Top 5 Largest Alcoholic Beverage Companies in Korea
Some drinkers love studying the histories of various distilleries, comprehending the nuances of the manufacturing process, and developing their palates to ... read more...appreciate complex flavor profiles. On the other side, some people hold the belief that while wine is excellent, booze is quicker. But they all share one thing in common, that is the strong passion for alcoholic beverages. To help them broaden their horizon about this field, Toplist has compiled a rundown of the Largest Alcoholic Beverage Companies in Korea.
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South Korean multinational beverage, brewing, and distiller company HiteJinro was established in 1924. More over half of soju's domestic sales are produced there, making it the beverage's top producer globally. In addition, it produces whiskey and a range of other alcoholic drinks. There are distilleries at Icheon, Cheongwon, and Masan, with the Masan facility focusing on exports. Moreover, a facility in Cheongwon is where Jinro makes the Soksu brand of bottled water. The business was purchased by Hite, a well-known beverage manufacturer whose primary offering is beer, in 2006.
The most well-liked alcoholic beverage in the world, Chamisul, is the brand name for Jinro soju. They use temperature-sensitive paper on their bottle labels as part of their marketing plan. The soju is ready to drink when a tab in the form of an Asiatic Toad, the company's emblem, turns from white to blue depending on how warm or cold the bottle is. After sales of 73.8 million 9-liter bottles in 2015, Jinro has been awarded the world's best-selling spirit in the Millionaires' Club 2016.
HiteJinro's market cap was $1.24 billion as of March 2023. By market cap, HiteJinro is now the 4362nd most valuable corporation in the world. The most recent financial reports from HiteJinro show that the company's current revenue (TTM) is $1.89 B. The company generated $1.90 billion in revenue in 2021, a decline from $1.93 billion in revenue in 2020.Founded: October 3, 1924
Headquarters: HiteJinro Building714 Yeongdong-daero, Gangnam-gu, Seoul, South Korea
Market cap: $1.24 Billion
Revenue in 2022 (TTM): $1.89 B
Website: en.hitejinro.com -
Oriental Brewery, sometimes known as OB, is a South Korean brewery that was first established by Doosan Group and is currently owned by AB InBev. It was started in 1952 by the Doosan Group and bought out by InBev in 1998. Anheuser-Busch InBev sold it in July 2009 in an effort to pay down debt for the parent business. It was sold to a Kohlberg Kravis Roberts & Co. subsidiary. Five years after the sale, Anheuser-Busch InBev (AB Inbev) has the option to buy OB under pre-negotiated terms.
AB Inbev exercised its right to repurchase OB in April 2014. OB once more became an AB Inbev subsidiary. Nowadays, OB manufactures a number of the most well-liked alcoholic beverages in Korea, including the OB, Cass, and Cafri lager brands. Instead of the malted barley that is so popular among beer enthusiasts in the West, all OB beers are made from rice. Red Rock, OBE, KaprI, Budweiser, and other brands were produced by the company after it merged with Cass Beer (State) in March 2001, which had a manufacturing capacity of 1,120,000 KLE per year.
It was the first sector of the beer business to receive the Korea Standards Association's ISO 9001 accreditation in July 2002. After Dutch brewer Molte Industries acquired it in September 2010, it became a foreign corporation. In April 2014, it became a subsidiary of Belgian brewer Anheuser-Busch Inversh.
Founded: 1952
Headquarters: Cheongju, South Korea
Market Cap: N/A
Revenue: 1.34 trillion KRW
Website: https://www.ob.co.kr/ -
One of South Korea's leading beverage producers, Lotte Chilsung, is a division of the Lotte Company. The word "Chilsung" (chilseong,, ) literally translates to "Great Dipper" (seven stars), and the company's emblem is a row of seven stars with the same name. Lotte Chilsung Beverage has been consistently developing and marketing goods in carbonated drinks, juices, coffee, tea, and water since the inception and successful debut of Chilsung Cider, a lemon-lime soft drink, in 1950.
Vietnam was the first country to receive Lotte Chilsung Cider exports in 1966. The business started to establish a global footprint in the middle of the 1970s by signing deals with American businesses like Pepsi. Lotte Chilsung obtained a JAS mark in 1989. With 35% of the domestic market share in the late 1990s, Lotte Chilsung became the largest beverage firm in Asia.
Founded: May 1950
Headquarters: Seoul, South Korea
Market Cap: 1,49B KRW
Revenue: $1.87 billion
Website: lottechilsung.co.kr -
The company Muhak Co., Ltd. produces and sells alcoholic beverages. Branded alcoholic beverages with names like Joeunday, Joeunday Color, Joeunday 1929, Maesil Maeul, and others are among its offerings. The company's headquarters are in Changwon-si, South Korea, and it was established on March 5th, 1929.
Muhak Co.,Ltd. produces, supplies, and distributes alcoholic beverages. The business sells soju, rice wines, plum wines, sparkling wines, and chrysanthemum-flavored alcoholic beverages. Moreover, Muhak Co.,Ltd. produces and sells stainless steel goods in addition to electrical steel sheets.
Founded: March 5th, 1929.
Headquarters: Headquarters6, Bongamgongdan 2-gil Masanhoewon-gu Changwon-si GyeongnamChangwon; Gyeongsangnam, Korea
Market Cap: N/A
Revenue: 152.83 B
Website: http://www.muhak.co.kr -
The Jejubeer Company runs firms that produce alcoholic beverages. The business manufactures alcoholic beverages including beers and ales. Business is conducted by Jejubeer in South Korea. The business manufactures alcoholic beverages including beers and ales. Together with other goods, the company sells beers, ales, and other alcoholic beverages. Jeju Beer Company, Ltd is a South Korean company with headquarters in Jeju that was founded in 2015.
Korea's first international craft beer firm is called Jeju Beer Co., Ltd. Brooklyn Brewery, the top craft beer seller in New York, USA, and the corporation partnered for the first time in Asia. The Ministry of Small and Medium Venture Businesses chose the business as the first "reserve unicorn" in the beer sector. The business's total investments surpass 600 billion (as of 2020). Since the product's inception, annual sales growth has exceeded 200% (as of 2020). Approximately 10,2020 people have visited Jeju Brewery cumulatively. Founded as a fresh tourism destination in Jeju Island. The company has collaborations with PUBG, Innisfree, Highland Park, Hyundai Card, etc.
Founded: February 09, 2015
Headquarters: 62-11, Geumneungnonggong-gil Hallim-eup Jeju, Korea
Market Cap: ₩23.97B
Revenue: ₩23.97B
Website: www.jejubeer.co.kr