Jipyeong Brewery’s Cheonan manufacturing plant in South Chungcheong Province / Courtesy of Jipyeong Brewery
Main Korean makgeolli maker Jipyeong Brewery stated Friday it expects report gross sales in 2025, cementing its place within the nation’s conventional fermented rice alcoholic beverage market.
The corporate stated it expects to increase its streak of report annual income to a sixteenth consecutive 12 months, a run that started after it posted 200 million received ($135,740) in gross sales in 2010. The corporate famous that the monetary result’s significant because it got here amid a protracted slowdown in Korean liquor industries.
Jipyeong in 2024 posted 46.9 billion received in gross sales and three.7 billion received in working revenue. Alongside its rising income, the corporate has maintained working revenue within the vary of three.6 billion received to 7 billion received over the previous 5 years, indicating comparatively steady profitability.
Jipyeong Brewery’s Jipyeong Makgeolli 1925
Jipyeong stated the constant gross sales progress over 16 years proves the corporate didn’t depend on any widespread hit product or development. It stated the efficiency fairly was because of the agency’s structural competitiveness throughout elements, high quality and logistics.
It additionally attributed its regular progress to its growth into abroad markets. Jipyeong now exports to fifteen nations, with final 12 months’s exports leaping greater than 5 occasions from the earlier 12 months.
Jipyeong started as a small brewery in Jipyeong village in Yangpyeong County, Gyeonggi Province, and has been scaling up its manufacturing by establishing breweries in Gangwon Province and South Chungcheong Province.
The Yangpyeong brewery grew to become a nationally registered cultural heritage in 2014 attributable to its historic presence and, after being renovated, grew to become a museum final July.
“Jipyeong doesn’t compromise on high quality. Through the use of home rice, we’ll construct up international competitiveness to grow to be probably the most respected and marketable conventional liquor,” a Jipyeong official stated.
