SEOUL, Oct. 20 (Korea Bizwire) – As consumers went crazy over their products, the companies simply built more plants to meet the soaring demand. Then the craze disappeared all of sudden, leaving them with idle capacity and huge losses. Industry gurus call it the “curse of capacity expansion.” Small instant noodle maker Paldo suffered such [...]
SEOUL, Aug. 3 (Korea Bizwire) — According to a study by Lotte Mart based on five-year sales records on canned beers, the sales of high-priced domestically brewed beers have increased by a large margin. In addition, the study found that both high- and low-priced import beers have sold well at the expense of medium-priced beer brands. For [...]
![[Feature] Game Starts for “Throne of Beer”](http://koreabizwire.com/wp/wp-content/uploads/2014/04/beer-203855_640.jpg "[Feature] Game Starts for “Throne of Beer”")
SEOUL, Korea, April 15, 2014 (Korea Bizwire) – This year, there will be two big international sporting events such as the FIFA World Cup in Brazil and the Asian Games in Incheon. Traditionally, in the year with the big sports events, the sale of beer increased significantly as people would enjoy the games drinking beer. [...]