SEOUL, Mar. 15 (Korea Bizwire) — Starbucks Coffee Korea posted a record operating profit last year amid growing popularity of the U.S. coffeehouse chain here, industry sources said Thursday. The 50-50 joint venture between retail conglomerate Shinsegae and the U.S. coffee giant posted 114.4 billion won (US$107 million) in operating profit on 1.2 trillion won [...]
SEOUL, Feb. 19 (Korea Bizwire) — South Korea’s domestic coffee market surpassed 10 trillion won in 2017 for the first time ever as demand for the brew continues to rise, market data showed Sunday. According to the Korea Customs Service (KCS), the country’s coffee market stood at 11.7 trillion won (US$10.8 billion), up more than [...]
SEOUL, Jan. 25 (Korea Bizwire) — A law revision recently passed a parliamentary committee to ban selling coffee at all elementary, middle and high schools, the food ministry said Thursday. Proposed changes would remove coffee and coffee drinks from school cafeterias, snack stores and vending machines, which mostly cater to faculty members, according to the [...]
SEOUL, Jan. 16 (Korea Bizwire) — The annual operating profit of Starbucks Coffee Korea Co., the local unit of the U.S. giant, surpassed the 100 billion-won (US$94 million) mark for the first time last year, driven by solid demand from young consumers, industry sources said Tuesday. The operating profit of the coffee chain, which is [...]
DAEJEON, Jan. 5 (Korea Bizwire) — A new study has found drinking one cup of coffee or green tea every day can help eliminate free radicals from the system. According to the study conducted by the Daejeon Metropolitan City Institute of Health & Environment, coffee and tea typically sold at cafes contain antioxidants such as [...]
SEOUL, Sept. 12 (Korea Bizwire) — Operating profits of Starbucks Coffee Korea are expected to exceed 100 billion won (US$88.4 million) this year amid growing popularity of the U.S. coffeehouse chain here, industry sources said Tuesday. The 50-50 joint venture between retail conglomerate Shinsegae and the U.S. coffee giant posted 52.8 billion won in operating [...]
BOGOTA, Colombia, Sept. 5 (Korea Bizwire) — The Colombian Coffee Growers Federation (FNC) recently launched a global call for making selective coffee harvesting in Colombia more efficient. This public and open call, called “CoffeepickINN”, is a challenge that seeks to identify innovative solution proposals coming from entrepreneurs, research groups and/or companies that make selective coffee [...]
SEOUL, Aug. 8 (Korea Bizwire) —In an attempt to encourage pedestrians to recycle, Seoul’s Seocho District is flexing its creative muscle. On August 7, the district office announced that it will place 44 recycling bins designed to look like giant coffee cups throughout the streets of the Gangnam and Banpo neighborhoods. Standing waist high, these garbage [...]
BOGOTÁ, Colombia, Jun. 14 (Korea Bizwire) – The First World Coffee Producers Forum, to be held in Medellín, Colombia, from July 10 to 12, will be opened by the expert and leader in sustainable development Professor Jeffrey D. Sachs as keynote speaker. The program of the First World Coffee Producers Forum includes speakers, analysts and guests [...]
SEOUL, Jun. 5 (Korea Bizwire) — South Korea’s imports of coffee products surged to record high levels last year on the back of burgeoning demand for the brewed drink, government data showed Friday. The inbound shipments of coffee products, such as raw beans, coffee beans and coffee capsules, reached 159,000 tons at the end of [...]