If you’re at all clued into pop-culture or good food, you’ll know that Korean media, music and cuisine are red hot right now – so much so that the trend is named the Korean Wave. While the kids watch KPop Demon Hunters, adults now have a new crop of Korean soju canned cocktails to enjoy. RTD beverages featuring the Korean spirit number in the few in the U.S., but they are resonating with some important audiences. Just last month, BevNET Cocktail Showdown winner Yoju closed a $1.4 million raise led by Top Shelf Ventures and No Sleep Beverage, whose portfolio includes Juliet Wine and Madre Mezcal. In April, California-based Hello Soju raised $6.8 million for its relaunch. This emerging crop of soju RTDs range from yogurt-spiked takes on traditional Korean drinking rituals to flavored sparkling seltzers, coming from both first-time entrepreneurs and even K-pop media executives. There are several other factors in favor of these brands, including Gen Z’s thirst for full-flavor RTDs and the ability to reach a wide age range and different ethnic demographics. Bringing in Asian-Americans has been a win for Los Angeles-based Yoju at retailers – and Hispanic drinkers aren’t afraid of yogurt drinks either. Hummy, a sparkling soju seltzer with flavors in Asian Pear and Honey Melon has gained accolades for standing out in a sea of tequila and vodka seltzers. But Yoju now faces the dilemma of how to lean into its traditional roots and unique aspects, while positioning it for wider mass appeal. Hummy also faces the question at retailers of placement in the RTD section, where it has a small slot to operate against leading brands, or in an international section (“all the way in the back where the bathrooms are,” said one founder). Meanwhile, global media companies are getting in on soju seltzers, possibly signaling more investment in the segment. Put on some k-pop and read more on the site. |