Monday, July 7, 2025
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

Starbucks serves South Koreans coffee and glimpse into the North By Reuters

by Reuters
November 29, 2024
in Stock Market
Reading Time: 3 mins read
A A
0
Home Stock Market
Share on FacebookShare on Twitter


By Sebin Choi and Hyunsu Yim

GIMPO, South Korea (Reuters) – The world’s final Chilly Struggle frontier now has a Starbucks cafe in South Korea the place clients can get a glimpse by the closely militarised border into the North, all whereas sipping a latte.

A whole lot confirmed up on Friday for the opening of the U.S. coffeehouse chain’s latest retailer in an observatory close to the town of Gimpo, round 50 km (31 miles) northwest of Seoul and near the Demilitarized Zone separating the 2 Koreas.

The DMZ has grow to be an unlikely draw for overseas and native vacationers, regardless of a spike in tensions on the Korean peninsula in recent times.

Guests should cross by a navy checkpoint on the way in which to the Starbucks outlet, though it’s in a lesser recognized and fewer militarised than extra in style vacationer spots alongside the border such because the Panmunjom truce village.

A river designated as “impartial waters” runs between the observatory and the border city of Kaepung within the North simply 1.4 km away. On a transparent day, North Korean villagers might be seen from the observatory by its telescopes.

The 2 Koreas are nonetheless technically at conflict after a three-year battle resulted in a 1953 armistice. A peace treaty has by no means been signed.

In current months, tensions have additionally grown over balloons of trash floated from North Korea, which Pyongyang says are a response to balloons carrying anti-regime leaflets despatched by activists within the South.

North Korea blew up inter-Korean roads and rail strains on its aspect of the border final month, whereas Seoul warned Pyongyang that any use of its nuclear weapons would spell the tip of the North Korean regime.

Baek Hea-soon, a 48-year-old Gimpo resident, arrived early on Friday to check out the brand new Starbucks outlet.

“I want I might share this tasty espresso with the folks in North Korea,” she mentioned.

North Korea has over current a long time suffered critical meals shortages, together with a famine within the Nineteen Nineties, typically exacerbated by pure disasters comparable to floods that harm harvests.

Starbucks, with its international recognition, might change the border space’s “darkish and miserable” picture, Gimpo Mayor Kim Byung-soo mentioned.

“This place might now grow to be an vital vacationer vacation spot for safety (and) peace that may be seen as younger, vibrant and heat, in addition to garnering international consideration,” Kim advised reporters.

Starbucks is ubiquitous throughout South Korea, with 1,980 shops as of the third quarter of 2024, in keeping with SCK Firm, which operates Starbucks within the nation by a licensing deal.

In 2021, Starbucks Corp (NASDAQ:) offered its stake in Starbucks Korea to Starbucks Espresso Korea Co, now often known as SCK Firm, and Singapore sovereign wealth fund GIC.





Source link

Tags: CoffeeglimpseKoreansNorthReutersservesSouthStarbucks
Previous Post

This Might Be Like Moving into Airbnb in 2012

Next Post

Bukele Aims to Tap Into the Massive Potential of Salvadoran Gold Reserves

Related Posts

Dell Stock Is Fairly Valued With CSG Struggles (NYSE:DELL)

Dell Stock Is Fairly Valued With CSG Struggles (NYSE:DELL)

by Jia Ming Eow
July 7, 2025
0

This text was written byObserve19 12 months previous passionate dealer managing a 6 determine portfolio attempting to and beating the...

5 Stocks I’m Buying As The ‘Big Beautiful Bill’ Pushes The Market To New Highs

5 Stocks I’m Buying As The ‘Big Beautiful Bill’ Pushes The Market To New Highs

by Austin Rogers
July 5, 2025
0

This text was written byObserveAustin Rogers is a REIT specialist with knowledgeable background in industrial actual property. He writes about...

ANSYS-Synopsys Merger Between Will Proceed As Planned

ANSYS-Synopsys Merger Between Will Proceed As Planned

by Tangerine Tan Capital
July 4, 2025
0

This text was written byObserveMy major space of focus might be on figuring out firms of remarkable caliber, with a...

Building Tools for Tomorrow’s Auctioneers: Meet Bert Leffel

Building Tools for Tomorrow’s Auctioneers: Meet Bert Leffel

by Andrea Vargas
July 4, 2025
0

From a post-COVID stock scramble to a $40,000 leap into liquidation, Bert Leffel, CEO of AuctionFuel and Listernaut, has seen...

Hyatt: A Buy On Favorable Valuations And Strategic Shift Toward Asset-Light Business (H)

Hyatt: A Buy On Favorable Valuations And Strategic Shift Toward Asset-Light Business (H)

by Alpha Mantra
July 2, 2025
0

This text was written byComply withI'm a worth centered investor, conducting elementary analysis on sectors like however not restricted to...

Butterfly Network: Still A Long Way From Profitability (NYSE:BFLY)

Butterfly Network: Still A Long Way From Profitability (NYSE:BFLY)

by Macrotips Trading
July 1, 2025
0

This text was written byObserveWriter of the Macro Traits & Inflection Factors E-newsletter. I spent 5 years as a co-founder...

Next Post
Bukele Aims to Tap Into the Massive Potential of Salvadoran Gold Reserves

Bukele Aims to Tap Into the Massive Potential of Salvadoran Gold Reserves

Deribit to Migrate All Activities to Its Dubai-Licensed Entity

Deribit to Migrate All Activities to Its Dubai-Licensed Entity

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Musk Teases Pro-Bitcoin America Party, Trump Fires Back, BTC Bull Token to Thrive

Musk Teases Pro-Bitcoin America Party, Trump Fires Back, BTC Bull Token to Thrive

July 7, 2025
Dell Stock Is Fairly Valued With CSG Struggles (NYSE:DELL)

Dell Stock Is Fairly Valued With CSG Struggles (NYSE:DELL)

July 7, 2025
EAD: Good Recent Performance, But Hard To Justify The Current Price

EAD: Good Recent Performance, But Hard To Justify The Current Price

July 7, 2025
Apple’s USB-C AirPods Max are cheaper than ever in this Prime Day deal

Apple’s USB-C AirPods Max are cheaper than ever in this Prime Day deal

July 7, 2025
XRP Price Eyes  as RLUSD Nears B Market Cap After 800% YoY Growth

XRP Price Eyes $4 as RLUSD Nears $1B Market Cap After 800% YoY Growth

July 7, 2025
UK-French Ukraine military initiative ‘lacks direction’ – Politico — RT World News

UK-French Ukraine military initiative ‘lacks direction’ – Politico — RT World News

July 7, 2025
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

Musk Teases Pro-Bitcoin America Party, Trump Fires Back, BTC Bull Token to Thrive

Dell Stock Is Fairly Valued With CSG Struggles (NYSE:DELL)

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In