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China has overtaken the United States as the country with the most coffee shops in the world, according to a new report.

Lee, a 19-year-old high school student based in Suwon, Gyeonggi Province, said high-caffeine beverages, such as coffee and energy drinks, are a necessity to aid her in her studies, as she has had a hectic academic schedule ahead of the College Scholastic Aptitude Test (CSAT) slated for November this year.

Hot competition among premium coffee chains is forecast as Tim Hortons prepares to open its first store in Seoul and Peet's Coffee registered its trademark rights here in May, industry officials said Wednesday. A Canadian multinational coffeehouse chain, Tim Hortons is currently hiring manager-level employees to take charge of developing directly-managed stores in Korea.

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Burger King's local franchisees have staged a protest against company headquarters by refusing its price discount promotional event which was launched without consent between May 8 and 21. Among 120 affiliated stores in the country, only 39 followed the Burger King policy.