Liquor Market in Korea and Japan

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Current Issues In order to better comprehend what has been done against what is to be done we need to inspect the current situation of Jinro Japan. In doing so we will look at their current status which reflects the consequences of their previous strategies, then we will look at the current trends that explain those outcomes to finally suggest strategies for the future of Jinro. Recent performances Beer Jinro’s beer division, Hite, has had a rough time ever since it entered the Japanese beer market, in which only the top 2 local brands have over 70% of the market share. On the other hand, Korean exports to Japan accounted for 62.5% of the total foreign beer and low malt beer imported to Japan for the year ended 2010. Jinro Soju Even though Jinro Japan managed to gain 1st place in the Japanese soju market by the new millennium through high-end marketing, ever since 2009 its performance has not been able to take the lead again. Jinro’s main competitor in the Japanese soju market, namely, Lotte Chilsung Beverage, has been the major struggle of Jinro’s soju by slowly increasing its market share. Makgeli A current trend in the Japanese alcohol market can be found in the recent popularity of makgeli among consumers. In fact, Japanese people seem to have acquired a new taste for this type of alcohol and therefore, are more willing to consume it. For instance, makgeli is now enjoyed with several meals by the Japanese. Others Among the portfolio of Jinro Japan there is no other product that significantly stands out in terms of sales. It is important to highlight that Jinro’s presence in Japan mainly depends on the soju market, and therefore, other distilled liquors, spirits, and derived beverages have a minimal impact on Jinro’s overall performance in Japan. Reasons Japanese alcohol market The Japanese alcohol market is strongly dominated by

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