S KOREA: Drinks sales suffer in poor economy
Spirits sales in South Korea are feeling the pinch of the country's economic woes, according to industry sources.
The news service Asia Pulse reported yesterday that between January and the end of May this year, 447m litres of soju were sold in the country. The figure is down 4.2% from the same period last year.
Jinro, which is the market leader in Soju, saw its sales of the beverage fall 2.1% in the period.
The report also said that whiskey sales fell 2.2% from a year earlier to 98.3m litres.
Beer sales did not escape the slump either, down 2.3% to 768m litres, the report said.
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