Jun 21, 2021 (Gmt+09:00)
HiteJinro's impressive performance is tied to its ability to win over local MZers in Russia, which has strict alcohol advertising regulations.
The Korean soju maker targeted younger consumers by making good use of influencers such as YouTube streamers, food bloggers and bartenders to promote soju on social media networks.
HiteJinro has also made serious efforts to broaden its distribution channels in Russia, such as targeting local supermarkets and chain stores in Moscow to promote its best-sellers such as the Chamisul soju and Jinro Green Grape.
Thanks to HiteJinro's successful localization strategy, the company has seen a significant rise in soju exports to Russia, logging an annual average growth rate of 76% since 2017. During the same period, fruit-flavored soju posted an annual average growth rate of 169%.
Moving forward, the company plans to continue fine-tuning its localization strategy to increase the number of stores that offer HiteJinro products in Russia.
Danbee Lee edited this article.
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