Today, Starbucks celebrated the opening of its second Community Store in South Korea. Located in the Seongsudong neighborhood of Seoul, the new store will serve as a hub for young people and prospective startups to share information about networking and starting their own businesses. Nearby a major metro station, the lively neighborhood surrounding the store is home to many startup and social venture companies, which focus on creating positive impact through their businesses.
Through the new Starbucks Youth Startup Entrepreneurship Program, funded by a portion of sales from the store, Starbucks will host an ongoing series of startup workshops for young people at the Community Store and leverage other stores across the market as satellite hubs to offer the program to youth across South Korea. The expansive community space within the store features movable walls and furniture to fit any occasion, as well as traditional café seating for customers to enjoy.
The new community store highlights Starbucks Korea’s commitment to creating opportunities for young people, in partnership with South Korea’s Ministry of SMEs and Startups. For every item purchased at the store, KRW 300 (about 25 cents) will be donated to a partnering non-profit to fund the Starbucks Youth Startup Entrepreneurship Program.