Kakao Entertainment wins $963M investment from Saudi Arabia
Jan 16, 2023 09:23 am UTC| Business Economy
Kakao Entertainment gains new investment fund as Saudi Arabia is betting big on the Hallyu Wave. It has earned KRW1.2 trillion or about $963 million in state funds as the kingdom decided to double down on its venture into...
Subway contemplates sandwich chain sale
Jan 16, 2023 09:22 am UTC| Business Economy
Subway sandwich chain is reportedly looking to sell its business. It was reported that the company could be worth $10 billion, and since it is a known brand in many parts of the world, business experts believe it could...
Coca-Cola Korea announces the appointment of new CEO
Jan 16, 2023 06:32 am UTC| Business Economy
Coca-Cola Korea Company said on Thursday, Jan. 12, that it has appointed its new chief executive officer. The beverage company named Jung Ki Sung as its CEO. As per The Korea Herald, Jung was promoted to lead Coca-Cola...
유니클로, 영업이익 2% 줄었다..."중국·일본 판매 부진 때문"
Jan 16, 2023 05:20 am UTC| Economy
원본 기사: Uniqlo says profit slip due to weak Japan, China sales 일본 의류 브랜드 유니클로(Uniqlo) 운영사 패스트 리테일링(Fast Retailing Co.)이 자국 및 중국 내 판매 부진으로 영업이익이 감소했다. 12일(현지시간)...
PepsiCo's Starry to take on Coca-Cola's Sprite
Jan 15, 2023 23:23 pm UTC| Economy Business Life
PepsiCo has replaced Sierra Mist with the new lemon-lime flavored Starry, which it described as a crisp, clear, refreshing new caffeine-free soda made for a generation of irreverent optimists. According to Greg Lyons,...
DAZN delays IPO as losses reach $1.35 billion
Jan 14, 2023 23:34 pm UTC| Sports Economy Business
DAZN is suspending initial public offering (IPO) plans due to $1.35 billion in losses caused by soaring broadcast rights costs The global sports streaming service had been eyeing a floatation following a restructuring...
Hong Kong investment firm PAG eyes S. Korean burger chain Mom’s Touch
Jan 14, 2023 23:34 pm UTC| Economy Business Life
Hong Kong investment company Pacific Alliance Group (PAG) is bidding for a 100 percent share of South Korean burger chain Moms Touch Co. In July, Moms Touchs owner, private equity group KL Partners, recruited Bank of...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects