rose 3.8 percent in 2022 from a year earlier, data showed Sunday, as more people enjoyed consuming alcoholic beverages at home amid the COVID-19 pandemic. The total value of wine imported by South Korea last year came to US$581.2 million, according to the data [...]
LONDON, Jan. 17 (Korea Bizwire) – Crurated, the London-based membership wine community designed to connect connoisseurs with world-class producers, today announced that the company has raised $7.2 MM from a group of private investors. The money will be used to further evolve the technology platform, expand producer partnerships beyond France and Italy, and increase overall market [...]
LONDON, Dec. 12 (Korea Bizwire) — With an eye on innovation in the wine industry, Crurated, a blockchain and member-based wine community, has launched virtual cellars for gifting wines this holiday season and beyond. This first of its kind program lets members gift French and Italian fine wines from the platform that are stored in [...]
SINGAPORE, Nov. 17 (Korea Bizwire) – The prestigious black-tie soirée, the Wine Pinnacle Awards Gala Dinner & Awards Ceremony 2022 celebrated 18 winners of the second edition of Wine Pinnacle Awards presented by Resorts World Sentosa (RWS). The most coveted title of ‘Technical Committee’s Choice’ was presented unanimously to Barbara Banke, Chairman and Proprietor of Jackson Family [...]
LONDON, Nov. 8 (Korea Bizwire) – With the holiday and gift giving season right around the corner, Crurated, a blockchain and member-based wine community, has released a new barrel auction calendar for the remainder of 2022. The offering features some of the finest winemakers from France and Italy and extends the fractional barrel sales after a [...]
SEOUL, Oct. 24 (Korea Bizwire) — South Korean retail giants are stepping up efforts to secure rare premium wines as the domestic wine market is growing at a rapid pace. Lotte Department Store recently hired a string of professional wine sommeliers specialized in sourcing premium foreign wines differentiated from the other wines popular in the [...]
LONDON, Sept. 26 (Korea Bizwire) — Wine futures, sometimes called En Primeur, is a way to buy the most highly-sought after wines before they are bottled and released on the market. Crurated, a blockchain and member-based wine community, is taking this concept to the next level with new technology that offers provenance as well as [...]
SEOUL, Sept. 23 (Korea Bizwire) — Hotels in Seoul are coming up with various wine festivals for the first time since the end of social distancing measures as they welcome the autumn season. The JW Marriott Dongdaemun Square Seoul is hosting the 2022 Wine and Busker festival for the first time since the COVID-19 pandemic. [...]