SEOUL, Nov. 15 (Korea Bizwire) – Rising international coffee prices this year could hit South Korea soon, industry officials said Tuesday, although major franchises and coffee companies say they have no immediate plans for a markup. The International Coffee Organization (ICO) in its October report noted the significant rise in coffee prices, with Robusta, used [...]
SEJONG, Oct. 17 (Korea Bizwire) – Use of disposable cups in South Korea surged to a record-high volume last year mainly due to heavy coffee drinking, government data showed Sunday. The Ministry of Environment said more than 672.4 million disposable cups were used in South Korea last year, up 7.7 percent from the 2014 tally [...]
SEOUL, Oct. 10 (Korea Bizwire) – Instant coffee mix was found to be the most popular ‘tea’ beverage for overseas tourists visiting Korea. Coffee mix is an instant coffee product containing ingredients such as ground coffee beans, sugar and creamer, and it comes in single serving packages for quick preparation. Of 926 surveyed tourists, 53 [...]
SEJONG, Sept. 19 (Korea Bizwire) – Ediya Coffee Co., a local low-cost coffee franchise operator, has the most shops in South Korea amid rising demand for cheap take-out coffee, government data showed Monday. There were 1,577 Ediya Coffee franchise outlets across the country last year, followed by 821 Caffe Bene stores and 813 Angelinus shops, [...]
SEOUL, July 15 (Korea Bizwire) – Convenience stores are gaining a big customer base through cafe-style coffee and bakeries that are cheaper in price but satisfactory in quality, industry officials said Friday. The industry’s leading chain CU said its January-June sales of brewed coffee were up 64.2 percent from the same period last year. The [...]
SEOUL, July 7 (Korea Bizwire) – The Korean coffee market was valued at 5.4 trillion won ($4.66 billion) in 2015, and it’s growing fast. Powered by the trend, convenience store coffee products, which are often bottled or packaged in plastic cups, are also becoming popular. They’re usually more affordable than street cafés (an average Americano [...]
SEOUL, June 30 (Korea Bizwire) – Starbucks Korea’s latest eco-friendly effort, using coffee grounds as compost to grow crops and purchasing the harvested products, was chosen as June’s ‘Excellent Example of Coexistent Cooperation in Agricultural Products’ by the Ministry of Agriculture, Food and Rural Affairs (MAFRA). According to the ministry, Starbucks Korea is currently supplying [...]
YONGIN, South Korea, June 28 (Korea Bizwire) – The South Korean city of Yongin has been pushing ahead with a project to bid for the headquarters of the main intergovernmental body for coffee, the Yongin municipal government said Tuesday. The municipality, just south of Seoul, said it will coordinate with agriculture and foreign ministries and [...]
JAKARTA, May 27 (Korea Bizwire) – Indonesia is the second-largest producer of coffee in Asia, and the fourth-largest in the world. Brewed coffee brands from regions like Sumatra, Bali, and Java are well known among not only domestic but also foreign coffee enthusiasts. But contrary to popular practice, the county’s instant coffee market has become [...]
SEOUL, April 4 (Yonhap) – Low-cost coffees at South Korean convenience stores are increasingly popular among price-conscious consumers, posing a threat to coffee shop franchises, industry data showed Monday. Local convenience stores have served canned coffee and instant coffee with hot water for years, but they are expanding sales of higher-quality drinks through self-serve coffee bars [...]