Local beer losing out to foreign rivals, jeopardizing production base
May 13, 2018
Local beer is steadily being sidelined by imports as distributors are focusing on importing foreign brands that can potentially threaten South Korea's production base, industry observers here said Sunday.Market insiders said that South Korean distributors are currently competing with each other to secure rights to import foreign beer that have become popular with consumers in recent years and offer better profits for companies that can handle them.Reflecting this trend, companies like Lotte Liqu