logo
Nongshim's Baeksansu passes W1tr in sales, boosted by China facility

Nongshim's Baeksansu passes W1tr in sales, boosted by China facility

Korea Herald13 hours ago

South Korean food and beverage giant Nongshim announced Sunday that its bottled water brand, Baeksansu, has surpassed 1.1 trillion won ($800 million) in cumulative sales as of the first half of this year, a milestone achieved 12 years after its launch in 2012.
Named after its pristine source near Mount Baekdusan, Baeksansu has charted a steady growth trajectory, posting a compound annual growth rate of 16 percent. The brand recorded 24 billion won in revenue in 2013 and crossed the 100-billion-won mark in 2019.
It remains the only commercial bottled water sourced from this site and sold in Korea.
A key driver of its momentum is a dedicated manufacturing facility established in 2015 in Erdaobaihe, a town near the mountain's base in China's Yanbian prefecture.
The plant, capable of producing up to 1 million tons annually, features a fully automated, AI-supported system that ensures the water remains untouched by human hands throughout the entire supply chain from sourcing to bottling, the company explained.
China now accounts for roughly 25 percent of Baeksansu's total revenue.
To further tap into this growing market, Nongshim has introduced China-exclusive offerings, including a 5-liter bottle launched in 2022, while partnering with local authorities to certify and promote the water's quality and to roll out marketing campaigns.
'We will continue to highlight Baeksansu's distinctive profile and promote its globally recognized quality as we enter the second phase of growth,' the company said in a statement.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Lee discusses stimulus, diplomacy with bipartisan delegation
Lee discusses stimulus, diplomacy with bipartisan delegation

Korea Herald

time7 hours ago

  • Korea Herald

Lee discusses stimulus, diplomacy with bipartisan delegation

Lee hosts ruling and opposition party leadership for lunch, just 18 days into presidency President Lee Jae Myung held a lunch meeting with a bipartisan delegation Sunday at his official residence in Hannam-dong, Yongsan-gu, Seoul, to discuss the government's recent stimulus proposal and his visit to Canada to attend the G7 summit last week. There, Lee stressed a need to narrow down differences between rival parties. "Many world leaders (I met during the G7 summit) had a significant amount of interest in South Korea's present and future, so I thought we could conciliate with each other over the external issues," Lee said. "I thought we should review the economic situation of South Korea and the issues of national security and diplomacy that lay the foundation for South Korea's economy. Especially, we should work on the extra budget bill, and it is natural to have different opinions," he continued. Bowls of colorful noodles were served at lunch, according to the presidential office. The meeting marked the start of "candid conversation" between the president and leaders of rival parties, Woo Sang-ho, senior presidential secretary for political affairs, said in a briefing on Sunday Present at the meeting were Rep. Kim Byung-kee, floor leader of the ruling Democratic Party of Korea; Rep. Kim Yong-tae, interim leader of the main opposition People Power Party and People Power Party Whip Rep. Song Eon-seog. The ruling party chair position has yet to be filled. The primary focus of the meeting was the 30.5 trillion won ($22.2 billion) supplementary budget that is set to be tabled at the National Assembly on Monday. Among the extra budget is a 15.2 trillion-won stimulus plan, largely designed to shore up consumption by doling out 13 trillion won worth of cash-equivalent coupons to all South Korean citizens. Each individual will receive coupons worth at least 150,000 won. Additionally, 5 trillion won was allocated in the supplementary budget for small businesses and economically marginalized groups. The plan includes a 1.4 trillion won scheme to write off debts of small business owners -- up to 50 million won per individual -- that have been overdue for seven years or more. The liberal government's budget proposal gained Cabinet approval Thursday. At the meeting, People Power Party's interim leader Kim told Lee that he was wary of expansionary fiscal policy because it could lead to inflation. Kim also said Lee's debt write-off plan could prompt people's unwillingness to resolve delinquency. The ruling liberal party has the legislative power to single-handedly pass the budget bill, as it requires at least half of the votes by National Assembly lawmakers present at the session. The parliament is currently led by the ruling Democratic Party, which occupies 167 seats out of the 298. The conservative main opposition People Power Party holds 107 seats. Just before Sunday's lunch meeting, Democratic Party floor spokesperson Rep. Kim Hyun-jung claimed that a plenary session to pass the extra budget bill must take place before July 4, regardless of whether the People Power Party consents. Also during the meeting, Lee shared with the political leaders about his debut on the international stage as a guest at the Group of Seven summit, according to the presidential office. Chief of staff Kang Hoon-sik, on Tuesday, had extended a general invitation to the opposition party leaders while Lee was in Canada for the G7 summit. On Thursday, Lee told Kang that the meeting with bipartisan leadership should take place early, and the date was set for Sunday. This stands in contrast with Lee's conservative predecessor Yoon Suk Yeol, who first met the then-opposition leader Lee about two years into his presidency in April 2024, only after the then-ruling People Power Party suffered a crushing defeat in the general election.

Lee discusses stimulus, diplomacy with bipartisan delegations
Lee discusses stimulus, diplomacy with bipartisan delegations

Korea Herald

time11 hours ago

  • Korea Herald

Lee discusses stimulus, diplomacy with bipartisan delegations

Lee hosts ruling and opposition party leadership for lunch, just 18 days into presidency President Lee Jae Myung held a lunch meeting with bipartisan delegations Sunday at his official residence in Hannam-dong, Yongsan-gu, Seoul, to discuss the government's recent stimulus proposal and his recent visit to Canada to attend the Group of Seven summit. There, Lee stressed a need to narrow down differences between rival parties. "Many world leaders (I met during the G7 summit) had a significant amount of interest in South Korea's present and future, so I thought we could conciliate with each other over the external issues," Lee said. "I thought we should review the economic situation of South Korea and the issues of national security and diplomacy that lay the foundation for South Korea's economy. Especially, we should work on the extra budget bill, and it is natural to see different opinions," he continued. Bowls of colorful noodles were served at lunch, according to the presidential office. The meeting marked a significant "candid conversation" between the president and leaders of rival parties, Woo said Sang-ho, senior presidential secretary for political affairs, in a briefing on Sunday Present at the meeting were Rep. Kim Byung-kee, floor leader of the ruling Democratic Party of Korea; Rep. Kim Yong-tae, interim leader of the main opposition People Power Party, and its whip Rep. Song Eon-seog. The ruling party chair position has yet to be filled. The primary focus of the meeting was the 30.5 trillion won ($22.2 billion) supplementary budget that is set to be tabled at the National Assembly on Monday. Among the extra budget is a 15.2 trillion-won stimulus plan, largely designed to dole out 13 trillion won worth of cash-equivalent coupons universally to all South Korean citizens— at least 150,000 won per individual — to shore up consumption. Additionally, a separate 5 trillion won was allocated in the supplementary budget for small businesses and economically marginalized groups. The plan includes a 1.4 trillion won scheme to write off debts of small business owners up to 50 million won per individual that has been overdue for seven years or more. The liberal government's budget proposal gained Cabinet approval Thursday. At the meeting, People Power Party's interim leader Kim told Lee that he was wary of expansionary fiscal policy because it could lead to inflation. Kim also said Lee's debt write-off plan could prompt people's unwillingness to resolve delinquency. The ruling liberal party has the legislative power to single-handedly pass the budget bill, as it requires at least half of the votes by National Assembly lawmakers present at the session. The parliament is currently led by the ruling Democratic Party of Korea, which occupies 167 seats out of the 298. The conservative main opposition People Power Party holds 107 seats. Just before Sunday's lunch meeting, Democratic Party floor spokesperson Rep. Kim Hyun-jung claimed that a plenary session to pass the extra budget bill must take place before July 4, regardless of whether the People Power Party consents. Also during the meeting, Lee shared with the political leaders about his debut on the international stage as a guest at the Group of Seven summit, according to the presidential office. Chief of Staff Kang Hoon-sik, on Tuesday, had extended a general invitation to the opposition party leaders while Lee was in Canada for the G7 summit. On Thursday, Lee told Kang that the meeting with bipartisan leadership should take place early, and the date was set for Sunday. This stands in contrast with Lee's conservative predecessor Yoon Suk Yeol, who first met the then-opposition leader Lee about two years into his presidency in April 2024, only after the then-ruling People Power Party suffered a crushing defeat in the general election.

Seoul seeks to minimize fallout from US strike on Iran
Seoul seeks to minimize fallout from US strike on Iran

Korea Herald

time11 hours ago

  • Korea Herald

Seoul seeks to minimize fallout from US strike on Iran

The presidential office ordered ministries to prioritize the protection of South Korean nationals and to minimize potential security and economic fallout from the US military strikes on Iranian nuclear facilities. South Korean National Security Adviser Wi Sung-lac convened an emergency meeting at noon Sunday, hours after the US military bombed three nuclear facilities in Iran, presidential spokesperson Kang Yu-jung said during a televised briefing. 'At today's meeting, discussions focused on the impact of the US strikes on Iranian nuclear facilities — which follows the Israel-Iran conflict — on our security and economy, while also accurately assessing the current situation,' Kang said. '(National Security Office) Director Wi Sung-rak emphasized that, above all, it is important to protect the lives and safety of our nationals and to ensure the stable continuity of daily life," he added. According to Kang, Wi also 'called on relevant ministries to maintain close communication and cooperation to minimize the impact that the recent series of developments in the Middle East may have on the security and economic situation of the Korean Peninsula." Kang underscored that 'the discussions spearheaded by the presidential office will continue, closely monitoring developments related to the current situation and taking into account potential changes in circumstances.' The emergency meeting was also attended by first deputy National Security Adviser Kim Hyun-jong, second deputy adviser Lim Woong-soon, and third deputy adviser Oh Hyun-joo, as well as Senior Presidential Secretary for Economic Growth Ha Joon-kyung, among others. Separately, South Korea's Ministry of Trade, Industry and Energy also convened an emergency meeting Sunday to assess the impact of the US airstrike on domestic energy, trade, and supply chains. Second Vice Minister of Trade, Industry and Energy Choe Nam-ho was set to preside over a comprehensive situation assessment meeting at around 3 p.m. in Seoul. The meeting was held amid growing concerns over possible disruptions to crude oil and liquefied natural gas or LNG imports, as well as the operational status of tankers navigating waters near the Strait of Hormuz — a vital chokepoint for both South Korean and global energy shipments. According to a database provided by the Korea Trade-Investment Promotion Agency, the Strait of Hormuz accounts for around 35 percent of the world's crude oil shipments and 33 percent of global LNG shipments. Notably, 99 percent of Middle East-produced crude oil bound for South Korea passes through this strait, according to the KOTRA. As of Saturday, a total of 56 South Korean nationals and their Iranian family members had fled Iran and entered Turkmenistan with the assistance of the Foreign Ministry in Seoul and South Korean embassies in Tehran and Ashgabat. They will either return to South Korea or relocate to a third country, according to the Foreign Ministry. Among them were 52 South Koreans and 4 Iranians. As of June 13, when the airstrike exchange began with Israel's surprise attack on Iran, the Foreign Ministry said that around 110 South Korean nationals were staying in Iran. Tensions escalated as US President Trump announced early Sunday that the United States had struck three Iranian nuclear sites — in Fordow, Natanz, and Isfahan — joining Israel's airstrikes against Iran on the 10th day of the Israel-Iran conflict. In response to the US strikes, the Foreign Ministry said Sunday, 'Our government hopes that tensions in the region will be alleviated rapidly and will continue to participate in international efforts toward that end.' 'Our government places importance on resolving the Iranian nuclear issue from the perspective of nuclear nonproliferation and is closely monitoring developments related to the attack on nuclear facilities in Iran this morning, Korea time,' the Foreign Ministry said in a statement.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store