SEOUL, Jun. 21 (Korea Bizwire) — Consumer preferences for imported beer, a popular convenience store purchase, are changing. CU, a convenience store chain operated by BGF Retail Co., analyzed the changes in the percentage of beer sales by country of origin over the past five years, and found that the status of Japanese beer, which [...]
SEOUL, Apr. 29 (Korea Bizwire) — A recent consumer scare surrounding allegations of herbicides in beer products ended up being much ado about nothing as herbicides were not found in any beer products available in South Korea. The Ministry of Food and Drug Safety (MFDS), after receiving reports from foreign channels that glyphosate, a substance [...]
SEOUL, Feb. 19 (Korea Bizwire) — Sales of imported beer at South Korean convenience stores have risen sharply, store operators Sunday, as more consumers opt for variety and a growing number of people drink at home. BGF Retail Co., the operator of CU, South Korea’s largest convenience store chain, said sales of foreign beer brands [...]
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, April 14 (Korea Bizwire) — As the soaring popularity for imported beer among South Korean consumers is seeing the shelves of supermarkets filled with the likes of Heineken, Asahi and Stella Artois, the government is ramping up its efforts to support South Korean beer makers in the hope of winning back the hearts of [...]
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.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 [...]
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 [...]