Beer renaissance hits Korea.

While some enjoy the local beers like Hite and OB, many say the flavors are too simple and too similar. The updated Liquor Tax Law intends to fix that, going live on April 1, and allowing small to medium sized beer makers to enter the market. In the past, makers had to have a capacity of more than 150kL in order to sell their beer outside of a pub. It now stands at 75kL.

The tax rate was also cut by 20%. Experts believe that prices will quickly fall and consumers will win big.