SEOUL, June 5 (Korea Bizwire) – Paul Bassett – a coffee franchise named after an Australian barista – has just celebrated the opening of its 80th coffeehouse in South Korea. Operated by M’s Seed, a Maeil Holdings affiliate, the franchise was launched in September 2009 introducing “specialty coffee,” a concept that was unfamiliar to locals [...]
SEOUL, May 24 (Korea Bizwire) – South Koreans drank a total of 377 cups of coffee per person on average last year, mirroring brisk growth of the sprawling market fueled by a flurry of various franchises, a government report showed Wednesday. The average coffee consumption, based on South Koreans aged over 20, has grown at [...]
SEOUL, April 5 (Korea Bizwire) – Once the biggest coffeehouse chain in South Korea, Café Bene now appears to be at a crossroads amid growing industry competition, after reports emerged the coffee giant suffered an operating loss of 13.4 billion won last year. Marking its ninth year in 2017, Café Bene made a net profit [...]