BEAMSTART Logo

Coffeehouse Giant Starbucks Establishes Dominance in South Korea's Coffee Market; Customers Enjoy Drinks, Playtime, and Productivity

Korea Economic Daily LogoKorea Economic Daily1w ago

 Coffeehouse Giant Starbucks Establishes Dominance in South Korea's Coffee Market; Customers Enjoy Drinks, Playtime, and Productivity - Korea Economic Daily

Quick Summary:

Compared with some homegrown Korean coffee chain operators, Starbucks Korea runs fewer outlets.

According to Starbucks Corp., Korea ranks fourth globally in the number of outlets, trailing only behind the US, China and Japan.

Starbucks Korea now hires 23,000 partners.According to SCK Co., the operator of Starbucks Korea under Korean retail giant Shinsegae Group, Starbucks Korea posted 49.8 billion won ($37.4 million) in operating profit with a profit margin of 6.5% in the third quarter of 2023.Sales were 758.6 billion won.


More Pictures

 Coffeehouse Giant Starbucks Establishes Dominance in South Korea's Coffee Market; Customers Enjoy Drinks, Playtime, and Productivity - Korea Economic Daily (Picture 1) Coffeehouse Giant Starbucks Establishes Dominance in South Korea's Coffee Market; Customers Enjoy Drinks, Playtime, and Productivity - Korea Economic Daily (Picture 2) Coffeehouse Giant Starbucks Establishes Dominance in South Korea's Coffee Market; Customers Enjoy Drinks, Playtime, and Productivity - Korea Economic Daily (Picture 3) Coffeehouse Giant Starbucks Establishes Dominance in South Korea's Coffee Market; Customers Enjoy Drinks, Playtime, and Productivity - Korea Economic Daily (Picture 4)

or

Article Details

Category: Economy

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-02-12 @ 13:26:49 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 625 words

Reading Time: 4 minutes read

Sentences: 37 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Korea Economic Daily

News ID: 20041766

View Article Analysis

About Korea Economic Daily

Korea Economic Daily Logo

Main Topics: Economy

Official Website: kedglobal.com

Update Frequency: 2 posts per day

Year Established: 1964

Headquarters: South Korea

News Last Updated: 8 hours ago

Coverage Areas: South Korea

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #91

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story " Coffeehouse Giant Starbucks Establishes Dominance in South Korea's Coffee Market; Customers Enjoy Drinks, Playtime, and Productivity" has 625 words across 37 sentences, which will take approximately 3 - 6 minutes for the average person to read.

Which news outlet covered this story?

The story " Coffeehouse Giant Starbucks Establishes Dominance in South Korea's Coffee Market; Customers Enjoy Drinks, Playtime, and Productivity" was covered 1 weeks ago by Korea Economic Daily, a news publisher based in South Korea.

How trustworthy is 'Korea Economic Daily' news outlet?

Korea Economic Daily is a fully independent (privately-owned) news outlet established in 1964 that covers mostly economy news.

The outlet is headquartered in South Korea and publishes an average of 2 news stories per day.

It's most recent story was published 8 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #20041766
  • URL: https://beamstart.com/news/starbucks-reigns-in-coffee-republic-17077209749443

BEAMSTART brings you the latest news, databases, and jobs from all around the world on startups, technology, and business. Stay updated with industry news, plug-in to exciting community events, and discover incredible career opportunities with the world's most innovative companies.

© Copyright 2024 BEAMSTART. All Rights Reserved.