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Starbucks Set to Post Record Operating Profits in Korea in 2017: Sources

Starbucks Set to Post Record Operating Profits in Korea in 2017: Sources

SEOUL, Sept. 12 (Korea Bizwire) — Operating profits of Starbucks Coffee Korea are expected to exceed 100 billion won (US$88.4 million) this year amid growing popularity of the U.S. coffeehouse chain here, industry sources said Tuesday. The 50-50 joint venture between retail conglomerate Shinsegae and the U.S. coffee giant posted 52.8 billion won in operating [...]

FNC Launches Global Call to Make Coffee Harvesting in Colombia More Efficient

FNC Launches Global Call to Make Coffee Harvesting in Colombia More Efficient

BOGOTA, Colombia, Sept. 5 (Korea Bizwire) — The Colombian Coffee Growers Federation (FNC) recently launched a global call for making selective coffee harvesting in Colombia more efficient. This public and open call, called “CoffeepickINN”, is a challenge that seeks to identify innovative solution proposals coming from entrepreneurs, research groups and/or companies that make selective coffee [...]

Giant Coffee Cups Boost Recycling in Seocho District

Giant Coffee Cups Boost Recycling in Seocho District

SEOUL, Aug. 8 (Korea Bizwire) —In an attempt to encourage pedestrians to recycle, Seoul’s Seocho District is flexing its creative muscle. On August 7, the district office announced that it will place 44 recycling bins designed to look like giant coffee cups throughout the streets of the Gangnam and Banpo neighborhoods. Standing waist high, these garbage [...]

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 [...]