SEOUL, Feb. 10 (Korea Bizwire) – Exports of soju, distilled Korean liquor, topped US$100 million for the first time in 10 years in 2023, data showed Saturday. According to the Korea Customs Service, outbound shipments of soju reached $101.4 million in 2023, an increase of 8.7 percent from 2022. The last time soju exports surpassed [...]
SEOUL, Dec. 18 (Korea Bizwire) — Hitejinro Co., South Korea’s leading beverage company, said Monday it will cut the factory price of its soju products by 10.6 percent in January, helped by the government’s tax benefits. Hitejinro will deliver its soju products, Chamisul and Jinro, at 1,115 won (US$0.9) per bottle to its wholesale clients [...]
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, Nov. 9 (Korea Bizwire) — Hitejinro Co., South Korea’s leading beverage company, has raised its soju and beer product prices by about 7 percent to reflect higher raw material and manufacturing costs. Hitejinro raised Chamisul soju prices by 6.95 percent and Hite, Terra and Kelly beer prices by 6.8 percent Thursday due to sharply [...]
SEOUL, Oct. 20 (Korea Bizwire) – BGF Retail, the company that operates the CU convenience store chain, announced on Thursday that its employees and CU store owners went on a trip to Dokdo as part of the “2023 Dokdo Love Support Event.” This event is part of the Dokdo Love Campaign, which BGF Retail has been running [...]
SEOUL, Aug. 2 (Korea Bizwire) — Foreigners picked soju, South Korea’s traditional distilled liquor, as the most well-known Korean alcoholic beverage, survey showed Tuesday. The Korean Food Promotion Institution conducted a survey of 8,500 respondents from 15 countries and found that 41.2 percent mentioned soju as a Korean alcoholic beverage they knew about. Following soju [...]
SEOUL, July 6 (Korea Bizwire) — Jinro, one of the most popular Korean soju brands, has been named this year’s Supreme Brand Champion by a British magazine, Jinro’s maker said Thursday. Jinro won the accolade in the annual report issued by The Spirits Business, according to HiteJinro Co. This is the first time Jinro has [...]
SEOUL, March 27 (Korea Bizwire) — Hitejinro Co., South Korea’s leading beverage company, said Monday its annual exports of soju hit a new record high last year, thanks to the Korean distilled liquor’s surging global popularity. Hitejinro said it posted US$120 million in soju exports last year, up 16.4 percent from a year earlier. It [...]
SEOUL, Jan. 24 (Korea Bizwire) — Exports of soju, South Korea’s traditional distilled liquor, increased 13.2 percent in 2022 from a year earlier, data showed Tuesday, rebounding for the first time in three years. Outbound shipments of soju reached US$93.3 million in 2022, rising sharply from $82.4 million tallied a year earlier, according to the [...]
SEOUL, June 6 (Korea Bizwire) — Major convenience store chains are coming up with soju, a Korean distilled beverage made from grain, for a new round of competition this summer. GS25 joined hands with Won Spirits Co., a liquor manufacturer led by singer Jay Park, to open up a pop-up store called ‘GS Won’. Starting [...]