Daegu, July 16 (Korea Bizwire) - The 2015 Daegu Hot Festival, where chicken and beer, music and theater can all be enjoyed on a hot summer’s night, will be held from July 17 to July 26. The Daegu Hot Festival embraces independent events held with a summer theme such as the Daegu Chicken and Beer Festival [...]
SEOUL, July 8 (Korea Bizwire) – It was recently reported that more than 30 percent of the male population over 20 goes drinking at least 2 to 3 times every week. According to the Food Consumption Behavior Investigation of 2014 conducted by the Korea Rural Economic Institute, among 2,789 adult males from 2,334 households nationwide, [...]
SEOUL, Apr. 23 (Korea Bizwire) — Amidst a drop in Korean alcohol consumption, soju, along with other hard liquor, is losing its popularity faster than any other drink. According to a report from the Korea Alcohol & Liquor Industry Association published on April 22, Koreans consumed an average of 8.73ℓ of alcohol beverages in 2013. [...]
SEJONG, Feb. 23 (Korea Bizwire) — South Koreans spent the most in over 10 years on alcoholic beverages in 2014, mainly on beer and soju, statistics agency said Monday, while demand for cigarettes fell, most likely from the price increase. Data provided by Statistics Korea said local households spent an average of 11,267 won (US$10.16) [...]
SEOUL, Jan. 18 (Korea Bizwire) – Korean beer exports to Iraq are gaining traction, helping local breweries that are moving to diversify their target markets to bolster growth, data showed Sunday. Exports of Korean beer to the country reached 6,384 tons, or US$4.48 million, last year, putting South Korea as the country’s third-largest beer supplier. [...]
WASHINGTON, DC, Jul. 11 (Korea Bizwire) – Thirteen of the world’s leading producers of beer, wine, and spirits have released their report on 2013 progress made in implementing the Beer, Wine and Spirits Producers’ Commitments to Reduce Harmful Drinking (www.producerscommitments.org). “We saw 2013 as an important first year to lay the foundation for this unprecedented global [...]
SEOUL, June 14 (Korea Bizwire) – For the past ten years, the volume of beer imports has increased 6.6 times, with the number of importing sources almost doubling. During the same period, the beer import volume from the EU member nations has grown most rapidly. According to data “Beer Import Trend” published by the Korea [...]
SEOUL, Korea, April 25, 2014 (Korea Bizwire) – The domestic selling prices of imported red wines are nine times higher than the import prices, with those of white wines and beers more expensive by 5.9 and 3.4 times on average, respectively. According to the Fair Trade Commission and the National Council of Homemakers’ Classes on [...]
BRUSSELS & HONG KONG, April 1, 2014 (Korea Bizwire) - Anheuser-Busch InBev (“AB InBev”) (ABI) (BUD), KKR and Affinity Equity Partners (“Affinity”) today announced that AB InBev has successfully completed the acquisition of Oriental Brewery (“OB”), the leading brewer in South Korea. The acquisition returns OB to the AB InBev portfolio after AB InBev sold [...]
SAN FRANCISCO, Jan. 30, 2014 (Korea Bizwire) – With the Big Game approaching this Sunday, it’s time to assess how huge a boost for the alcohol industry it really is. “Big Alcohol in big sports is big business and very harmful to society, its youth, public health and safety,” stated Alcohol Justice’s Executive Director and [...]