SEOUL, Aug. 4 (Korea Bizwire) – Lotte Chilsung Beverage Co. said Monday its second-quarter net profit rose nearly 32 percent from a year earlier, driven by improved exports of key products. Net profit came to 27.7 billion won (US$20 million) for the April-June period, up 31.6 percent from a year earlier, the company said in [...]
SEOUL, Dec. 5 (Korea Bizwire) — Lotte Chilsung Beverage Co., a unit of South Korea’s retail giant Lotte Group, said Tuesday it has signed an initial pact with a U.S. wine company for exports of its distilled liquor “soju” products to the U.S. market. Lotte Chilsung signed a memorandum of understanding (MOU) with California-based E [...]
SEOUL, Aug. 3 (Korea Bizwire) — Lotte Chilsung Co., the beverage unit of Lotte Group, said Wednesday the combined exports of its flavored soju Soonhari reached 41.9 billion won (US$32 million) between 2016 and 2021. During the period, Lotte Chilsung said it shipped Soonhari, which comes in eight different flavors, such as apple, strawberry and [...]
SEOUL, March 22 (Korea Bizwire) — Lotte Chilsung Beverage Co., the beverage maker of South Korean retail giant Lotte, said Thursday it has begun exporting the Korean rice wine makgeolli to India as it moves to expand its presence in the overseas market. The 4.5 percent alcohol by volume canned product, dubbed Rahua, is now [...]
SEOUL, March 29 (Korea Bizwire) – As the demand for fresh, healthy juice products is rising, new products are flooding into the market. According to the market research company LinkAztec, the Korean ‘squeezed juice’ market grew 30 percent from 21 billion won in 2013 to 27.5 billion won last year. To meet consumer demand for [...]