Starbucks Korea’s new Aerocano has sold 1 million cups in its first week, setting the fastest sales record among iced beverages the company has released in Korea.
Starbucks Korea just launched the Aerocano, a coffee made with high-uressure aeration that looks like a stout beer, feels like a Nitro Cold Brew, but costs less than both.
For a country that goes big on iced coffee even in the dead of winter, Starbucks Korea has launched the Aerocano, a new take on the iced Americano that infuses air into the coffee.
Starbucks Korea expects to open at least 100 new branches this year as it continues its steady expansion in Asia's fourth-largest economy, the company said Sunday.
SNC Sein, the operator of the Korean low-cost coffee brand The Venti, said on Tuesday that it has opened its first outlet in the Middle East as part of its overseas expansion strategy.
Canadian coffeehouse chain Tim Hortons plans to open 50 additional stores in Korea by the end of the year, pushing back against early speculation that it was preparing to exit or scale down in the market.
Korea imported over 2 trillion won ($1.38 billion) worth of coffee last year, breaching the 2 trillion won mark for the first time in its history largely due to a hike in global prices and a weak Korean won, data showed Sunday.
Korea’s coffee franchise industry is under mounting pressure as the cost of imported coffee beans continues to surge while the won weakens, driving up operating costs.
A surge in global coffee prices, combined with the weakening of the won, has driven coffee import prices in Korea to nearly four times their level of five years ago, according to data from the Bank of Korea.
The prices of major imported agricultural goods in Korea have risen sharply in recent years, outpacing global price increases due to the weakening of the Korean won against the U.S. dollar, data showed Sunday.
Korea JoongAng Daily Sitemap
