Starbucks will open second community storeStarbucks Korea plans to expand the number of its community stores in Korea next year, the coffee chain announced in a statement on Thursday.
Starbucks opened its first community store in the Daehak-ro neighborhood of central Seoul in 2014. A community store is a profit-sharing program: part of the profits earned from the store is donated to the local community.
Starbucks Korea plans to open its second community store in the first half of next year, according to the company.
The stores will share their profits to help “young people seeking opportunities, promoting environmental sustainability, and celebrating Korean cultural heritage,” the company said.
“For nearly 50 years, Starbucks has believed that one of the most important contributions we can make is to serve as a catalyst for positive impact in the communities where we do business,” said John Culver, group president of channel development and global coffee and tea in a statement.
“Each year we try to live up to this responsibility in new and meaningful ways. I’m proud to announce that this year, we’re introducing a plan that will increase our commitment,” he continued.
BY JIN MIN-JI [firstname.lastname@example.org]