SEOUL, Mar. 22 (Korea Bizwire) — Starbucks Coffee Korea Co., the local unit of the U.S. coffee giant, said Thursday it will begin a test run of cashless stores at three outlets next month amid rising use of credit card and mobile payment systems. The stores at the country’s major office districts — Gangnam and [...]
SEOUL, Jan. 29 (Korea Bizwire) – The South Korean love affair with Starbucks burned hot last year, as the Seattle-based coffee behemoth revealed it had sold 83.6 million americanos last year, the coffee chain’s number one selling drink for the 11th year running. South Korea’s population is estimated at 51.6 million (Statistics Korea), meaning that [...]
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 [...]
SEOUL, Dec. 13 (Korea Bizwire) – Starbucks Coffee Korea Co. said Wednesday it will open its largest store in central Seoul next week amid its growing popularity among local consumers. The 1,097-square-meter store at Jongno Tower, set to open on Dec. 20, will have about 100 coffee and tea items on the menu — 30 [...]
SEOUL, Oct. 19 (Korea Bizwire) — A Twosome Place, a South Korean coffee shop franchise operated by CJ Foodville, is improving its position in the local market, outpacing its rivals with an expanded network of branches nationwide, data showed Thursday. A Twosome Place, an affiliate of CJ Group, had 894 shops as of the end [...]
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 [...]