SEOUL, South Korea – The average South Korean drank 500 cups of coffee last year, reflecting its popularity as a favorite beverage item consumed between meals, industry data showed Sunday. The coffee consumption in Asia's fourth-largest economy is estimated to have reached about 25.05 billion cups at the end of 2016 ...
SEOUL, South Korea – Instant coffee consumers are switching from coffee mix to instant drip, industry sales data showed Wednesday. The market for coffee mix shrank on four consecutive years of minus growth. Last year's sales were down 7.2 percent from the year before.
BANGKOK, Thailand – Nestle Thai Ltd, the distributor of Nescafe coffee, is set to shake up Thailand's premium coffee market with the launch of new Nescafe formulas for young coffee lovers in an attempt to boost premium coffee consumption. Vladislav Andreev, business executive manager for coffee and creamer business at Nestle Thai ...
SEOUL - Lotte Food, a Lotte Group company, and Swiss-based multinational Nestle will create a joint venture called "Lotte-Nestle (Korea) Co." Through the alliance,...