Low-cost wines are gaining ground in South Korea as price-conscious consumers turn to directly sourced bottles priced under 10,000 won (US$7.06). Read More
South Korea
Argentina exported 178,000 liters of wine to China, but the value accounts for just 6% of what is exported to the US. Read More
Korea’s wine market continues to contract in the first half of the year, as the country’s leading importers including Nara Cellar and Lotte are reporting profit loss - more than 240% in one case. Read More
How much wine taxes do you have to pay for imported wines in Asia? Here, we offer a country-by-country breakdown to help wineries and importers tap into these markets. Read More
The Asia's Top 50 Wine Importers report spans the vast and diverse wine markets of Asia, profiling the leading importers from established giants in Japan, South Korea, China, Singapore, and Hong Kong to emerging growth hubs in Thailand, Vietnam, India, the Philippines, and Taiwan. Read More
The downturn in Asia, driven by slumping sales in China and South Korea, contrasts with the company’s overall global growth. Read More
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 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