Hite Jinro Co., the leading soju brand and liquor company in South Korea, expanded overseas, and its popularity is growing steadily. The brand is becoming more well-known due to the unstoppable spread of K-pop all over the world.
In fact, on Tuesday, Aug. 22, Hite Jinro said that its sales of soju in the United Kingdom are still increasing. The company said that the sales in the region are showing consistent growth every year. With this development, the soju maker wants to further broaden its reach in the European market.
As per The Korea Economic Daily, Hite Jinro is planning to promote Korean soju further in the European market. The company will start this promotion in the U.K. and then gradually spread into other territories.
The firm shared that its exports of soju in the U.K. reached an average annual growth rate of around 42% in the last four years. To be more specific, the export volume in the first half of this year alone increased by 43% compared to the volume within the same period in 2022. This shows that sales have grown by 63% since 2021.
"The European market, which used to be centered around Korean expats and travelers, is experiencing rapid growth in soju sales as it expands toward local consumers," Hite Jinro’s managing director of overseas business unit, Hwang Jung Ho, said in a statement. "We plan to broaden the opportunities for experiencing soju in Europe, particularly in the U.K., and carry out various marketing activities."
Meanwhile, Korea IT Times reported that Hite Jinro officially sponsors large-scale music festivals in the U.K. It will support the “ALL POINT EAST FESTIVAL (APEF)” held at Victoria Park, London, from Aug. 18 to 27. The soju maker will be sponsoring the event for the entire duration of 10 days.
Photo by: Samia Liamani/Unsplash


Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies
Lee Seung-heon Signals Caution on Rate Hikes, Supports Higher Property Taxes to Cool Korea’s Housing Market
Kroger Set to Name Former Walmart Executive Greg Foran as Next CEO
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran
Washington Post Publisher Will Lewis Steps Down After Layoffs
UK Starting Salaries See Strongest Growth in 18 Months as Hiring Sentiment Improves
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns
Australian Pension Funds Boost Currency Hedging as Aussie Dollar Strengthens
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans
U.S. Stock Futures Rise as Markets Brace for Jobs and Inflation Data
Nikkei 225 Hits Record High Above 56,000 After Japan Election Boosts Market Confidence
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 



