One might argue that selling wine at the Olympics could be an opportunity to showcase Korean wine and make a name for the industry on a global stage. The problem here is that South Korea doesn't have much in the way of domestic (grape) wines to showcase. The best example I could find was the Korean version of Two Buck Chuck: Jinro House Wine, which sells for 2,500 KRW per bottle (see below for photo). Here's a small sampling of reviews I could find:
- "Well firstly it’s nice that Korea finally is producing some reasonably priced wine plus it’s domestic which is also nice. However the wine itself is merely grape juice with a kick, it’s not really wine. Honestly the phrase “Mutton dressed as lamb” comes to mind when you first drink a glass."
- "It's a mere grape juice with alcohol. Doesn't have any hint of wine."
- "It is overly sweet, and in my opinion, it is undrinkable."
... okay you get the point.
Sales of wine (by volume) in South Korea have been declining since at least 2011, though sparkling wine and rosé are two growing segments (but also not what I want to be drinking in 15 degree temperatures). Local production is essentially limited to non-grape wines, such as takju or cheongju; over 99% of grape wine (sparkling and still) is imported from other countries.
But then the next side of this questionis that with so many visitors from all over the world, why not cater to international preferences and have some available for concession? Maybe international wineries want to take advantage of the global stage? Interestingly enough, the import tariff on wine from the U.S. into Korea was eliminated in 2012 (thanks to a free trade agreement), and the taxes and tariffs now only apply to beer and distilled spirits. I'm not sure whether other regions enjoy similarly friendly trade policies, but I'm certainly left wondering why at least no U.S. wineries took advantage of the captive audience to make what could have been fairly massive sales. There were at least 10 eager customers in us GSBers, and I'm sure there would've been thousands more.
Korea's finest.
Sources: Euromonitor, www.ttb.gov
I'm so glad we did *not* try that Two Won Chuck on our trip!
ReplyDeleteI also found this article on the Korean wine industry very interesting: https://www.huffingtonpost.com/mary-orlin/the-birth-of-a-wine-cultu_b_5185715.html
It mentioned that when some importers started catering to the region they had problems with seemingly little road blocks along the way. For example, no one knew how to open wine bottles and use "wine keys" (fancy restaurant openers) even as recently as the 2000's.
Next time you are in Seoul, you'll have to check out the seven floor Mecca of wine they talk about in the article here, started by Mr. Lee the "Robert Mondavi of Korea" :)