BUSAN, Nov. 19 (Korea Bizwire) — One district in the city of Busan is gaining popularity as an ‘island without franchises’. Yeongdo-gu, an island district in Busan, is known as the islet of coffee, where various coffee festivals are held regularly in tandem with local coffee shops. These coffee shops are private stores not affiliated [...]
SEOUL, Nov. 7 (Korea Bizwire) — The number of coffee shops in South Korea continues to grow. More than 71,000 coffee shops are now operating nationwide, with 14,000 opening last year alone. According to a report by KB Financial Group Management Research Institute, the increase in the number of coffee shops is because the number [...]
SEOUL, Oct. 24 (Korea Bizwire) — South Korea has long been one of the world’s largest ‘coffee republics,’ with a coffee market estimated at up to 12 trillion won (US$10.2 billion). Saramin, a South Korean job search portal, conducted a survey of 1,759 working adults, most of whom were found to drink at least two [...]
GANGNEUNG, Oct. 10 (Korea Bizwire) — Neil Vasdev, a University of Toronto professor, took an unforgettable seaside coffee break on a visit here for an international conference last week. He had a tasty cup of joe at a cafe overlooking the East Sea, together with his wife and some other forum attendees. “This coffee street [...]
SEOUL, Sept. 24 (Korea Bizwire) — A new trend is emerging where consumers order coffee from delivery apps or apply for monthly subscriptions to enjoy coffee. The new trend is replacing the trend of making and drinking coffee at home. Innocean Worldwide Inc., a major local advertising agency, released a data analysis report that analyzed [...]
SEOUL, Sept. 16 (Korea Bizwire) — Amid growing demand for coffee delivery, recent data shows that orders are high in areas with many office buildings as well as rental housing zones. According to the Coffee Index tabulated by the food delivery app Baedal Minjok, the most popular place for coffee delivery is Nonhyeon 1-dong in [...]
SEOUL, Aug. 27 (Korea Bizwire) — The beverage industry’s “fat can” trend, are aimed at “heavy users,” is leading to a drop in the popularity of slim cans. With the prolonged economic downturn, cost-effectiveness is becoming an underlying concern for consumers, and more and more are looking at cost over volume. Furthermore, with consumption trends [...]
SEOUL, Jul. 15 (Korea Bizwire) — Industry analysts say that the South Korean coffee industry will continue to expand fueled by specialty coffee shops in the future. South Korea’s coffee industry is estimated at 6.8 trillion won (US$5.77 billion) this year, the Hyundai Research Institute said Sunday in a report. The coffee industry is divided [...]
SEOUL, Jul. 9 (Korea Bizwire) — Blue Bottle Coffee Inc. said on Tuesday that it will increase the number of its outlets in South Korea to four this year as it seeks to tap deeper into one of the world’s most competitive coffee markets. The California-based coffee company advanced to Korea in May by opening [...]
SEOUL, Jul. 3 (Korea Bizwire) — As a measure to prevent excessive consumption, regulations on caffeine will be expanded, with “total caffeine content” also displayed in coffee shops and bakeries that directly make and sell coffee starting next year. The newly introduced regulations, set forth by the Ministry of Food and Drug Safety, are an [...]