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Starbucks Korea Doubles Down on Cashless Stores

Starbucks Korea Doubles Down on Cashless Stores

SEOUL, Oct. 23 (Korea Bizwire) — Starbucks Coffee Korea Co. is adding 300 more ‘cashless shops’ in addition to the 103 stores currently in operation, starting on Monday. Cashless stores recommend that customers use a means of payment other than cash. The company noted that adding 300 more cashless stores would amount to one-third of [...]

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 [...]

Tumbler Sales at Cafe Franchises Soar amid Plastic-free Movement

Tumbler Sales at Cafe Franchises Soar amid Plastic-free Movement

SEOUL, Sept. 6 (Korea Bizwire) — Sales of tumblers at local coffee franchises surged last month amid the government’s push to reduce the use of plastic cups and straws to protect the environment. Since last month, the government has been clamping down on coffee shops that provide drinks in disposable cups without first asking customers. [...]

Selling Coffee Banned at Schools from Sept. 14

Selling Coffee Banned at Schools from Sept. 14

SEOUL, Aug. 28 (Korea Bizwire) — Selling coffee will be completely banned at elementary, middle and high schools starting mid-September, the food ministry said Tuesday. The ban will become effective as of Sept. 14 following a law revision, according to the Ministry of Food and Drug Safety. Foods and beverages with high levels of caffeine [...]

Starbucks Coffee Korea Slapped with 10mln-Won Fine

Starbucks Coffee Korea Slapped with 10mln-Won Fine

SEOUL, Jul. 11 (Korea Bizwire) — South Korea’s communications regulator has slapped a 10 million-won (US$9,000) fine on Starbucks Coffee Korea Co. for breaching personal information of hundreds of its customers, an official said Wednesday. The Korea Communications Commission said IDs, nicknames and mobile phone numbers of 537 people were disclosed due to a technical [...]