South Korean Whiskey Sales Drop In Jan-Oct 2013
News: South Korean whiskey sales have seen a drop in the first ten months of 2013, mainly due to continued economic slowdown, reports Drinks Business Review. The country's whiskey sales in the period January-October 2013 declined 12.4% y-o-y to 1.5mn boxes. UK-based brewery Daigeo's local subsidiary sold 578,662 boxes in the first ten months of 2013, which represents an 11.8% y-o-y decline.
BMI View: The South Korean alcoholic drinks sector remains a reasonably-attractive investment proposition to foreign players, and their expansionary efforts should serve to maintain dynamism within the sector. The likes of Suntory, Sapporo and Reed's have entered into distribution agreements with local beverage industry players as they look to secure future growth beyond the stagnant domestic market.