Revenue from alcohol tax in South Korea 2014-2023

Published by L. Yoon, Aug 15, 2024

In 2023, tax revenue from alcohol consumers in South Korea amounted to about 3.6 trillion South Korean won, slightly increased compared to the previous year. Generally, tax revenue from alcohol is on an upward trajectory. With the introduction of 52 hour work weeks and cultural changes regarding alcohol consumption, it was predicted that the domestic demand of alcohol would decrease in the future. 

Revenue from alcohol tax in South Korea from 2014 to 2023 (in trillion South Korean won)

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Release date

July 2024

Region

South Korea

Survey time period

2014 to 2023

Supplementary notes

Figures have been rounded.

1,000 South Korean won equals 0.73 U.S. dollars or 0.68 euros as of August 2024.

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