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 [...]
HANGZHOU, China, Aug. 24 (Korea Bizwire) — Alipay, the world’s largest online and mobile payment platform operated by Ant Financial Services Group (“Ant Financial”, “Ant”), is now available for Mainland Chinese tourists at all 242 Starbucks branches across Malaysia. Chinese tourists can find a nearest Starbucks through the in-app Discovery platform, and pay for their [...]
SEOUL, Aug. 22 (Korea Bizwire) — SK Telecom Co., South Korea’s No. 1 mobile carrier, said Tuesday it joined forces with Starbucks Korea to allow users of its artificial intelligence (AI) device NUGU to order drinks via voice. Under the agreement, SK Telecom plans to connect NUGU to Starbuck’s order application, allowing users to order [...]
SEOUL, June 3 (Korea Bizwire) – There is a strange culture among South Koreans in which the higher the price is, the better the product sells. For years, the South Korean media and a good portion of consumers have noticed and questioned this absurd trend in a country that has been hit by record high [...]
SEOUL, May 29 (Korea Bizwire) – Sales of milk bounced back last year after a four-year decline amid growing popularity of ‘latte’ coffee beverages in South Korea. According to a number of sources including Statistics Korea and the dairy industry, the annual consumption of milk in South Korea last year was estimated at 138,400 tons The [...]
SEOUL, May 24 (Korea Bizwire) – Starbucks Coffee Korea has been ordered to compensate a customer for providing only one free coffee after the consumer won an event that originally promised a free drink every day for a year, the plaintiff’s lawyer said Wednesday. The customer, surnamed Ko, filed the case with the Seoul Central [...]
SEOUL, Apr. 10 (Korea Bizwire) — The average South Koreans drank 500 cups of coffee last year, reflecting its popularity as a favorite beverage item consumed between meals, industry data showed Sunday. The coffee consumption in Asia’s fourth-largest economy is estimated to have reached about 25.05 billion cups at the end of 2016, up 25 [...]
SEOUL, April 5 (Korea Bizwire) – The Ministry of Environment (MoE) in collaboration with Starbucks Korea and the Korea Zero Waste Movement Network held an event at Seoul Forest yesterday to celebrate Arbor Day, which is today. The event encouraging the recycling of resources including used coffee grounds took place as yesterday marked the first [...]
SEOUL, March 20 (Korea Bizwire) – Marking its 17th anniversary last year, Starbucks Korea’s annual revenue exceeded 1 trillion won for the first time, and much attention is being paid to what is behind the international coffee giant’s long-lived success in the country. Of the 75 countries that Starbucks currently operates in, only in five [...]
SEOUL, March 16 (Korea Bizwire) – Starbucks Coffee Korea, the local unit of the U.S. coffee giant, said Thursday that its annual sales topped the 1 trillion won (US$884.17 million) mark for the first time ever last year after its first shop opened here in 1999. Starbucks Coffee, which is operated by retail conglomerate Shinsegae [...]