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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

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.


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.

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