Free Subscription

  • Access 15 free news articles each month

Professional

Try one month for $4
  • Unlimited access to news,insights and opinions
  • Quarterly and weekly magazines
  • Independent research reports and forecasts
  • Quarterly webinars with industry experts
  • Q&A with retail leaders
  • Career advice
  • 10% discount on events
×

South Korean cafe ranks continues to grow

The number of South Korean cafes continues to grow at a brisk pace, according to a government recent study.

The Korea Fair Trade Commission reported there were 15,036 coffee shops in South Korea as of 2018, an increase of 7.9 per cent (1105 shops) over the previous year. The rate of increase was the highest among all types of restaurants.

The data may be a year out of date, but anecdotal feedback from the industry suggests the trend endured into last year.

As of 2018, average annual sales for South Korean cafes amounted to 231 million won (US$190,000), which was 6.5 per cent more than in 2017.

You have 7 free articles.

Masterclasses are only for Professional Subscribers

Become a Professional for only $4 Already member? Login
  • Unlimited access to news,insights and opinions
  • Quarterly and weekely magazines
  • Independent research reports and forecasts
  • Quarterly webniars with industry experts
  • Q&A with retail leaders
  • Carrer advice
  • Exclusive masterclass access.Part of Retail Week 2021
 
× n-popup