SEOUL, Apr. 23 (Korea Bizwire) — Hollys, the coffee business unit of South Korea’s KG Group, said Tuesday it will open its first overseas outlet in Japan next month as part of its expansion strategy. Hollys has set up a business entity in the neighboring country to open the outlet at the Marui Department Store [...]
BUSAN, Apr. 5 (Korea Bizwire) – The city of Busan will become the epicenter of the coffee world next month as it hosts the “World of Coffee & World Barista Championship,” an international event showcasing coffee products and pitting national barista champions against one another. From May 1 to 4, the Bexco Exhibition Center will welcome [...]
SEOUL, Dec. 12 (Korea Bizwire) — Canadian coffee brand Tim Hortons said Tuesday it will open 150 outlets in South Korea within five years as it plans to open its first store in southern Seoul on Thursday. Tim Hortons has decided to enter the Korean market, which has a vibrant coffee market where coffee consumptions [...]
SEOUL, Sept. 18 (Korea Bizwire) – The increasing number of inexpensive coffee shops near schools and hagwons (Korean cram schools) is causing worries about young people consuming too much caffeine. Teenagers mention that they visit these affordable coffee shops because they are everywhere and the beverages there don’t cost much. And affordable, caffeinated coffee can be [...]
SEOUL, Aug. 22 (Korea Bizwire) — South Korea’s coffee imports have declined this year due to reduced global production, dampening the growth driven by coffee’s popularity in the country. The value of coffee imports for the country totaled US$646.7 million in the January-July period, marking a 9.5 percent decrease compared to the previous year, according [...]
SEOUL, May 30 (Korea Bizwire) — The Seoul Metropolitan Government plans to change its policy in Bukchon Hanok Village and Insa-dong in central Seoul, allowing coffee sales in these traditionally tea-focused areas. This shift is driven by changing consumer preferences and the desire to revive the declining traditional tea market. By permitting coffee sales alongside [...]
SEOUL, Feb. 28 (Korea Bizwire) — Sales of iced Americanos at coffee shops nationwide turned out to be higher than those of hot Americanos last month despite freezing temperatures. South Korean coffee shop chain Hollys Coffee analyzed sales data from customers with a Hollys membership and found that iced Americanos made up 55 percent of [...]
SEOUL, Jan. 27 (Korea Bizwire) — SK Telecom Co., South Korea’s largest mobile carrier, said Thursday it is launching an unmanned coffee robot service in collaboration with local collaborative robot manufacturer Doosan Robotics Co. The robot, dubbed AI (artificial intelligence) Barista Robot, can make about 20 different types of coffee and drinks, and offers coffee [...]
SEOUL, Jan. 9 (Korea Bizwire) — South Korea’s imports of coffee soared nearly 45.1 percent in the first 11 months of 2022 from a year earlier on its growing popularity here, data showed Monday. The value of the country’s coffee imports came to US$1.19 billion in the January-November period, up 45.1 percent from the previous [...]
HWACHEON, Dec. 30 (Korea Bizwire) – The descendants of Ethiopian veterans who fought in the Korean War are coming to South Korea to introduce coffee from the world’s largest coffee-producing country. Gangwon Province’s Hwacheon County announced Thursday that an Ethiopia promotional hall and cafe will be set up at the Hwacheon Mountain Trout Festival from Jan. 7-29 [...]