S KOREA: Jinro looks to up soju share - report
Jinro plans to raise its share of the South Korean soju market, according to local reports.
The spirits group said today (16 April) that it aims to command more than 55.3% of the nation's soju market by the end of the year.
Yoon Jong-woong, the CEO of Jinro, told reporters he will take "aggressive steps" to achieve the market share target in South Korea.
The South Korean liquor maker, acquired by Hite Brewery in mid-2005, plans to list the company's shares again by 9 January next year in an effort to raise the company's value.
Figures released by the Korea Alcohol and Liquor Industry Association in January show that, in 2006, Jinro accounted for 52.3% of soju sales. Doosan came in second with 9.7% of the market.
News this week that SABMiller and Molson Coors are to team up in the US beer market may have caught the industry by surprise, but the logic is compelling. As Olly Wehring reports, not only can the dea...
Alcohol consumption in the UK has dropped for the second consecutive year, according to industry figures....
Rum producers from French overseas departments (counties) have been given a 50% tax break on excise duty charged on sales within mainland France, stretching until December 2012....
Singha Corp has announced plans to add a seventh plant to its operations specifically for bottled water and carbonated beverages....
SABMiller and Molson Coors have confirmed plans to combine their US and Puerto Rico operations....
Carlsberg has launched a new high alcohol beer from its Celarevo brewery, making it the strongest beer available in the Serbian market....
Radico Khaitan has teamed up with two other Indian companies to build a new distillery in the western state of Maharashtra....
Indian conglomerate UB Group has announced a raft of key executive appointments at at its drinks subsidiaries, Whyte & Mackay, United Spirits and United Breweries, promoting long-standing employees to...
- How Treasury is rewriting the rule book - Comment
- Craft spirits shake-out will be just the beginning
- Drinkable yogurt - The next drinks opportunity
- Has Diet Coke passed its sell-by date? - Comment
- Coca-Cola India suspends bottling operations
- Diageo brands need "fixing and nurturing" - TWE
- SAB shareholders granted AB InBev vote split
- This week in wine & spirits on just-drinks
- Spirits volumes slide in Global Travel Retail
- Pernod Ricard wins Ron Matusalem 'Cuba' legal row
- The Next Seven Big Beverage Markets
- Global rum insights - market forecasts, product innovation and consumer trends
- Carlsberg AS (CARL B) - Financial and Strategic SWOT Analysis Review
- Global RTD insights - market forecasts, product innovation and consumer trends
- Adultifying Soft Drinks; Capitalizing on rising adult demand for non-alcoholic beverages