This March, Four Seasons Hotel Seoul takes centre stage as an official partner of the prestigious Asia’s 50 Best Restaurants 2024, which comes to the Korean capital for the first time. Securing its place as a gastronomic hotspot in the city’s thriving culinary scene, the contemporary Gwanghwamun hot
Pernod Ricard Korea, a Korean affiliate of Pernod Ricard Group, a global liquor maker, has launched a range of elegant whisky gift sets to celebrate the Lunar New Year in 2024, the Year of the Dragon. The sets feature various product lines ranging from high-quality blended whiskies to unrivaled sing
비지니스코리아 Jung Min-hee (pr@businesskorea.co.kr)Lotte Group Chairman Shin Dong-bin has expressed his commitment to focusing on nurturing new business ventures while also considering the possibility of selling underperforming businesses. Regarding the management dispute, he stated, “It has been resolved
Pernod Ricard Korea, the Korean affiliate of the global liquor company Pernod Ricard Group, announced the release of its ‘Drink More Water Staff Challenge’ video on the official LinkedIn channel of Pernod Ricard, targeting the festive season of End-of-Year, New Year’s Day, and Lunar New Year, when m
Pernod Ricard Korea, the Korean subsidiary of the global liquor company Pernod Ricard Group, will donate 40 million KRW to the Corea Image Communication Institute (CICI) and sponsor in kind various cultural communication events organized by CICI in 2024.Pernod Ricard Group has set a 2030 Sustainabil
Pernod Ricard Korea, the Korean affiliate of global wine and spirit company Pernod Ricard group, has signed a business agreement with Jeonju University to provide a free training on sustainable bar operations.The agreement will expand the ‘Bar World of Tomorrow' program, which was previously only av
In the third quarter of this year, OB’s steady-seller beer, Cass, successfully retained its position as the leading brand in the South Korean home beer market.According to the food industry statistics information from the Korea Agro-Fisheries & Food Trade Corporation (aT) on Nov. 5, the retail store
The author is an analyst for Shinhan Securities. He can be reached at sanghoonpure.cho@shinhan.com -- Ed.3Q23 OP meets consensus at KRW84.3bn (+12.3% YoY)Lotte Chilsung Beverage posted operating profit of KRW84.3bn (+12.3% YoY) on sales of KRW830.4bn (+5.9% YoY) in 3Q23, meeting the consensus estima
A video of a worker urinating on raw materials at a Tsingtao Beer plant in China has raised questions about whether the video will make a change in the imported beer market in Korea.“Korea is highly concerned about food hygiene and has some anti-China sentiments, so the video is bound to give the ne
HiteJinro, a major player in the liquor sector in South Korea, is gearing up to establish its first overseas factory in Vietnam as it approaches its 100th anniversary next year. This move is a cornerstone of their strategy to globalize the soju business.HiteJinro announced on Oct. 16 that HiteJinro
The author is an analyst for NH Investment & Securities. He can be reached at jooyh@nhqv.com --- Ed.Considering both the incorporation of its Philippines business as a consolidated subsidiary and product price hikes at rivals, Lotte Chilsung’s share price momentum is primed to strengthen towards end
Pernod Ricard Hong Kong Limited has unveiled Ballantine’s 21YO Artist Edition in collaboration with celebrated Korean artist Noh Sangho exclusively in Global Travel Retail across the APAC region.This artist edition is rooted in the campaign slogan of Ballantine’s, "Time Well Spent," which emphasizes
The author is an analyst for NH Investment & Securities. He can be reached at jooyh@nhqv.com -- Ed.Reflecting concerns toward intensifying competition in the domestic liquor market, we lower our TP on Lotte Chilsung. But, considering both an anticipated earnings uptrend following consolidation of ea
The author is an analyst for NH Investment & Securities. He can be reached at kyeongkeun.kang@nhqv.com -- Ed.Nara Cellar is the fourth largest wine importer/distributor in Korea. It has established a balanced portfolio of wine from different regions. Through the establishment of an advanced winery n
The author is an analyst of NH Investment & Securities. He can be reached at jooyh@nhqv.com -- Ed.Affected by Chumchurum Saero marketing expenses, Lotte Chilsung’s 1Q23 results slightly missed consensus. However, the steady increase in sales volume is positive. We maintain a Buy rating, viewing the
The author is an analyst of NH Investment & Securities. He can be reached at jooyh@nhqv.com -- Ed.We lower our TP for HiteJinro on a reduction to our earnings estimates to reflect both a rise in malt prices and cost increase stemming from the launch of a new product. However, a share price rebound i
Prestige whisky of Pernod Ricard Korea, Royal Salute, was honored as the double-crown awardee in the whisky category of the ‘2023 Korea Wine & Spirits Awards’. Moreover, with craft bourbon whiskey Rabbit Hole and single pot still Irish whiskey Redbreast, new releases from last year to meet diversifi
The author is an analyst of NH Investment & Securities. He can be reached at jooyh@nhqv.com -- Ed.Lotte Chilsung’s domestic soju market share recovery is continuing, led by Chumchurum Saero. Share price momentum is high thanks to the possible consolidation of the firm’s Philippine subsidiary within
HiteJinro announced on March 27 that its soju exports hit an all-time high of US$120 million last year with a year-on-year increase of 16.4 percent.The company initiated its soju globalization in 2016 and its soju exports have increased since then. For the last five years, the exports showed an aver
Shilla Duty Free and Shinsegae Duty Free won the DF1 and DF2 licenses for perfume, cosmetics, liquor and cigarette sales at Incheon International Airport.The two companies won the DF3 and DF4 (fashion and boutique) licenses as well. The DF5 (boutique) license also went to the two and Hyundai Departm