South Korea’s spirits market has experienced substantial growth in recent years, supported by rising imports of whiskey, brandy, and liqueurs. Read More
Whisky
Five years after entering the whiskey business, Grace Vineyard has decided to exit the sector due to financial strain and challenging market conditions. Read More
Watson’s Wine, Hong Kong’s largest wine retailer, is cutting premium spirits prices by up to 60% and plans to open a dedicated premium spirits shop early next year as part of its goal to grow its market share in the spirits sector to 25% within the next three years.
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Major international spirits giants are making substantial bets on China’s nascent whisky industry, with the latest unveiling of Diageo's Yuntuo distillery in Yunnan. What's fuelling the foreign invest in whisky of Chinese origin? Read More
Following Hong Kong's pivotal wine tax removal in 2008, the city is now eyeing a similar tax break for spirits in a bid to revitalize its ailing dining and nightlife scene and position itself as a global hub in the US$730 billion spirits industry. Read More
Hong Kong lawmakers are advocating for the removal of the 100% spirits tax to transform the city into a regional hub for spirits consumption and trading, mirroring the success achieved with wine. Read More
How a RMB 200 1995 vintage Moutai helped customs officials crack a multi-million smuggling case in Nanjing, China. Read More
India's beverage alcohol market is tapped to record significant growth, driven by a youthful population with up to 20 million new consumers annually and an increasing preference for premium products, according to IWSR. 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