Starbucks Korea is planning to add at least 100 outlets this year after recently opening the 2,003rd store in Asia’s fourth-biggest economy.
The Seattle-based coffee giant introduced its first store in front of Ewha Womans University in Seoul in 1999 in partnership with local retailer Shinsegae Group.
Korea now ranks third in terms of the number of Starbucks outlets after the US with 16,941 stores and China with 7,596, a person familiar with the matter told Yonhap News Agency. There are 1,986 Starbucks outlets in Japan.
Starbucks Korea is widely expected to report a record US$2.09bn in sales for 2024, given its sales for the January-October period jumped 6.2 per cent on-year to $1.5bn, the person said.
