SEOUL, June 9 (Korea Bizwire) – Korean retail giant Hyundai Department Store is hosting the 2016 Korea Craft Beer Show, which will present some of Korea’s most celebrated beers. The event will take place from June 9 to June 12 at Hyundai Department Store’s Pangyo branch. A total of 20 domestic craft breweries, including Platinum, [...]
SEOUL, May 27 (Korea Bizwire) – The next time you have a hangover, you might want to try a new Korean treat called a Gyeondo-bar. Gyeondyo-bars are the latest hangover cure in the Korean market, developed by WithMe, a convenience store franchise owned by Korean retail giant Shinsegae. The name of the new bar is derived [...]
SEOUL, May 23 (Korea Bizwire) – South Korean breweries are apparently seeking to jack up beer prices in the wake of hikes in “soju” liquor prices in November last year, according to industry figures Sunday. “(We) are considering price hikes internally,” an official at Oriental Brewery (OB) Co. said. “The specific rate and timing have [...]
SEOUL, May 4 (Korea Bizwire) – Fried chicken with cold beer, also known as chimaek (a Korean abbreviation for fried chicken and beer), is one of Korea’s most popular food cultures. The pairing has also gained popularity in China through Korean movies and TV dramas. Chimaek is now an essential part of Korean tourism, and [...]
SEOUL, March 23 (Korea Bizwire) – Korean food products are turning out to be hugely popular in the Chinese market, and exports of processed foods have almost doubled over the past five years. Korean processed food exports are now worth almost five percent of the Chinese imported food market. According to a report issued by [...]
SEJONG, Dec.28 (Korea Bizwire) – As people start to avoid heavy drinking and turn their preference towards softer alcoholic beverages, the consumption of beer in Korea has increased while the consumption of soju has gone downhill. According to an investigation conducted by the Ministry of Agriculture, Food and Rural Affairs and Korea Agro-Fisheries & Food [...]
SEOUL, Dec.23 (Korea Bizwire) – After the price of soju went up, consumers are waiting to see if beer prices will follow suit. Brewery officials made an official statement that they are not looking into price increases, even though there are factors that could be seen as justifying a bump in prices. OB Beer and [...]
SEOUL, Dec.3 (Korea Bizwire) – While sales of domestic beer are declining at large supermarkets, foreign beer sales are rising rapidly. According to Emart, a large retailer, sales of domestic canned beer and PET bottled beer from January to November fell 2.2 percent and 6.4 percent respectively compared to the same period last year, but [...]
SEOUL, Nov.23 (Korea Bizwire) – Imports of foreign beer have reached an all-time high this year. According to the Korea International Trade Association (KITA), $118 million worth of foreign beer was imported this year as of October, which already exceeds the $112 million total from last year. In 2000, total beer imports were only valued [...]
SEOUL, Nov.20 (Korea Bizwire) – After rumors that the government will be regulating discounts on imported beer, consumers are expressing strong feelings of dissatisfaction. The government responded by saying that ‘nothing is sure at the moment’ in an effort to minimize consumer anger. The controversy started when a media source reported that “the Ministry of [...]