Starbucks in South Korea sees 'very significant drop in sales' amid controversy

calendar_today May 26, 2026 schedule 09:34 visibility 21 views

Source: France 24

Retail tycoon Chung Yong-jin, chairman of the Shinsegae Group which owns Starbucks Korea, issued a second apology in two weeks on Tuesday as the public outcry over the coffee chain's "Tank Day" marketing campaign fails to subside. The group is seeing a drop in sales over the campaign that appeared to reference a deadly crackdown on pro-democracy protesters in 1980. Also in this edition: Ferrari unveils its first fully electric supercar, "Luce".

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