Rapid Expansion of Low-Cost Coffee Chains in South Korea
Creatrip Team
a year ago
Low-cost coffee chains in South Korea, such as The Venti and Mega Coffee, are rapidly expanding with thousands of new franchise locations. This growth is driven by consumer demand for affordable options amid economic recession. However, concerns are rising about market saturation and fierce competition among small business owners, as the number of coffee shops exceeds demand leading to closures and market contraction for the first time in six decades.
