SEOUL, Apr. 30 (Korea Bizwire) — CJ Foodville, the restaurant arm of food and entertainment conglomerate CJ, said Tuesday that it has decided to sell its coffee chain operator to a foreign private equity fund (PEF) for some 200 billion won (US$171 million) to improve its financial footing. The company’s board of directors approved a [...]
SEOUL, Apr. 30 (Korea Bizwire) — Blue Bottle Coffee will officially debut in Seoul later this week, a South Korean affiliate of the upscale U.S. coffee chain operator said Tuesday. The new cafe will open in Seoul’s eastern Seongsu neighborhood — a trendy hangout spot where young artists and designers renovated existing buildings into art [...]
SEOUL, Apr. 24 (Korea Bizwire) — Starbucks coffee grounds are composted and sprayed on farmland, and agricultural products grown as food for the compost will be reborn as Starbucks products. Starbucks Coffee Korea Co. announced on Tuesday that it had signed a mutually beneficial agreement with the city of Pyeongtaek on Monday, along with the [...]
SEOUL, Mar. 25 (Korea Bizwire) — A recent study has showed that the most comfortable price among consumers for a cup of coffee (americano) was 2,900 won (US$2.56), much lower than the actual price of americanos being sold in most coffee shops at over 4,000 won (US$3.53). The Consumer Network for Public Interest (CNPI), a [...]
SEOUL, Feb. 17 (Korea Bizwire) — South Korea’s imports of coffee declined last year for the first time since 2012, suggesting that the boom of coffee shops might have peaked, data showed Sunday. Imports of coffee fell to 143,000 tons in 2018, down 2,600 tons from a year ago, according to data by the Korea [...]
SEOUL, Jan. 15 (Korea Bizwire) — Sales of brewed coffee at local convenience stores have increased as more South Koreans seek cost effective drinks in the face of rising consumer prices, industry data showed Tuesday. BGF Retail Co., the operator of South Korea’s largest convenience store chain, CU, said revenues from brewed coffee at its [...]
SEOUL, Dec. 26 (Korea Bizwire) — The world’s very first 5G robot cafe has opened in Seoul. KT Corp. announced on Tuesday that it has introduced 5G service at Beat Coffee, an unmanned cafe owned by Dal.komm Coffee, a South Korean coffee franchise, where a barista robot takes orders and prepares beverages. KT implemented a [...]
SEOUL, Nov. 7 (Korea Bizwire) — Blue Bottle Coffee Co., an upscale U.S. coffee chain operator, said Wednesday that it will open its first Korean shop in Seoul in the second quarter of next year as the company moves to expand its presence in the Asian market. It said the new cafe and a roastery [...]
GANGNEUNG, Oct. 31 (Korea Bizwire) – The amount of trash from this year’s coffee festival held in Gangneung was cut drastically compared to last year. According to the local civic organization, 4 tons of regular trash and 1 ton of recyclable waste resulted from the 10th Gangneung Coffee Festival held between October 5 and 9. [...]
SEOUL, Oct. 26 (Korea Bizwire) — New data shows that South Korea is one of the 10 largest importers (in terms of price) of coffee products produced in the European Union (EU). According to Eurostat, the EU’s statistics agency, the sum amount of coffee products exported from the EU to South Korea last year totaled [...]