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Franchise Coffee Shops Hit by Cheap Coffee Amid Economic Slowdown

Franchise Coffee Shops Hit by Cheap Coffee Amid Economic Slowdown

SEOUL, April 12 (Korea Bizwire) – Major franchise coffee shops in South Korea saw their revenue fall in 2015 in the face of tougher competition with cheap take-out coffee amid economic slowdown, heading to another tough year, data showed Tuesday. Homegrown coffee brands have sprung up in Asia’s fourth-largest economy over the past decade to [...]