Apple Earnings Beat Expectations as iPhone Sales Surge to Four-Year High 
SpaceX Updates Starlink Privacy Policy to Allow AI Training as xAI Merger Talks and IPO Loom 
SpaceX Seeks FCC Approval for Massive Solar-Powered Satellite Network to Support AI Data Centers 
Apple Faces Margin Pressure as Memory Chip Prices Surge Amid AI Boom 
U.S.–Venezuela Relations Show Signs of Thaw as Top Envoy Visits Caracas 
Philippine Economy Slows in Late 2025, Raising Expectations of Further Rate Cuts 
Sandisk Stock Soars After Blowout Earnings and AI-Driven Outlook 
Why Trump’s new pick for Fed chair hit gold and silver markets – for good reasons 
NVIDIA, Microsoft, and Amazon Eye Massive OpenAI Investment Amid $100B Funding Push 
Apple Forecasts Strong Revenue Growth as iPhone Demand Surges in China and India 
South Korea Industry Minister Heads to Washington Amid U.S. Tariff Hike Concerns 
Indonesian Stocks Plunge as MSCI Downgrade Risk Sparks Investor Exodus 
Panama Supreme Court Voids CK Hutchison Port Concessions, Raising Geopolitical and Trade Concerns 
Amazon Stock Dips as Reports Link Company to Potential $50B OpenAI Investment 
Toyota Retains Global Auto Sales Crown in 2025 With Record 11.3 Million Vehicles Sold 
Nvidia’s $100 Billion OpenAI Investment Faces Internal Doubts, Report Says 
South Korea’s imports of beer have plummeted, and it was said that last year’s record was at an all-time low in five years. Based on the data that was revealed on Monday, Jan. 24, the drop comes amid the boycott of Japanese beer and other items products.
As per The Korea Herald, the Korea Customs Service shared that the beer imports in the country dipped by 1.7 percent on-year to $223.1 million in 2021. Then again, this result was still a bit better compared to the lowest record for imports in 2016, which was $181.5 million.
The biggest beer suppliers of South Korea last year were the Netherlands, China, Poland, Belgium, Germany, Ireland, and the Czech Republic. The drop may have started in 2019 when the Koreans started to boycott all products coming from Japan. This happened because Japan restricted controls on the export of semiconductor materials to the country.
“Driven by the county’s prolonged anti-Japan campaign, there has been a drastic decrease in imports of beer from Japan, which was one of the largest beer suppliers,” an official from Korea Customs Service said in a statement. “So overall beer imports have been decreasing ever since.”
Yonhap News Agency further mentioned that in the summer of 2019, the South Koreans started an anti-Japan campaign. The protest comes after Tokyo imposed stricter regulations on the export of some major industrial materials that are being used in the production of displays and chips.
As mentioned by the KCS official, beer imports have begun to decline since then. Last year’s imports from Japan which normally account for 25% of the total beer imports in the country since 2018, have fallen by 91% to $6.8 million.
On the other hand, South Korea’s export of beer to Japan has increased on-year which is more than two-fold to $6.6 million. However, the nation’s overall beer exports plunged by 12.5% to $59.9 million and this number is said to be an all-time low as well since 2010. Finally, Korea reported a record deficit of $163.1 million in the beer market.
