South Koreans up alcohol spend to new high - report
South Koreans increased their alcohol outlay by 5% last year, the country's biggest spend for at least a decade, according to a local report.
Official statistics released yesterday showed that households spent an average KRW11,267 (US$10.10) on alcoholic beverages in 2014, compared to KRW10,751 in 2013, Yonhap newspaper said. It was the highest since records began, in 2003.
Beer and soju demand were the main drivers of the increase, along with home consumption of imported wine and spirits.
The survey was conducted on households with two or more members.
- Why Scotch must drop the 'malts good, blends bad'
- Pernod's mood darkens over India - Analysis
- Does alcohol accelerate the onset of dementia?
- Soft drinks is losing the recycling game
- Cognac is back - is Remy Cointreau ready?
- Diageo to cut 105 jobs in Scotland, 50 in Italy
- Scotch sales set to soar, despite recent struggles
- Pernod Ricard posts solid YTD sales jump - results
- Pernod Ricard YTD fiscal-2017 sales performance
- Cognac needs innovation at bottom end - Pernod
- Global Scotch insights - market forecasts, product innovation and consumer trends
- Global Champagne and sparkling wine insights - market forecasts, product innovation and consumer trends
- Battle of the Generations - The fight for iGen, Millennial, Gen X and Baby Boomer consumers
- Myanmar - ISA Country Report
- Flavoured Powder Drinks in 2017: Confronting an Ageing World