NEWS
JAPANESE BEER EXPORTS TO S. KOREA PLUNGED 99.9% AMID TRADE DISPUTES
By Siulan Law Mathews DipWSET
1-11-2019
Beer exports from Japan to South Korea plunged 99.9 percent year-on-year in September, as the two countries' trade disputes continue with no end in sight.
According to latest figures from Japan’s Finance Ministry, just a mere 588,000 yen (USD5,300) worth of Japanese beer was shipped to South Korea in September 2019.
The September figure is almost a total wipe-out from the approximately 783.6 million yen (USD7.2 million) worth of beer exports in September 2018.
Japanese government figures also showed that exports of Sake and distilled spirits Shochu to South Korea were also seriously affected by the months long dispute.
Exports of Sake dropped 46.3 percent in September while that of Sochu fell 67.9 percent.
Japan and South Korea have deep mistrust between them. The sour relationship took its roots from Japan’s rule with an iron fist on the Korean Peninsula from 1910 to 1945.
The latest round of dispute started in July, it was triggered by arguments over treatments of wartime labour and trade related issues.
The South Korean consumers, who are known for being patriotic, started to boycott Japanese goods and services which almost totally wiped out beer imports from Japan.
(the writer can be contacted at: SLawMathews@thewinechronicle.com)
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