SEOUL, Nov. 24 (Korea Bizwire) — After going through a complete collapse amid the ‘No Japan’ boycott campaign in South Korea, Japanese breweries are striving to regain a foothold through price cuts. Lotte Mart, the hypermarket chain operated by Lotte Shopping, is now holding a promotional event selling four cans of Asahi beer that its [...]
NEW YORK, Nov. 23 (Korea Bizwire) — On average, people spend 90% of their lives indoors*, and in the nine months since lockdowns started around the world, this has felt more real than ever. For many, this reality has sparked a growing desire to be outside and explore a lifestyle away from the familiar urban [...]
SEOUL, Nov. 13 (Korea Bizwire) — Consumer perception towards imported beer outranks domestic products in terms of price, quality, and variety. The Korea Consumer Agency conducted a survey of 1,000 consumers who said imported beer costs 93.7 percent of domestic products. Compared to domestic beer (a score of 100), the quality, scent and taste of [...]
SEOUL, Oct. 21 (Korea Bizwire) — October wine sales are expected to surpass imported beer as wine is winning back attention from consumers. Convenience store chain Emart 24 reported that wine sales between Oct. 1-18 ranked fourth highest among liquor sales, surpassing bottled beer despite the Chuseok holiday season during which beer sales are usually [...]
SEOUL, Aug. 31 (Korea Bizwire) — Home brewing is rising as a new alternative to the craft beer industry in the coronavirus era. LG HomeBrew by LG Electronics Inc. is an automatic brewing machine that works with a simple capsule. The user only needs to add water and a capsule that contains various ingredients needed [...]
SEOUL, July 19 (Korea Bizwire) — South Korean imports of beer fell for the first time last year in a decade, largely on a nationwide boycott of Japanese products amid a yearlong trade dispute, data showed Sunday. Imports of beer stood at 360,000 tons in 2019, down 7.2 percent from 387,000 tons a year earlier, [...]
SEOUL, July 10 (Korea Bizwire) — LG Electronics Inc. on Friday launched its latest homebrewing machine at a more affordable price, hoping the product can ride on the pandemic-driven, stay-at-home economy. The 2020 model of LG HomeBrew comes with a price tag of 1.99 million won (US$1,660) in South Korea, which is half of the [...]
VICTOR, N.Y., March 24 (Korea Bizwire) – Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, today responded to the outcome of a recent public consultation in Mexicali, Baja California (Mexico) which voiced opposition to the company’s plans to build a new brewery in the city. “We will continue working with local authorities, [...]
BUSAN, Feb. 10 (Korea Bizwire) — Busan’s Buk District plans to develop a microbrewery brand named after a local area. Buk District recently signed an agreement with Galmegi Brewing Co., Busan’s leading microbrewery, to come up with the new brand. Buk District and Galmegi Brewing plan to introduce one of two kinds of Gupo Beer [...]
SEOUL, Jan. 29 (Korea Bizwire) — Sales of Danish beer Carlsberg have soared in South Korea, a recent report showed. According to Golden Blue, sales of Carlsberg beer rose 86 percent last year from 2018. Golden Blue, a homegrown whiskey maker that imports and sells Carlsberg beer, previously entered the local market by signing a [...]