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10 pct of Franchise Coffee Shops Shut Down Last Year

10 pct of Franchise Coffee Shops Shut Down Last Year

SEOUL, Oct. 18 (Korea Bizwire) — Approximately 1 out of 10 franchised stores selling coffee and beverages shut down last year due to sluggish sales and other factors. Experts cite heightened competition within the saturated franchise market as the main issue, resulting in a wider polarization between successful and unsuccessful franchise business outlets. According to [...]

S. Korean Gov’t Announces Complete Smoking Ban at Cafés

S. Korean Gov’t Announces Complete Smoking Ban at Cafés

SEOUL, Apr. 20 (Korea Bizwire) — South Korean health authorities have announced plans to ban smoking completely at all cafés across the country from July. The Ministry of Health and Welfare is set to pass an amendment to the National Health Promotion Act by the end of next month, officials said on Thursday. Under the revised [...]