Asia's wine market remains resilient last year, but which market is driving its growth? We profiled and compared four key markets to find out. Read More
South Korea
South Korea's wine imports soared over 70% in 2021 to reach a record high, making it the fastest growing Asian market for wine, as more wine drinkers turn to home consumption during the pandemic.
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South Korea, is uncorking more wine bottles than ever. The country's wine consumption in the first seven months of the year hit a fresh high coming off a record year of drinking in 2020 despite pandemic. Read More
China has lost out on its attractiveness as a wine market, according to the latest report by Wine Intelligence, amid the country’s slowing economic growth, escalating China-US trade war and depreciated Chinese currency. Read More
South Korea will introduce a new liquor tax regime next year, the first change after 50 years, which will tax alcoholic beverages based on volume instead of price, starting with beer and domestic rice wine. Read More