SEJONG, Jun. 5 (Korea Bizwire) — South Korea on Wednesday decided to alter the tax system on beer for the first time in half a century in a move to address imbalances in taxes between imported and domestic beer, the finance ministry said. The change — the first since 1968 — calls for a tax [...]
SEOUL, Jun. 3 (Korea Bizwire) – South Korean beer maker Oriental Brewery Co. (OB) posted an advertisement supporting sexual minorities on the occasion of the 20th Seoul Queer Culture Festival on Saturday. In fact, OB has become one of the top corporate supporters of sexual minorities among South Korean companies. Cass, the flagship lager beer brand [...]
SEJONG, Mar. 26 (Korea Bizwire) — South Korea has launched a probe into Heineken Korea Co. and AE Brands Korea for allegedly manipulating beer import prices to pay lower tariffs, the country’s top customs official said Tuesday. Kim Yung-moon, commissioner of the Korea Customs Service (KCS), said in a parliamentary finance committee session that the [...]
SEOUL, Feb. 6 (Korea Bizwire) — South Korean beer that had ranked No. 1 in terms of alcoholic beverages sold at large discount stores have lost ground to foreign rivals and wine, market data showed Wednesday. Figures released by E-Mart Inc., one of the largest hypermarket chains in Asia’s fourth-largest economy, showed that local beer [...]
SEOUL, Jan. 21 (Korea Bizwire) — According to a survey conducted by the Ministry of Agriculture, Food and Rural Affairs and the Korea Agro-Fisheries & Food Trade Corp., the average frequency of drinking for mainstream consumers was 8.8 days a month, which was the same as the previous year. The survey was conducted with the [...]
SEOUL, Jan. 2 (Korea Bizwire) — Japanese beer kept the title of most-imported beer last year in South Korea, while imports of Chinese beer faltered. Beer imports from Belgium and the U.S. also grew rapidly. South Korea’s National Tax Service released statistics showing that beer imports between January and November of last year totaled $288 [...]
SEOUL, Dec. 31 (Korea Bizwire) — South Korea now accounts for 60 percent of Japanese beer exports every year. Most of the imports are manufactured at three factories in Fukuoka and Oita, Japan. NHK, Japan’s national public broadcasting channel, reported on Thursday that the volume of Japanese beer exports to South Korea has increased by [...]
SEOUL, Dec. 17 (Korea Bizwire) — Supermarket chain HomePlus Co. said on December 16 that 27 ‘Maekmmelier’ had been chosen via ‘The First Maekmmelier Contest’ in which participants measured their beer mania skills with others. Maekmmelier is a combination of ‘maekju’, the Korean word for beer, and ‘sommelier,’ and refers to one whose beer mania [...]
SEOUL, Dec. 11 (Korea Bizwire) — South Korean tech giant LG Electronics Inc. on Tuesday showcased an automated beer brewing device that allows consumers to make the alcoholic beverage at home using capsules. The company announced that it will unveil LG HomeBrew, a capsule beer brewing device, at the CES 2019 slated to kick off [...]
SEOUL, Nov. 15 (Korea Bizwire) — Summer ended long ago, but back alleys just a few blocks from exit four of Euljiro 3-ga subway station still buzz with people of various ages who come to drink cold beer at plastic tables outdoors. The area is known as Euljiro Nogari Alley because it is a place [...]