https://www.koreatimes.co.kr/www/tech/2024/06/419_377739.html
Coffee nation: No. of cafes in Korea exceeds 100,000 as low-cost franchises expand rapidly
The number of coffee shops in Korea has surpassed 100,000 as low-cost franchise brands become increasingly popular, with more people getting into the business, according to Statistics Korea and market observers, Sunday.
www.koreatimes.co.kr
The number of coffee shops in Korea has surpassed 100,000 as low-cost franchise brands become increasingly popular, with more people getting into the business, according to Statistics Korea and market observers, Sunday. The figure is nearly double the combined number of the four major convenience store chains here, some 55,000, and the number of coffeehouse franchise brands, 886, is more than that of fried chicken brands, 669.
exceed = surpass =outstrip = outdo = outperform = outnumber = outrun = overrun = go beyond = be more than 초과하다, 넘어서다, 능가하다
increasingly = gradually = incrementally = more and more 점점더, 서서히, 점점 증가하는
get into business = start out in business = embark on business 사업을 시작하다
market observer = market watcher = market pundit = market analyst = market expert 시장분석가, 시장 관찰자
nearly = almost = aroud = roughly = in the neighbourhood of = of the order of = in the order of = circa = c. = approximately 거의, 대략, 약
convenience store 편의점
coffeehouse = cafe = coffee shop 커피점, 카페
chain store = chain = franchise brand = franchise business 체인점, 가맹점
According to statistics, Korea had 100,729 coffee shops as of the end of 2022, up 4.5 percent from the previous year and almost double the figure from 2016. Among them, 84,000 were small businesses, with four or less employees, while the rest were franchise shops.
as of 일자로, 현재로
from the previous year = compared to last year = over the preceding year = year-on-year = year-of-year = from a year ago = from a year earlier 전녀대비, 일년전에 비해, 작년대비
amoust double the figure 수치가 거의 두배가 되다
The shops registered 15.5 trillion won ($11.2 billion) in sales combined as of 2022 and employed 270,000 workers. The market growth has been backed largely by the rapidly growing popularity of low-cost coffee franchise brands in the past few years. Mega MGC Coffee, the most popular brand among the country’s big three low-cost coffee franchise brands, surpassed its 3,000th store in May. Compose Coffee has launched over 2,570 shops as of May and Paik’s Coffee, has over 1,220.
market growth 시장 성장성, 시장 성장
be backed by ~에 힘입다
rapidly growing popularity 빠르게 성장하는 인기
low-cost coffee franchise brand 저가 커피 체인점
low-cost = low-priced = cheap = budget = inexpensive = low in price = downmarket 저가의, 싼가격의, 저렴한 가격의
These brands promote themselves as being convenient and accessible, with affordable prices and large-sized drinks. Such features distinguish the brands from previous top sellers in the local coffee shop industry such as Starbucks, A Twosome Place, The Coffee Bean as well as more premium brands like Paul Bassett.
convenient 편리한, 간편한, 가까운
accessible 다가가기 쉬운, 접근가능한, 이용가능한
affordable price 저렴한 가격, 합당한 가격, 적당한 가격
distinguish = differentiate = tell from = set sth apart from 구별하다, 구분짓다
premium brand 프리미엄 브랜드, 최고급 브랜드
The coffee shop market’s growth has increased the country’s import of coffee beans. According to Korea Customs Service, Korea last year imported $1.11 billion worth of coffee beans. The figure is 1.7 times that of 2019 and 2.7 times that of 2014. As of May, coffee imports registered $463 million, a 2.6 percent jump from the previous year. As to weight, this year has seen over 84,000 tons, an 11.4 percent year-on-year increase.
coffee bean 커피빈, 커피콩
Korea Customs Service 관세청
worth of ~어치의, ~가치의
as of ~일자로, 현재로
as to = as for ~에 관해, ~에 관해서는
jump from = increase from = rise from ~에서 증가하다
from the previous year = compared to last year = over the preceding year = year-on-year = year-of-year = from a year ago = from a year earlier 전녀대비, 일년전에 비해, 작년대비
Behind such market expansion is the relatively affordable cost of launching a coffee shop. A person can open a franchise shop with 100 million won and a non-franchise shop, with even less capital. The fact that the business does not require a specific technique also contributes to more people flocking to the industry.
market expansion 시장 확장
relatively = comparatively 상대적으로, 비교적으로
specific technique 특정 기술, 구체적인 기술
flock to = throng into = gather around = congregate = stampede into = crowd to ~에 모이다, 인파가 몰여들다
There are, however, mixed views toward the market. Some officials from coffee franchise companies here speculated that the market has so far shown a steep rise in growth in a short period but will soon start showing a slower pace in growth. “Having more shops than convenience stores altogether is just too much,” one official said. “I think the market has nearly saturated.”
mixed views 엇갈리 견해
speculate = guess = surmise = conjecture = suggest = assume = presume = estimate 추측하다, 추정하다
show a steep rise in growth 빠른 성장을 보이다
show a slow pace in growth 느린 성장을 보이다
in a short perod 단기간 내에
saturated market 포화상태인 시장
so far = thus far = until now = up to the present = hitherto = heretofore = up to this time 지금까지hereafter = henceforward = henceforth = from now on 지금부터, 이후로, 앞으로
Another official said that concerns about the market being too saturated have been ever present since 2010 and are hardly news. “The number has been increasing rather safely, step by step. This means that there have always been enough demands for the market,” the official said.
be hardly news 뉴스거리도 아니다, 놀랍지도 않다
ever present 항상 존재하는
step by step = little by little = slowly but surely = slowly but steadily = gradually = progressively = by degrees 한걸음씩, 천천히, 점진적으로
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