South Korea: South Korea Adopts Volume-based Liquor Tax for Beer

  |   Attaché Report (GAIN)

The Korean government implemented a volume-based liquor tax for beer on January 1, 2020. All beer will now be subject to 830.3 won (72 cent) per liter liquor tax. This tax will replace the previous 72 percent value-based liquor tax for beer. The policy change will reduce the cost of higher value beers in the market, including imported U.S. craft beer.

South Korea: South Korea Adopts Volume-based Liquor Tax for Beer

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