The Korea Herald: Starbucks Korea Reports Q3 Operating Loss of 45.3 Billion KRW
According to The Korea Herald, citing financial results released on Wednesday, SCK Company—which operates the Starbucks business in South Korea—posted an operating loss of 45.3 billion won for the July–September period, compared to an operating profit of 60 billion won in the same period last year. This marks the second consecutive quarterly loss for the business. The report attributes the operational pressure to the lingering fallout from a boycott triggered by a marketing campaign in May.
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