Drinks

Japanese Beer Exports To South Korea Drop To Zero After Trade Spat

By Dayeeta Das
Share this article

Japanese beer exports to South Korea plunged to zero in October of this year following a trade row between the two nations, according to a BBC report.

Sake exports also declined by 90% and food exports dropped 58.1% during the same period.

The dispute has hit various other industries such as Japanese carmakers and Korean electronics suppliers, the report said.

Last October, Japan exported 800.34m yen (€6.64 million) worth of beer to South Korea, Japanese news agency Kyodo reported.

South Korea, one of the biggest markets for Japanese beer, accounted for almost 60% of its total overseas shipments last year.

The Dispute

The trade dispute between the countries began as a diplomatic feud over compensation for wartime labour.

Japan condemned South Korean court rulings in 2018, ordering Japanese firms to pay compensation to Koreans over forced wartime labour.

According to Japan, the dispute was settled in 1965 when diplomatic ties were normalised between the two countries.

© 2019 European Supermarket Magazine – your source for the latest retail news. Article by Dayeeta Das. Click subscribe to sign up to ESM: European Supermarket Magazine.

Stay Connected With Our Weekly Newsletter

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our Terms & Conditions and Privacy Policy
Enjoy unlimited digital access for 30 days
Get exclusive access to the latest grocery retail & FMCG news, interviews with industry leading executives, and expert analysis on the trends shaping the sector today
Enjoy unlimited digital access for 30 days
Enjoy unlimited digital access for 30 days
Get exclusive access to the latest grocery retail & FMCG news, interviews with industry leading executives, and expert analysis on the trends shaping the sector today
Enjoy unlimited digital access for 30 days

Copyright © 2023. All rights reserved. Developed by Square1 and powered by PublisherPlus.com