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Analysis: Why Mongolia is an emerging growth market for South Korean coffee chains

Seoul-based Coffee Bay is the latest South Korean branded coffee chain to launch in Mongolia, seeking to tap into the country’s growing obsession in K-culture and establish a base for further regional expansion

Highrise buildings in Ulaanbaatar, Mongolia | Photo credit: Uudam Mendsaikhan

Seoul-based Coffee Bay is the latest South Korean branded coffee chain to launch in Mongolia, seeking to tap into the country’s growing obsession with K-culture and establish a base for further regional expansion

It may have the smallest population in East Asia at just 3.5 million, but Mongolia has become an attractive market for branded coffee chains from one of the wider region’s hottest coffee shop scenes – South Korea.

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