Search results for Lotte Chilsung Beverage
Industry
Dairy industry enters second round of \'protein war\' with higher content, derivative products
South Korea\'s dairy industry is ramping up competition in ready-to-drink protein beverages by increasing protein content and rolling out derivative products. Namyang Dairy Products launched a renewed Take Fit Monster with 45 grams of protein, while Binggrae raised The Protein to as much as 40 grams. The domestic protein market has expanded rapidly since 2018, with beverages accounting for about 60 percent. Companies are also moving into amino acid-based energy gels as competition intensifies.
Industry
Food industry enters AGM season as commercial act response and new growth drivers come into focus
South Korea\'s food industry has entered the season for annual general meetings, with governance restructuring and securing future growth drivers emerging as key themes. With the revised Commercial Act set to take effect, companies are moving to amend articles of incorporation and adjust board structures, while also putting forward agenda items including reappointment of owner executives and succession-related appointments. Firms are also accelerating diversification and overseas expansion by adding new business purposes and reorganising operations.
Industry
Lotte Chilsung Beverage says Crush Mongolia exports up 90 percent in two years
Lotte Chilsung Beverage said on March 19 that its beer export value to Mongolia rose about 90 percent last year from a year earlier. It said global beer exports also grew about 40 percent on the back of strong Mongolia shipments. The company said it has expanded sales channels for its Crush brand and stepped up marketing, including club promotions, concerts and social media content. It plans more promotions this year, including tastings at hotels and restaurants.
