Liquor industry against plan to increase bottle refunds

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Liquor industry against plan to increase bottle refunds

The local liquor industry has opposed the government’s policy to raise the return prices of empty glass liquor bottles, saying it may lead to price hikes of soju and beer. The Korea Alcohol & Liquor Industry Association on Thursday held a press conference to officially oppose the policy pushed by the Ministry of Environment, saying companies may have to raise liquor prices by 10 percent. The ministry announced last month that it will raise the price of a returned empty soju bottle from 40 won to 100 won, and an empty returned beer bottle from 50 won to 130 won, starting next year. After the announcement, consumers started hoarding bottles to sell them back next year, and the liquor companies suffered increased production costs to make extra investment in bottles.

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