South Korea's alcoholic beverage companies are eyeing to boost alcohol consumption at home with the COVID-19 outbreak decimating hospitality businesses across South Korea.
Restaurants and bars, usually packed with group dinner reservations as the year ends, are forced to close after 9 p.m. in Seoul and surrounding areas under strict social distancing rules.
An official at liquor manufacturer HiteJinro said that while they are not protesting the government’s policy to limit opening hours, the industry is left in poor shape and forced to focus on the home drinking market.
There are over 1,000 daily coronavirus cases in South Korea.
December and the summer months are the peak sales seasons for the industry.
With the pandemic changing people‘s drinking patterns, wine has become more popular being preferred by home drinkers.
HiteJinro registered an annual sales growth of 11.2 percent for wine on Monday.
Meanwhile, sales of imported whiskey and beer are set to shrink this year, being more reliant on bar sales.
Alcohol beverage makers are also prioritizing packaging and diversifying their range of products for those drinking at home.
Oriental Brewery will come up with a “winter special package” of its malt lager brand OB Lager, while HiteJinro’s liquor brands, Chamisul and Jinro, have also released Christmas limited editions.
The liquor companies are also releasing at-home party packs for those drinking at home.


China Halts Shipments of Nvidia H200 AI Chips, Forcing Suppliers to Pause Production
Boeing Reaches Tentative Settlement With Canadian Victim’s Family in 737 MAX Crash Lawsuits
Anthropic Appoints Former Microsoft Executive Irina Ghose to Lead India Expansion
Publishers Seek to Join Lawsuit Against Google Over Alleged AI Copyright Infringement
Toyota Industries Buyout Faces Resistance as Elliott Rejects Higher Offer
Taiwan Issues Arrest Warrant for OnePlus CEO Over Alleged Illegal Recruitment Activities
Chevron Set to Expand Venezuela Operations as U.S. Signals Shift on Oil Sanctions
U.S. Moves to Expand Chevron License and Control Venezuelan Oil Sales
Jamie Dimon Signals Possible Five More Years as JPMorgan CEO Amid Ongoing Succession Speculation
TSMC Set to Post Record Q4 Profit as AI Chip Demand Accelerates
BYD Shares Rise in Hong Kong on Reports of Battery Supply Talks With Ford
China Considers New Rules to Limit Purchases of Foreign AI Chips Amid Growing Demand
TikTok Expands AI Age-Detection Technology Across Europe Amid Rising Regulatory Pressure
White House Pressures PJM to Act as Data Center Energy Demand Threatens Grid Reliability
U.S. Transportation Board Sends Union Pacific–Norfolk Southern Merger Back for Revision
China’s AI Models Narrow the Gap With the West, Says Google DeepMind CEO
xAI Restricts Grok Image Editing After Sexualized AI Images Trigger Global Scrutiny 



