NEWS
BOYCOTT NO MORE: S KOREA’S IMPORT OF JAPANESE BEERS UP 670% YOY IN JANUARY
By Susan Lewis
11-3-2021
Credit: Chinh Le Duc/Unsplash
Japanese beer exports to South Korea climbed five months in a row in January, indicating a weakening of anti-Japan sentiment in South Korea, according to Yonhap news Agency.
Yonhap quoted data from Korea Custom Service as reporting that South Korea imported 1,072 tons of Japanese beer in January 2021, up a whopping 670.3 percent from the same month last year.
Imports of Japanese beer have been on the rise since September last year in a sharp turnaround from a tumble sparked by the South Korean boycott of Japanese goods.
The worst of the tumble was seen in September 2019 when Japanese beer exports to South Korea plunged 99.9 percent year-on-year to a mere 588,000 yen (USD5,300).
The boycott was launched by South Koreans in July 2019 in protest of Japan’s export restrictions of three key industrial materials to South Korea.
South Korea views the Japanese moves as retaliation against 2018 South Korean Supreme Court rulings ordering Japanese firms to compensate South Korean victims of forced labour during Japan’s 1910-45 colonial rule of the Korean Peninsula.
Imports from Japan accounted for 5 percent of South Korea’s total beer imports in January.
China was the largest beer exporter to South Korea with 6,836 tons, or some 32 percent of the total, followed by the Netherlands with 4,002 tons, the United States with 1,972 tons and Belgium with 1,334 tons.
(the writer can be contacted at: info@thewinechronicle.com)
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