South Korea witnessed a steep decline of over 40% in beer imports from China last month, according to the customs office. This drop in imports comes after a viral video emerged showing a man urinating into a tank at Tsingtao Brewery.
According to Yonhap News Agency, the volume of beer imports from China decreased by 43% compared to the previous year, totaling 2,281 tons in October. Furthermore, the value of beer purchases from China dipped by 38% to a total of US$1.93 million, as reported by the Korea Customs Service.
Concerns Raised Over the Safety of Chinese Food and Beverage Products
The video, which was released on October 19, depicts a man wearing a uniform climbing over a high wall and urinating directly into a tank at Tsingtao Brewery. KoreaBizwire reported that Tsingtao Brewery assured the public that the batch of malt involved had been sealed off from use.
BK Co., the company responsible for importing Tsingtao beer for distribution in Korea, stated that the tank featured in the video produces beer specifically for local consumption in the Chinese market. However, this incident has left consumers questioning the safety of Chinese food and beverage products.
Dramatic Surge in Beer Imports from Japan
In contrast to the sharp decline in beer imports from China, South Korea experienced a remarkable surge in beer imports from Japan. The amount of beer imported from Japan skyrocketed by 302%, reaching a total of 7,243 tons last month. Additionally, the value of these beer imports surged by 377% to US$6.14 million, as reported by customs data.
The significant decline in beer imports from China highlights the impact that the viral video had on consumer behavior. It raises concerns among South Korean consumers regarding the safety and quality of Chinese food and beverage products. Conversely, the surge in beer imports from Japan suggests a growing preference for Japanese beer. This shift in consumer behavior could have long-term implications for the beer market in South Korea.
Overall Beer Imports and Exports in South Korea
During the month of October, South Korea witnessed an increase of 9.4% in overall beer imports compared to the previous year. The total beer imports amounted to 18,753 tons, with a value of $17.34 million. Concurrently, South Korea's total beer exports expanded by 18%, reaching 7,494 tons in volume and $5.74 million in value. As a result, the country recorded a trade deficit of $11.61 million within the beer segment.
Photo: YesMore Content/Unsplash


Coca-Cola’s Proposed Sale of Costa Coffee Faces Uncertainty Amid Price Dispute
Coca-Cola’s Costa Coffee Sale Faces Uncertainty as Talks With TDR Capital Hit Snag
Rio Tinto Signs Interim Agreement With Yinhawangka Aboriginal Group Over Pilbara Mining Operations
California Jury Awards $40 Million in Johnson & Johnson Talc Cancer Lawsuit
Woolworths Faces Fresh Class Action Over Alleged Underpayments, Shares Slide
CMOC to Acquire Equinox Gold’s Brazilian Mines in $1 Billion Deal to Expand Precious Metals Portfolio
SoftBank Shares Slide as Oracle’s AI Spending Plans Fuel Market Jitters
Trello Outage Disrupts Users as Access Issues Hit Atlassian’s Work Management Platform
Fortescue Expands Copper Portfolio With Full Takeover of Alta Copper
Strategy Retains Nasdaq 100 Spot Amid Growing Scrutiny of Bitcoin Treasury Model
Mizuho Raises Broadcom Price Target to $450 on Surging AI Chip Demand
Nvidia Weighs Expanding H200 AI Chip Production as China Demand Surges
SoftBank Eyes Switch Inc as It Pushes Deeper Into AI Data Center Expansion
Intel’s Testing of China-Linked Chipmaking Tools Raises U.S. National Security Concerns
JD.com Pledges 22 Billion Yuan Housing Support for Couriers as China’s Instant Retail Competition Heats Up
SpaceX Begins IPO Preparations as Wall Street Banks Line Up for Advisory Roles
Apple App Store Injunction Largely Upheld as Appeals Court Rules on Epic Games Case 



