WHILE Korean fried chicken is fast becoming a staple for Filipinos, we haven’t completely embraced the culture of chimaek (a portmanteau of the Korean words for “fried chicken” and “beer”), a combination that began to gain popularity in South Korea in the 1970s. Enter Daily Beer, one of South Korea’s leading fried chicken brands which […]WHILE Korean fried chicken is fast becoming a staple for Filipinos, we haven’t completely embraced the culture of chimaek (a portmanteau of the Korean words for “fried chicken” and “beer”), a combination that began to gain popularity in South Korea in the 1970s. Enter Daily Beer, one of South Korea’s leading fried chicken brands which […]

A chicken-beer alliance

2025/12/11 00:06

WHILE Korean fried chicken is fast becoming a staple for Filipinos, we haven’t completely embraced the culture of chimaek (a portmanteau of the Korean words for “fried chicken” and “beer”), a combination that began to gain popularity in South Korea in the 1970s.

Enter Daily Beer, one of South Korea’s leading fried chicken brands which elevates the concept with craft beers, flown in from South Korea. It opened its first branch in the Philippines in Pasig’s Arcovia City on Nov. 30, with a media preview the day before on Nov. 29.

“Everywhere in the world, there’s a lot of fried chicken, and there’s a lot of beer. But most fried chicken places use commercial, mass-produced, generic beer, which is not considering the food pairing at all,” said Sang Jin Lim, the chief executive officer of Daily Beer Co., Ltd. (which first opened in 2014), speaking through Jay Lim, Business Development Division/Global Business Manager Daily Beer Co., Ltd.

“We specifically make beers for the fried chicken we have,” said Mr. Lim. “It’s perfectly tailored for our dishes.”

There are four varieties of chicken at the restaurant: Original, Red (spicy sauce), Black (sweet garlic soy sauce), and Crunch (garlic and sweet and spicy seasoning). They also have other Korean dishes: gimbap, tteokbok-ki, and the sweet-and-sour chicken gangjeong; among others. Matching the dishes are the five craft beers they have on tap: K-Red Lager, K-Seoul Weizen, K-Daily Pale Ale, K-Super Fresh Hazy IPA, and K-Ginseng Lager, which was specifically developed for the Philippines. “We have the capacity to create new beers for the local market,” said Mr. Lim.

We tried out the K-Ginseng beer (woody and with a wet, herby taste; excellent), and all the chicken flavors. We will say that the experience becomes sublime with the beer (and our beer choice was perfect with the Black flavor).

According to Daily Beer’s website, they had 402 stores as of 2024, with a bulk of them in South Korea; but they also have a presence in Bangkok, and Singapore.

“We’re the only company that’s growing two-digit numbers, every year for 12 years straight. Never any kind of decline,” said Mr. Lim. Their website said that they have enjoyed 39.4% growth from 2022 to 2024.

It was in Singapore where Kirkland Whang, chairman of Opulence Prime Ventures, Inc., which brought the concept to the Philippines, first tried Daily Beer. Opulence Prime Ventures is in real estate, online retail, and even mattresses.

“The first time we tried Daily Beer in Singapore, we immediately knew that the taste of the chicken is unique, together with the beer selection they have,” he said. “I know that our culture here will love that taste,” said Mr. Whang.

The senior Mr. Lim said that he liked the original flavor with the Red Lager, while Mr. Whang likes the original, and varies his beer choices depending on his mood. The junior Mr. Lim said, “I like the IPA personally. I don’t mind what I eat with the IPA. The fragrance, the aroma, is really strong.”

According to Mr. Whang, they’re on track to open a second branch in SM Fairview this month, and another in Makati next year. — Joseph L. Garcia

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Wormhole Jumps 11% on Revised Tokenomics and Reserve Initiative

Wormhole Jumps 11% on Revised Tokenomics and Reserve Initiative

The post Wormhole Jumps 11% on Revised Tokenomics and Reserve Initiative appeared on BitcoinEthereumNews.com. Cross-chain bridge Wormhole plans to launch a reserve funded by both on-chain and off-chain revenues. Wormhole, a cross-chain bridge connecting over 40 blockchain networks, unveiled a tokenomics overhaul on Wednesday, hinting at updated staking incentives, a strategic reserve for the W token, and a smoother unlock schedule. The price of W jumped 11% on the news to $0.096, though the token is still down 92% since its debut in April 2024. W Chart In a blog post, Wormhole said it’s planning to set up a “Wormhole Reserve” that will accumulate on-chain and off-chain revenues “to support the growth of the Wormhole ecosystem.” The protocol also said it plans to target a 4% base yield for governance stakers, replacing the current variable APY system, noting that “yield will come from a combination of the existing token supply and protocol revenues.” It’s unclear whether Wormhole will draw from the reserve to fund this target. Wormhole did not immediately respond to The Defiant’s request for comment. Wormhole emphasized that the maximum supply of 10 billion W tokens will remain the same, while large annual token unlocks will be replaced by a bi-weekly distribution beginning Oct. 3 to eliminate “moments of concentrated market pressure.” Data from CoinGecko shows there are over 4.7 billion W tokens in circulation, meaning that more than half the supply is yet to be unlocked, with portions of that supply to be released over the next 4.5 years. Source: https://thedefiant.io/news/defi/wormhole-jumps-11-on-revised-tokenomics-and-reserve-initiative
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BitcoinEthereumNews2025/09/18 01:31