SEOUL, May 26 (Korea Bizwire) – Lotte’s new beer brand has stirred debate with some claiming it copied the name of a chewing gum sold by the conglomerate’s Japan unit, industry sources said Thursday. The controversy is seen as throwing cold water on the launch of the product that targets the low to mid-end market. [...]
SEOUL, May 23 (Korea Bizwire) – South Korean food companies are introducing convenience bar snacks with the “drinking solo” (or “honsul”) culture spreading fast amongst local drinkers. Chung Jung One said Monday that it is introducing a new lineup of bar snacks dubbed Anjuya, including boneless chicken feet, spicy pork rinds, and pork entrails. The [...]
SEOUL, May 2 (Korea Bizwire) – Sales of beer in South Korea are posting robust growth this year, largely backed by strong demand for imported beers, as consumers prefer to have light drinks over a meal instead of heavy liquor, industry sources said Tuesday. According to data by E-Mart, the country’s largest discount outlet chain [...]
SEOUL, April 24 (Korea Bizwire) – Local breweries are on high alert with the emerging presence of imported beer brands in the South Korean market. Although an estimate, as breweries in South Korea refrain from disclosing specific sales statistics to for competitive purposes, industry experts believe that foreign breweries accounted for more than 10 percent [...]
SEOUL, Dec. 23 (Korea Bizwire) – Prices of major food products in South Korea have risen recently, putting a larger burden on consumers already hit by the fallout from the worst outbreak of avian influenza, industry sources said Friday. Nongshim Co., the nation’s top instant noodle ramyeon maker, jacked up the average price of its [...]
SEOUL, Nov. 23 (Korea Bizwire) – Sales of alcoholic beverages have shown an unusual increase since October, a leading retailer said Wednesday, possibly from more people drinking at home after an anti-corruption law took effect. According to E-Mart, whiskey sales during the Oct. 1-Nov. 21 period rose 11.7 percent compared with the same period last [...]
SEJONG, Sept. 6 (Korea Bizwire) – Outbound shipments of South Korean beer hit a record high last year on the back of its popularity in Asian and other countries, government data showed Tuesday. The data compiled by the Korea Customs Service showed that exports of South Korean beer reached US$84.4 million in 2015, up 15.4 [...]
SEOUL, Sept. 2 (Korea Bizwire) – North Korea’s Taedonggang Beer Festival kicked off for a 20-day run on August 12, showing off its people’s “happy and optimism-filled livelihood, building a paradise of the people and a strong socialist nation, while crushing America and its anti-republic followers’ schemes to isolate and annihilate (North Korea),” in the words [...]
SEOUL, Aug. 27 (Korea Bizwire) – Drinking can be fun, and when you’re young, the more the better. But a recent study conducted by the Ministry of Food and Drug Safety (MFDS) is sounding an alarm for young Koreans and their heavy drinking culture. The survey, conducted from July 18 to August 15 with the [...]
SEOUL, July 12 (Korea Bizwire) – The second Sinchon Beer Festival will be held on Yonsei-ro, Sinchon this Thursday and Friday, July 14 and 15. The beer festival, which was first held last October to boost the economy in the Sinchon area, will feature a sandy ‘beach’ and pubs keen to evoke the feeling of enjoying [...]