You are here

South Korea's cafe boom nears saturation point

Market is getting very crowded; smaller players suffer as convenience stores cut prices
Wednesday, April 6, 2016 - 05:50

BT_20160406_SYCOFFEE617E0_2206319.jpg
Starbucks Coffee Korea, a 50-50 joint venture between the world's biggest coffee chain and South Korean hypermarket operator E-Mart, now has 860 stores in the country.

Seoul

SOUTH Korea's coffee shop craze is frothing over.

In fashionable retail and commercial districts of southern Seoul, nearly one in every two buildings boasts a coffee shop - evidence of a boom that has delivered dizzying growth for the likes of Starbucks and local chains.

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom