South Korea: Beer Market Report
Imported beer market in South Korea continued a robust growth due to strong consumer demand for products of diversified taste and higher quality. Korea’s beer imports totaled a record high $111.7 million in 2014, up 24.6 percent from 2013. The United States was the sixth largest supplier of imported beer to Korea by shipping $7.3 million in 2014, up 8.7 percent from 2013. While American beer faces elevated competition against export oriented competitors, emerging demand for premium quality beer among young professionals and affluent elderly groups, coupled with phase out of the import duty under the United States – Korea Free Trade Agreement, should generate new export opportunities for American beer to Korea in the coming years.
