South Korean cafe ranks continues to grow
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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 percent (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The data may be a year out of date, but anecdotal feedback from the industry suggests the trend endured into last year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 percent more than in 2017.
Questions & Answers
Q.How many coffee shops were operating in South Korea at the time of the study?
How many coffee shops were operating in South Korea at the time of the study?
According to the Korea Fair Trade Commission, there were 15,036 coffee shops in South Korea as of 2018. This represented a 7.9 percent increase from the previous year, adding 1,105 new establishments.
Q.Did the rate of growth for coffee shops compare to other restaurant types?
Did the rate of growth for coffee shops compare to other restaurant types?
Yes, the rate of increase for coffee shops was the highest among all types of restaurants. This suggests a particularly strong expansion within the food service sector during the period studied.
Q.What were the average annual sales for South Korean cafes in 2018?
What were the average annual sales for South Korean cafes in 2018?
In 2018, the average annual sales for South Korean cafes reached 231 million won, which is approximately US$190,000. This figure marked a 6.5 percent increase compared to the sales reported in 2017.
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