Tag Archives: South Korea

• S. Koreans drink more booze than anyone in the WHOLE WORLD

S. Koreans drink more booze than anyone in the WHOLE WORLD

South Koreans drink more alcohol than Brits, Russians and Americans put together, a new report has revealed. The average person of drinking age in South Korea knocks back 13.7 shots of liquor per week  – more than in any other country in the world. British drinking pails away in comparison with the average drinker in […]

• Spirits Brand Champions 2013

Spirits Brand Champions 2013

It’s been a mixed year of fortune for the world’s leading spirit brands, but only a select few can achieve the prestigious status of Brand Champion 2013. This is our annual snapshot of spirit brand performance – an attempt to identify the true champions of the industry that are not necessarily the biggest sellers, but […]

• Move Over Vodka; Korean Soju’s Taking A Shot At America

Move Over Vodka; Korean Soju’s Taking A Shot At America

Every year, the trade magazine Drinks International puts out a of the top-selling alcohols in the world, and in the category of spirits, there is one brand that more than doubles the sales of its closest competitor every year. Smirnoff, Jack Daniel’s and Bacardi don’t even come close. That top-seller is South Korea’s Jinro soju, […]

• So Feces Wine Real & Japanese Girl Group Sez It Tastes ‘Delicious’

So Feces Wine Real & Japanese Girl Group Sez It Tastes ‘Delicious’

A couple months ago, Japanese news site Rocket News 24 got their hands on some bottles of tsongsul, a traditional Korean “feces wine,” made by soaking chicken, dog or human feces in soju alcohol until the mixture ferments – by no means a popular drink, but nevertheless rumored to cure illness and heal bone fractures. […]

• Think vodka is world’s bestselling spirit? Think again – it’s…

Think vodka is world’s bestselling spirit? Think again – it’s…

Jinro and Lotte Liquor are not only the two top soju brands in Korea but the No. 1 and 3 spirits in the entire world. Jinro has been the top-selling soju brand in the world since 2001, and Lotte Liquor third since 2007. It is surprising to see soju, which is drunk mostly in Korea, […]

• Kentucky distillers toast Korea trade pact

Kentucky distillers toast Korea trade pact

Bourbon makers eye bigger share of major market. Koreans spend $10 billion a year on alcohol, including about $4 billion for whiskey. But bourbon and Tennessee whiskey accounts for only about $7 million of the total, according to Brown-Forman spokesman Phil Lynch — whose company is looking now to change that. He and other Kentucky […]

• Virginian Wine Builds Momentum

Virginian Wine Builds Momentum

The secretary of agriculture and forestry for Virginia has outlined “a very strategic plan for growth” to support the US state’s growing wine industry. Speaking to the drinks business, Todd Haymore confirmed that state funding to promote Virginia’s wines had increased from US$6,000 in January 2010 to its current level of $1.8 million. With around […]

• Leon Panetta’s prize for Osama’s capture: $10,000 bottle of wine

Leon Panetta’s prize for Osama’s capture: $10,000 bottle of wine

The capture of Osama bin Laden will be toasted locally on New Year’s Eve with a $10,000, 141-year-old bottle of wine. The libation will be the result of a bet made by Monterey restaurateur Ted Balestreri, co-owner of the Sardine Factory on Cannery Row, at a dinner party last New Year’s Eve with 28 friends […]

• Diageo to pay $16m to settle Asian corruption lawsuit filed by US SEC

Diageo to pay $16m to settle Asian corruption lawsuit filed by US SEC

British spirits major Diageo has consented to pay over $16m to settle the bribery lawsuit filed by US Securities and Exchange Commission (SEC) on charges of potential violations of the US Foreign Corrupt Practices Act (FCPA). The US SEC alleged that, during 2003-2009, the spirits company’s divisions in India, South Korea and Thailand made payments […]

• World’s Biggest Booze Brand Barely Registers a Blip in States

World’s Biggest Booze Brand Barely Registers a Blip in States

But Jinro, Marketer of South Korean Soju, Aims to Go Mainstream Here. The biggest spirits brand in the world barely sells a drop in the U.S. — and most Westerners have probably never heard of what’s in the bottle — a clear-colored booze called “soju” that fervent supporters swear won’t give you a hangover. But […]

• South Korea lifts Scotch whisky import barriers

South Korea lifts Scotch whisky import barriers

Trade barriers to Scotch whisky imports have been removed in South Korea – a nation that already ranks among distillers’ most successful markets. The new free trade agreement was struck between the European Union and the Seoul government. The 20% spirits import duty is being phased out and complex requirements for labelling and warehousing removed. […]

• China’s state liquor to open offices abroad

BEIJING: The producer of China’s official state liquor is planning to set up five offices overseas to promote the beverage and introduce a part of Chinese culture abroad. Yuan Renguo , chairman of the Kweichou Moutai liquor company, said his firm would open five offices over the next five years to introduce “Moutai culture” to […]

• Tequila Sales Soar in Asia

Tequila Sales Soar in Asia

Premium tequila brand Patrón has surged in popularity in the U.S. in the past five years after hip-hop songs referred to it and young Hollywood celebrities were photographed drinking it. Will that cachet translate to strong sales in Asia? Asian pop stars may not be swilling bottles of Patrón in the back of limousines yet, but the […]

• Korean whisky market up for ‘premiumization’

The chief executive officer of Pernod Ricard said Thursday that the French-based global company sees the Korean market as mature for its diverse premium spirits. “The strategy is to go for premium products,” said Pierre Pringuet during an exclusive interview with The Korea Times in a Seoul hotel. Pringuet coined the word “premiumization.” He said […]

• Changing Alcoholic Drinks Needs & Behaviors of Senior Consumers

Changing Alcoholic Drinks Needs & Behaviors of Senior Consumers

The Seniors (50 years old +) age group is experiencing rapid growth as global populations age. This will have a fundamental impact on the center of gravity in CPG sectors. The alcohol industry has traditionally relied on young consumers, but the value of Seniors is potentially huge. This necessitates a rethink to position players “ahead […]