Australian wine exporters encountered another difficult year in 2022 amid rising inflation, costs and interest rates while its exports to China dropped to a new low, the latest data released by the country’s wine trade body has revealed. Read More
South Korea
South Korea’s wine imports continued its growth momentum in 2022 albeit at a slower pace, as consumers trade up for higher-priced bottles, the latest data from the country’s customs department has shown. Read More
Two of Korea’s conglomerates have officially launched their retail wine business in the country following their high-profile purchases of Napa vineyards to sate South Koreans' growing thirst for wine. Read More
Italian wine exports are booming in the first 8 months of the year despite surging energy crisis and inflation, but suffered setbacks in the vast Asian market where exports to mainland China, Hong Kong and South Korea plunged. Read More
Adult Koreans drink 83 bottles of beer a year, nearly two bottles a week and the biggest supplier for imported beer to the country is none other than its Asian neighbor. Read More
Australia has appointed two country managers for Japan and South Korea to grow Australian wine as it tries to diversity and intensify Australian wine exports during "a really challenging time" amid sharp export drops to China. Read More
Average adult Koreans drank 53 bottles of soju, 83 bottles of beer last year despite declining alcohol consumption. Read More
Shinji Hori, President of Asia’s leading fine wine merchant Enoteca, reveals the growth drivers behind the Japanese wine company’s expansion in the past two years and how the wine conglomerate is tackling the ever-tightening squeeze on wine prices. Read More
South Korea’s alcohol market boomed during the pandemic, and apparently the country’s singletons living on their own might have made a sizable contribution to the growth, according to a government policy research institute. Read More
With South Korea's wine market seeing explosive growth, the market's leading wine importer SWS believes this 129-year-old Burgundian Maison could be the next superstar. Read More