SEOUL, Nov. 11 (Korea Bizwire) – In South Korea’s fiercely competitive coffee market, where a “coffee war” is in full swing, Coffee Bean leads major franchises with the highest prices, charging 5,000 won for an Americano. For context, the true price ceiling in South Korea’s coffee scene belongs to Bacha Coffee’s Cheongdam flagship store, recently opened [...]
SEOUL, May 22 (Korea Bizwire) – Surging prices for coffee beans on international markets are putting a strain on South Korean coffee shop operators, raising concerns that the higher costs could lead to increases for consumers. The price of robusta coffee beans has more than tripled since 2020 to $3.97 per kilogram last month, according to [...]
SEOUL, Aug. 9 (Korea Bizwire) – Over the series of increases in coffee prices of major coffee shop franchises, a consumer group warned a show of force arguing the markups are groundless. The Coffee Bean & Tea Leaf raised the price of a small-sized cup of Americano by 4.7 percent, from 4,300 won to 4,700 won, [...]