SEOUL, May 12 (Korea Bizwire) – The Seoul Metropolitan Government is teaming up with major coffeehouse chains in South Korea for a new recycling project that will see a weekly dose of coffee grounds reused as fertilizer and disposable cups collected for recycling, as part of a new environmental initiative set to kick off next month. [...]
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, April 12 (Korea Bizwire) – Major franchise coffee shops in South Korea saw their revenue fall in 2015 in the face of tougher competition with cheap take-out coffee amid economic slowdown, heading to another tough year, data showed Tuesday. Homegrown coffee brands have sprung up in Asia’s fourth-largest economy over the past decade to [...]
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 [...]
SEOUL, Feb. 23 (Korea Bizwire) — Koreans love Ediya, a Korean coffee franchise, for its price and Starbucks for its taste. The Korea Consumer Agency (KCA) conducted a survey on 999 consumers regarding seven coffee franchises in Korea, and published the results on February 22. Ediya earned the highest score at 3.75 out of 5 for overall [...]