Starbucks Korea commits to helping small cafes

Mar 31, 2022 23:19 pm UTC| Economy Business

Starbucks Korea signed an agreement with the National Commission for Corporate Partnership and the National Cafe Owners Association to develop drinks using local agricultural produce before sharing these recipes and...

IKEA UK shutting its Tottenham store, 450 staff may lose jobs

Mar 31, 2022 09:49 am UTC| Business Economy

IKEA UK reveals it is planning to close down its Tottenham store located in the north of London this year. The Swedish furniture company announced its plan on Wednesday, March 30. IKEA UK said that this move is part of...

Audi Volkswagen Korea changes name to Volkswagen Group Korea, to launch 22 new models

Mar 31, 2022 09:29 am UTC| Business Economy

Audi Volkswagen announced this week that it has made changes in the company. In particular, the company is now called the Volkswagen Group Korea, and this name change is said to be in line with the German automakers New...

Citi sells its Indian consumer business to Axis Bank for $1.6B

Mar 31, 2022 09:03 am UTC| Business Economy

Citigroup is dissolving its consumer banking business unit in India, and Axis Bank is buying it for $1.6 billion. The deal is said to be the biggest so far as the company works on boosting its credit card...

Nongshim launches Petit Paris bakery snack brand

Mar 31, 2022 08:55 am UTC| Business Economy

Nongshim, a leading South Korean food, and beverage company headquartered in Seoul, unveiled its new product this week. The company that is more popular for its Shin Ramyun instant noodle brand has entered the bakery snack...

South Korea’s KT debuts AI quarantine robots to fight virus disinfection

Mar 31, 2022 08:41 am UTC| Business Economy

KT, a South Korean company, launches another innovative robot designed for hotels and restaurants. This time it is announcing the arrival of its new AI Quarantine robot to help fight virus infections. KT said that the...

KFC Spain's successful marketing campaign cleverly used the country's Saharan desert dust storm

Mar 31, 2022 08:36 am UTC| Business Economy

KFC Spain has come up with a creative way to promote its brand, and the campaign has been a big hit. The fried chicken fast-food chain used the Saharan desert storm dust that has affected the country in its latest...