Attaché Report (GAIN)

South Korea: Korea Whiskey Market Brief

South Korea’s whiskey imports experienced a compound annual growth rate (CAGR) of 17.1% in value from 2020 to 2024, totaling $249 million.
On February 2, 2025, the Government of Israel published the “Public Health Protection (Food) (Food that is an Alcoholic Food), 2025 Regulation.” Under this regulation, the Ministry of Economy’s authority over alcoholic beverages was transferred to the Ministry of Health.
The craft beer sector in China has grown significantly, driven by economic development and shifting consumer preferences. U.S. agricultural products, such as malt, hops, and yeast, are essential to this growth because of their superior quality and diverse varieties.
The Hong Kong market has developed into a dynamic wine export destination since the abolishment of wine tariffs in 2008. The slow recovery of the global economy dampened the city’s global imports of wine in 2023.
ATO Taipei, in partnership with thirteen Taiwan craft beer breweries and four U.S. craft beer importers, delivered a successful consumer-facing craft beer festival that promoted U.S. ingredients through 84 craft beers.
In 2019, the EU-Japan Economic Partnership Agreement (EPA) entered into force. As a result, Japan approved 16 new wine additives that were previously not allowed in wine produced or consumed in Japan.