Leading wine merchants in South Korea are facing significant financial strain as the nation's wine market cools, with major importers reporting a sharp decline in sales that has cut their market value and profits by more than half. Read More
South Korea
South Korea is looking into raising purchasing limit for duty-free alcohol as a way to boost tourism, the country's Korea Customs Service (KCS) has revealed. Read More
After three years of rapid growth, Korea's imported wine market is experiencing a downturn as home consumption decreases and inventories accumulate. Read More
Bordeaux exports to China including Hong Kong and Macau have dropped to record low, half of what's recorded in 2021, according to UGCG president. Read More
A recent survey conducted by the Korea Disease Control and Prevention Agency has shed light on the alcohol consumption habits of urban residents in Seoul, South Korea. Read More
South Korea debuted its first AI-developed cocktail, which from taste to packaging was designed by AI. Read More
In just week, more than 8,000 visitors from around the world will congregate in Singapore for Vinexpo Asia, the leading wine and spirits organizer Vinexposium’s … Read More
South Korea's millennials and Gen-Z's love for whisky and high balls has driven the country's whisky imports to record high, accordin to official data from the Korea Customs Service. Read More
South Korea’s leading retail giant Lotte is eyeing to purchase domestic and foreign wineries in an effort to beef up its wine business, bolstered by the country’s fast-expanding domestic wine market. Read More
While Bordeaux remains a crowd pleaser in Asia, Singapore and South Korea departed from the overall trend and showed more diversity last year, according to Liv-ex data. Read More