SEOUL, Oct. 21 (Korea Bizwire) — October wine sales are expected to surpass imported beer as wine is winning back attention from consumers. Convenience store chain Emart 24 reported that wine sales between Oct. 1-18 ranked fourth highest among liquor sales, surpassing bottled beer despite the Chuseok holiday season during which beer sales are usually [...]
SEOUL, Oct. 2 (Korea Bizwire) — When consumers buy wine at convenience stores in South Korea, they tend to buy premium side dishes with a value equivalent to about a half of that of the wine. Convenience store chain CU analyzed sales trends at its stores for the period from Sept. 1-23. The analysis showed [...]
SEOUL, Sept. 24 (Korea Bizwire) — South Korea’s wine imports rose more than 9 percent in the first eight months of the year as more people enjoyed drinking at home and alone due to the coronavirus outbreak, data showed Thursday. South Korea imported US$189 million worth of wines in the January-August period, up 9.5 percent [...]
ARLINGTON, Va., July 31 (Korea Bizwire) — A diverse range of farm and agricultural industries is praising a bipartisan Senate letter sent today to U.S. Trade Representative (USTR) Robert Lighthizer and U.S. Agriculture Secretary Sonny Perdue urging stronger international safeguards to protect U.S. exporters using common food and wine terms. Sens. John Thune (R-SD), Debbie Stabenow (D-MI), [...]
SEOUL, July 27 (Korea Bizwire) — Chilean wine was the top imported wine to South Korea last year in terms of wine volume, according to trade data from the Korea Customs Service. As South Korean consumers’ love for wine shores up the steady growth in the wine market, the total volume of imported wine in [...]
SEOUL, June 30 (Korea Bizwire) — Wine sales at convenience stores are growing at a robust pace in South Korea primarily thanks to strong demand from female customers in their 30s and 40s. According to the convenience store chain 7-Eleven on Sunday, wine sales at its convenience stores so far this year were 32.3 percent [...]
SEOUL, March 10 (Korea Bizwire) — Wine sales have risen in South Korea following the coronavirus outbreak. Shinsegae Department Store reported Monday that wine sales between Feb. 11-29 rose by 5.2 percent compared to last year. Experts argue that the ‘social distancing’ that has developed since the start of the coronavirus outbreak and the increasing [...]
LODI, Calif., March 9 (Korea Bizwire) – Woodbridge by Robert Mondavi Wines and Major League Baseball today announced a new multi-year sponsorship agreement making Woodbridge Wines the Official Wine of MLB. The new partnership brings together two iconic American brands recognized for their pioneering spirit and legendary figures, and marks the first time Woodbridge Wines has [...]
SEOUL, Jan. 8 (Korea Bizwire) — South Korean retail industry is paying attention to wine to somehow attract consumers who are engrossed with their smartphones to brick-and-mortar stores. Wine consumption has been on a steady rise for years. Moreover, selling alcoholic beverages online is illegal in South Korea. In response, the industry is using a [...]
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 [...]