Policy Changes to Aid Dwindling Makgeolli Exports

According to a recent Korea Joongang Daily article, “Starting this year, conglomerates can produce and export makgeolli (Korean rice wine) if it is produced jointly with small and midsize businesses.

Korean National Commission for Corporate Partnership on Tuesday decided to lift the ban for three years to try to revitalize sagging consumer goods businesses.”

The report has some fairly grim statistics on the makgeolli exports business (or lackthereof). In 2011, exports were at $52.7 million USD but, by 2014, that figure had shrunk to $15.4 million.

The conglomerates in question—Kooksoondang Brewery, Lotte Chilsung, Hite Jinro, and CJ Cheil Jedang—will now have the opportunity to partner with brewers who are members of the Korean Unrefined Rice Wine and Traditional Liquor Production Association and the Korean Makgeolli Association.

To read Kim Ji-Yoon’s full article on the Korea Joongang Daily website, follow the link.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s