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Jeffrey Sachs to Open 1st World Coffee Producers Forum in Colombia

Jeffrey Sachs to Open 1st World Coffee Producers Forum in Colombia

BOGOTÁ, Colombia, Jun. 14 (Korea Bizwire) – The First World Coffee Producers Forum, to be held in Medellín, Colombia, from July 10 to 12, will be opened by the expert and leader in sustainable development Professor Jeffrey D. Sachs as keynote speaker. The program of the First World Coffee Producers Forum includes speakers, analysts and guests [...]

Average S. Korean Had Some 500 Cups of Coffee in 2016: Data

Average S. Korean Had Some 500 Cups of Coffee in 2016: Data

SEOUL, Apr. 10 (Korea Bizwire) — The average South Koreans drank 500 cups of coffee last year, reflecting its popularity as a favorite beverage item consumed between meals, industry data showed Sunday. The coffee consumption in Asia’s fourth-largest economy is estimated to have reached about 25.05 billion cups at the end of 2016, up 25 [...]

Why is Starbucks So Popular in South Korea?

Why is Starbucks So Popular in South Korea?

SEOUL, March 20 (Korea Bizwire) – Marking its 17th anniversary last year, Starbucks Korea’s annual revenue exceeded 1 trillion won for the first time, and much attention is being paid to what is behind the international coffee giant’s long-lived success in the country. Of the 75 countries that Starbucks currently operates in, only in five [...]

Coffeemakers Turn to Capsules to Evade Market Saturation

Coffeemakers Turn to Capsules to Evade Market Saturation

SEOUL, Dec. 5 (Korea Bizwire) – Korean coffeehouse franchise Hollys Coffee announced Monday that it is launching “K-cup” coffee capsules for Keurig coffeemakers in two flavors – Colombian Supremo and Espresso Rainforest Blend.  Keurig entered the Korean market in July, and although Hollys Coffee has collaborated with other franchises to make Keurig-specific coffee capsules, this [...]

Coffee Companies Tie Cultural Promotions to Their Business

Coffee Companies Tie Cultural Promotions to Their Business

SEOUL, Nov. 30 (Korea Bizwire) – Coffee companies are engaging in cultural promotions as a way of improving their brand image with customers through hosting mini concerts and art exhibitions.  Dongsuh Food, famous for its instant coffee mix brand Maxim, recently hosted its latest classical music concert in the southwestern city of Jeonju on Nov. [...]

Consumers Goods Makers Raise Prices before Year-End

Consumers Goods Makers Raise Prices before Year-End

SEOUL, Nov. 18 (Korea Bizwire) – Major makers of snacks, drinks and cosmetics have increased the prices of their products as the end of the year draws near, while speculations are rising over price surges in instant noodle and coffee products, according to industry officials Friday.  Earlier this month, Oriental Brewery, South Korea’s largest brewer, [...]