South Korea’s Ten Percent Coffee sells stake to fund expansion drive

The affordable specialty coffee chain has received a major financial boost from two investment firms as it seeks growth both at home and abroad

Busan-based Ten Percent Coffee has received a multi-million Won investment to fund outlet growth as it seeks to wrestle market share from affordable rivals in South Korea’s increasingly competitive branded coffee shop market.

The low-cost operator has also revealed it is planning to open its first international stores.