SEOUL, July 5 (Korea Bizwire) — McDonald’s Korea said Wednesday it will expand the number of its stores in South Korea to 500 by 2030 as it unveiled its new burger for this year. The South Korean unit of the U.S. fast-food giant will open eight new drive-thru stores this year, 10 more ordinary stores [...]
SEOUL, Nov. 4 (Korea Bizwire) — Hybe, the K-pop company behind BTS, on Thursday reported record-high quarterly operating profit and revenue for the third quarter, supported by the success of “Butter.” The company said in a regulatory filing that its operating profit for the July-September period was estimated at 65.6 billion won (US$55.7 million), up [...]
SEOUL, Sept. 14 (Korea Bizwire) — South Korean internet giant Kakao Corp. said Tuesday it has decided to form a 300 billion won (US$256.2 million) fund for small merchants and scrap some of its services that compete against them, in a move to appease growing scrutiny from regulators and politicians over its rapidly expanding online [...]
SEOUL, Aug. 12 (Korea Bizwire) — As Korean bands like BTS and BLACKPINK have created a sensation in the world’s popular music scene, K-pop is expanding its business horizons beyond its genre to a prolific environment for creating music, film and experiences for fans. Entertainment giant CJ ENM said this week that it will launch [...]
SEOUL, July 23 (Korea Bizwire) — Kakao Corp., which operates South Korea’s most popular mobile messenger Kakao Talk, is diversifying in a wide variety of industries. Recently, the tech giant has turned to chauffeur services, flower deliveries and even hair salons, driven largely by consumer demand. Kakao’s strategy is to enter the taxi and banking [...]