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1 In 10 Coffee Franchise Shut Down Last Year In South Korea


Just over 1,000 coffee shops went out of business last year, reflecting the nation’s coffee franchise market in a saturated state, data showed Wednesday.

According to local corporate tracker CEO Score, the total number of franchisees in Korea hit 87,540 as of the end of last year. The survey was based on a list of 118 franchise brands registered at the Korea Franchise Association.

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