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Home International Customs Korea

Japan beer exports to Korea hit zero amid trade spat

byadmin
28/11/2019
in Korea
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Japanese beer exports to South Korea hit zero last month amid boycotts sparked by a simmering trade row between the Asian neighbours.

Official figures on Thursday showed Japan food exports were down 58.1% in October, according to broadcaster NHK.

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Sake shipments tumbled more than 90% and instant noodles also flat-lined, it said.

What began as a diplomatic feud over wartime labour compensation has evolved into a trade row between the countries.

The dispute has hit various industries, from Japanese car makers to Korean electronics suppliers.

Beer-sellers have been among the hardest hit. Japan shipped 800.34m yen ($7.3m; £5.6m) worth of beer to South Korea last October, according to news agency Kyodo.

South Korea is one of the biggest markets for Japanese beer, accounting for about 60% of total overseas shipments last year, Kyodo said.

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