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☆ Samsung hints at new products as it bets on AI to drive upgrades to its latest foldable phones
▼ + stars: | 2024-07-26 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +6 min

Samsung unveiled a slew of new products including foldable smartphones, new smartwatches and the Galaxy Ring. "I believe strongly that these Galaxy AI, mobile AI are strong motivation and driver for purchase of new products," he added. Still, many analysts don't expect these early AI apps alone to drive new phones sales. So we're going to provide and enhance Samsung software and apps for consumers," Roh said. He said that the hardware components required for foldable smartphones are improving, as is the relevant software.

Persons: Roh, Arjun Kharpal, Bixby, we'll Organizations: Galaxy, Samsung, CNBC, Samsung Electronics, Galaxy AI, Apple Intelligence, Apple, Google, Korean Locations: Paris, France, U.S, China

☆ North Korea's economy is booming thanks to its arms trade with Russia
▼ + stars: | 2024-07-26 | by ( Filip De Mott | ) www.businessinsider.com time to read: +1 min

North Korea's GDP grew 3.1% in 2023, according to central bank estimates. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementNorth Korea's growing trade ties with Russia are paying off, helping end a three-year downturn, according to the South Korean central bank. The bank's annual report, cited by Bloomberg, found that North Korea's 2023 GDP grew 3.1% in real terms. Since North Korea does not offer official data, indicators tracked by its southern neighbor are relied on instead.

Persons: — Organizations: Bank, Service, Bloomberg, Business Locations: Korea, Russia, Ukraine, Korean, North Korea

☆ Nvidia supplier SK Hynix to build $6.8 billion chip plan in South Korea
▼ + stars: | 2024-07-26 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

SK Hynix logo displayed on a phone screen as seen in this illustration photo taken in Krakow, Poland on January 30, 2023. Memory chip giant SK Hynix on Friday said it plans to invest 9.4 trillion Korean won ($6.8 billion) to build a new semiconductor manufacturing plant in an emerging chip hub in South Korea. Earlier this year, SK Hynix committed 120 trillion won to build 4 fabs in the Yongin cluster. South Korea is also home to Samsung, the world's biggest memory chip maker. SK Hynix has been riding the AI wave and its partnership with Nvidia, this week reporting that second-quarter profit came in at its highest level in six years.

Persons: SK Hynix Organizations: SK Hynix, SK Hynix's, South Korea's SK Hynix, Nvidia, SK, Samsung Locations: Krakow, Poland, South, Seoul, South Korea

☆ US indicts North Korean hacker accused of helping extort US hospitals
▼ + stars: | 2024-07-25 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +2 min

CNN —The US Justice Department on Thursday announced the indictment of an alleged North Korean government-backed hacker for allegedly participating in a scheme to break into US hospital computer systems and extort them for ransom. The hacks of health care providers locked up medical records and disrupted health care services in the US, US officials said. Thwarting North Korean hacking and money laundering has become a national security priority for the Biden administration. CNN previously reported on how South Korean spies and American companies try to intercept cryptocurrency stolen by North Korean hackers. Another CNN investigation identified one cryptocurrency entrepreneur who said his firm had unwittingly sent a North Korean IT worker tens of thousands of dollars.

Persons: Biden Organizations: CNN, US Justice Department, North, Court, District of, The State Department, North Korean, State Department, United Nations, cyberattacks, White Locations: Korean, Rim, Florida and Kansas, Arkansas and Connecticut, Colorado, District of Kansas, Rim ., North Korean

☆ Nvidia supplier SK Hynix posts highest quarterly profit in 6 years on AI chip leadership
▼ + stars: | 2024-07-25 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +3 min

A man walks past a logo of SK Hynix at the lobby of the company's Bundang office in Seongnam on January 29, 2021. SK Hynix, one of the world's largest memory chipmakers, on Thursday said second-quarter profit hit its highest level in 6 years as it maintains its leadership in advanced memory chips critical for artificial intelligence computing. Here are SK Hynix's second-quarter results compared with LSEG SmartEstimate, which is weighted toward forecasts from analysts who are more consistently accurate:Revenue: 16.42 trillion Korean won (about $11.86 billion), vs. 16.4 trillion Korean won16.42 trillion Korean won (about $11.86 billion), vs. 16.4 trillion Korean won Operating profit: 5.47 trillion Korean won, vs. 5.4 trillion Korean wonOperating profit in the June quarter hit its highest level since the second quarter of 2018, rebounding from a loss of 2.88 trillion won in the same period a year ago. The South Korean giant supplies high-bandwidth memory chips catering to AI chipsets for companies like Nvidia. High-bandwidth memory chip supplies have been stretched thanks to explosive AI adoption fueled by large language models such as ChatGPT.

Persons: LSEG, SK Kim, Kim Organizations: SK Hynix, SK Hynix's, Nvidia, SK, Daiwa, Micron, Samsung Locations: Seongnam

☆ Europe's AI-powered Google Translate rival DeepL launches traditional Chinese language in Asia push
▼ + stars: | 2024-07-24 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Traditional Chinese is a written form of Chinese used in Taiwan and Hong Kong. Both locations are key business hubs for technology and finance — a factor that attracted DeepL to launch its latest language in those markets. DeepL, one of Europe's high-profile AI companies valued at $2 billion , sells translation software aimed at businesses rather than everyday consumers. German artificial intelligence translation startup DeepL on Wednesday launched traditional Chinese as a language option as it looks to expand its presence in Asia. With the launch of traditional Chinese, the firm is looking to help some of its international customers more effectively communicate with clients or employees in Taiwan or Hong Kong.

Persons: DeepL, Kutylowski, Mark Zuckerberg's Organizations: Wednesday, CNBC, Google, Microsoft, Ventures Locations: Taiwan, Hong Kong, Asia, The Cologne, Germany, Japan, Korea

☆ North Korea’s trash balloons fall near South’s presidential office
▼ + stars: | 2024-07-24 | by ( Yoonjung Seo | Brad Lendon | ) edition.cnn.com time to read: +4 min

The discovery at the presidential office Wednesday came after South Korean authorities warned the public to beware of falling objects as suspected North Korean trash balloons moved south toward the northern area of Gyeonggi province. “While monitoring trash balloons sent by North Korea in cooperation with the Joint Chiefs of Staff today, we identified trash that fell in the presidential office area in Yongsan,” the presidential security service said later in a statement. “North Korea’s actions clearly violate international law and seriously threaten the safety of our citizens,” JCS said in a statement after an earlier balloon incident. Despite repeated North Korean warnings, the South Korean activists were “not stopping this crude and dirty play” she said. The South Korean Defense Ministry said the US planes will join with South Korean F-15, F-16 and FA-50 fighters in exercises that will end August 8.

Persons: –, Kim Jong, Kim Yo Jong, ” Kim Yo Jong, “, Washington Organizations: South Korea CNN, South, North, Joint Chiefs of Staff, Korea’s, Chiefs of Staff, South Korean, North Korean, Korean Central News Agency, US Marine Corps, Suwon Air Base, South Korean Defense Ministry, US Defense Department, Marine Corps, ” Locations: Seoul, South Korea, South, Gyeonggi province, North Korea, Yongsan, Pyongyang, South Korean, North Korean, North Korea’s, United States, ” North Korea, North

☆ A US Air Force B-2 stealth bomber helped sink an old warship in the Pacific with new anti-ship QUICKSINK bombs
▼ + stars: | 2024-07-24 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewA US Air Force B-2 Spirit stealth bomber used a new anti-ship munition to sink a decommissioned warship during a series of recent live-fire drills with partner forces in the Pacific Ocean, the US Navy said this week. US Air Force photo / 1st Lt Lindsey Heflin"This capability is an answer to an urgent need to quickly neutralize maritime threats over massive expanses of ocean around the world at minimal costs," it added. Over the years, the various elements of the US armed forces have been pursuing more and more anti-ship capabilities. AdvertisementIn addition to B-2s dropping QUICKSINK bombs, a US Navy F/A-18F Super Hornet used a Long-Range Anti-Ship Missile, or LRASM, to help sink the Tarawa.

Persons: —, Lindsey Heflin, Royal Netherlands Navy De Zeven, Tromp, Cristian Schrik, John Wade Organizations: Service, Air Force, US Navy, Business, Defense, Research, Engineering, US Air Force, Air Force Research Laboratory, Navy, Ship, Fleet, Malaysian, Royal, Royal Netherlands Navy, US, Task Force Locations: Hawaii, Pacific, Dubuque, South, Royal Netherlands

☆ North Korean Trash Balloons Hit South Korean President’s Compound
▼ + stars: | 2024-07-24 | by ( Choe Sang-Hun | ) www.nytimes.com time to read: +1 min

Weeks into North Korea’s campaign of launching balloons loaded with trash across the world’s most heavily armed border, some of them hit a symbolically significant target in South Korea on Wednesday: the presidential office in the heart of Seoul, the capital. North Korea has released more than 3,000 of the trash balloons since May, many of which have reached the South after floating across the Demilitarized Zone between the two nations. On Wednesday, for the first time, some of them landed inside the sprawling compound in central Seoul that includes the office of President Yoon Suk Yeol. The authorities did not say exactly how many had reached the compound, one of the most tightly guarded places in South Korea. The team found “nothing dangerous or contaminating,” South Korea’s presidential security service said in a brief statement.

Persons: Yoon Suk Organizations: Officials Locations: South Korea, Seoul, North Korea

☆ Asia markets open lower as traders assess Aussie business activity data, U.S. tech earnings
▼ + stars: | 2024-07-24 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets fell on Wednesday as traders assessed July business activity data from Australia, tech earnings from the U.S. and awaited Japan PMI readings. Late Tuesday, automaker Toyota said it will buyback 806.85 billion yen ($5.17 billion) of its shares from major Japanese banks and insurers, including Tokio Marine , Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group . Heavyweight Samsung Electronics plunged 1.8%, even as Reuters reported that chip giant Nvidia had cleared its chips for use in a processor for the China market. The South Korean electronics company is still grappling with a strike from its largest workers union, with talks on Tuesday yielding no results, according to the National Samsung Electronics Union, which has about 30,000 members. Hong Kong Hang Seng index futures were at 17,474, just marginally higher than the HSI's last close of 17,469.36.

Persons: Topix, Australia's Organizations: Sydney Opera House, Japan PMI, Nikkei, PMI, Toyota, Tokio Marine, Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group, Samsung Electronics, Reuters, Nvidia, National Samsung Electronics Union, Juno Bank . Hong Locations: Asia, Pacific, Australia, U.S, Japan, China, Korean, Juno Bank . Hong Kong

☆ Tracking Typhoon Gaemi
▼ + stars: | 2024-07-23 | by ( ) www.nytimes.com time to read: 1 min

Tracking Typhoon GaemiGaemi was a typhoon in the Philippine Sea Wednesday afternoon Taiwan time, the Joint Typhoon Warning Center said in its latest advisory. The typhoon had sustained wind speeds of 138 miles per hour, which would make it a Category 4 hurricane if it were in the Atlantic Ocean. Typhoon season is year-round; however, most typhoons form from early July through mid-December. Most typhoons scrape or strike places like the Philippines, Japan and Taiwan; they can also hit the Korean Peninsula, China and Vietnam, bringing damaging winds and storm surges. Typhoons have also hit U.S. territories, causing billions of dollars in devastating damage to places like Guam, which was battered by Super Typhoon Mawar in May last year.

Persons: Gaemi Gaemi, Mawar Organizations: Taiwan, Typhoon, Super Locations: Philippine, Taiwan, Philippines, Japan, China, Vietnam, Guam

☆ South Korean court approves arrest warrant for Kakao founder
▼ + stars: | 2024-07-23 | by ( ) www.cnbc.com time to read: +1 min

A South Korean court approved early on Tuesday a prosecution request for a warrant to arrest Brian Kim, the billionaire founder of tech giant Kakao Corp, on accusations of stock manipulation during a 2023 acquisition. It is the latest legal twist for Kakao after the company and an executive went on trial last year for alleged wrongdoing during the same acquisition. Prosecutors say Kim was involved in manipulation of the stock price of SM Entertainment in February last year to hinder a competitor, Hybe, from acquiring the K-Pop agency. Not yet formally charged, Kim has denied the accusations, saying he has never ordered or tolerated any illegal activity, the company said in a statement. The high-profile tech entrepreneur is the largest shareholder of Kakao Corp, with a stake of 24% controlled by him or affiliated entities.

Persons: Brian Kim, Kim Organizations: Kakao Corp, Prosecutors, SM Entertainment

Delta SkyMiles Blue card overviewAmex issues seven Delta credit cards, and the only one that doesn't charge an annual fee is the Delta SkyMiles® Blue American Express Card. For instance, the Delta SkyMiles® Gold American Express Card is just a step up from the Delta SkyMiles® Blue American Express Card, with an annual fee of $0 intro for the first year, then $150. Delta SkyMiles Blue card benefits and featuresThe Delta SkyMiles® Blue American Express Card isn't packed with benefits like the other Delta cards — that's typical for a no-annual-fee card — but it does have a few perks that could prove handy and save you some money. No, the Delta SkyMiles® Blue American Express Card is the only Delta card that does not offer a free checked bag (or priority boarding) on Delta flights. For this reason, if you fly Delta even occasionally and check bags, a different Delta card, like the Delta SkyMiles® Gold American Express Card, is a better deal.

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☆ CNBC Daily Open: Wall Street looks past political uncertainty
▼ + stars: | 2024-07-23 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Tech reboundThe S&P 500 posted its biggest gain since June 5, recovering from its worst weekly slide since April, as tech stocks rebounded led by Nvidia. The move allows Warner Bros. to retain some of its NBA broadcasting rights. However, the NBA may not want Warner Bros. as a media rights partner and could reject the company's matching rights, which could lead to a legal tussle.

Persons: Russell, CrowdStrike, George Kurtz, Mark Green, Andrew Garbarino, Berkshire Hathaway, Walter Cho, Joe Biden's, Kamala Harris Organizations: CNBC, Tech, Nvidia, Nasdaq, Dow Jones Industrial, Homeland Security, Microsoft, Delta Air Lines, Buffett, Warren, Bank of America, Apple, Boeing, Korean Air, Farnborough, NBA, Warner Bros, Discovery, National Basketball Association, Amazon Prime, Trump Locations: U.S, Berkshire

☆ Founder of South Korea’s Kakao arrested for suspected stock manipulation
▼ + stars: | 2024-07-23 | by ( ) edition.cnn.com time to read: +2 min

Seoul, South Korea —The billionaire founder of South Korean tech giant Kakao Corp, Kim Beom-su was arrested on Tuesday on accusations of manipulating stocks during the acquisition of a K-Pop agency last year. The case is the latest legal twist for Kakao, which runs South Korea’s largest chat app, after the company and another executive went on trial last year for alleged wrongdoing during the same acquisition. Any case against him could jeopardize Kakao’s investments into artificial intelligence as well as its overseas expansion plans, industry experts said. The high-profile tech entrepreneur is the largest shareholder of Kakao Corp, with a 24% stake that he and affiliated entities control. Kakao Corp shares dropped 3.4% during morning trade to the lowest since November, after falling 24% year-to-date.

Persons: Kim Beom, su, Kim, Brian Kim, Jakub Porzycki Organizations: South, Kakao Corp, Prosecutors, SM Entertainment, Seoul Southern, Court, Detention, KakaoBank Corp Locations: Seoul, South Korea, South Korean, Korean, Kakao

☆ What the West's foes may be learning from the Ukraine war
▼ + stars: | 2024-07-23 | by ( Jake Epstein | ) www.businessinsider.com time to read: +8 min

AdvertisementShe explained that from a tactical perspective, Ukraine and Russia are learning much about each other, and in response, the cycles of adaptation and countermeasures are rapidly compressing. "Russia's allies and their partners are learning from them, and this is now a currency that Russia has to give to Iran, China, North Korea — that learning of our equipment." Iran and North Korea have collectively outfitted Russia with a bunch of lethal aid, including missiles, rockets, artillery shells, and drones. Photo by ANONYMOUS/Middle East Images/AFP via Getty ImagesChina's support for Russia as it wages war in Ukraine has been more discreet. Experts and officials have also said that North Korea is likely learning about how its weapons perform in actual combat conditions.

Persons: —, Dara Massicot, Massicot, Baiba Braže, Alina Smutko, Tehran's, Abrams, ALEXANDER NEMENOV, It's, Luke Coffey, Iran's Organizations: Service, NATO, Business, Carnegie Endowment, International, Latvia's, Mechanized Brigade, REUTERS, Getty, CNN, Russian, Army Tactical Missile, West, Ukraine —, Hudson Institute, North, General Staff, Ukrainian Armed Forces, Institute for, Ukraine Locations: Ukraine, Russia, Washington, Iran, China, North Korea, Moscow, Iranian, Kermanshah, Beijing, Tehran, Pyongyang, AFP, Israel, Korea, Ukrainian, X

☆ Farnborough Air Show kicks off with $51 billion in deals as Airbus shows off new ultra long-haul jet
▼ + stars: | 2024-07-23 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

An Airbus A321-XLR takes part in an air display on the opening day of the Farnborough International Airshow 2024, south west of London, on July 22, 2024. FARNBOROUGH, England – The Farnborough Air Show generated deals worth £39.3 billion ($50.8 billion) across its first day, the organizers of one of the biggest events in the aviation world calendar said, as Airbus showcased its new single-aisle long-haul jet. Korean Air signed for 40 wide-body jetliners from the U.S. plane-maker, while Japan Airlines placed a firm order for 10 of its 787-9 Dreamliners, with an option for 10 more. Budget Vietnamese carrier VietJet placed an order for 20 of Airbus's A330neo aircraft on Monday. Airbus meanwhile grabbed the attention of the thousands of trade delegates with an early afternoon display of the soon-to-launch A321XLR, set to be the world's longest-range single-aisle aircraft.

Organizations: Airbus, Farnborough Air, ADS, Boeing, Korean Air, Japan Airlines, Budget, Aer Lingus Locations: London, FARNBOROUGH, England, Farnborough, U.S, Iberia

☆ Korean Air orders at least 40 Boeing wide-body planes in a vote of confidence for the manufacturer
▼ + stars: | 2024-07-22 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

A Boeing 777X airplane takes off during its first test flight from the company's plant in Everett, Washington, January 25, 2020. FARNBOROUGH, England — Boeing won orders for at least 40 wide-body jetliners from Korean Air, including the yet-to-be-certified 777X jetliner, in a vote of confidence for the struggling manufacturer. The order, announced at the Farnborough Airshow outside of London, includes 20 777X planes, the largest in Boeing's commercial jet lineup, and 20 787-10 Dreamliner planes, both long-range jets. Korean Air CEO Walter Cho said he expected to start receiving the planes later this decade. "If I wasn't assured, I would not have ordered it," Cho said at a news conference of Korean Air's order.

Persons: Walter Cho, Cho, whoever's Organizations: Boeing 777X, England — Boeing, Korean Air, U.S . Federal Aviation Administration, Boeing, Delta Air Lines, Airbus Locations: Everett , Washington, FARNBOROUGH, England, Korean, Farnborough, London

The billionaire founder of South Korean technology giant Kakao, Kim Beom-Su, was arrested on Tuesday on allegations of stock manipulation related to the company’s investment in one of the country’s largest K-pop agencies. A high-profile bidding war broke out over the agency, SM Entertainment, early last year. Prosecutors allege, Kakao manipulated SM Entertainment’s stock price to hinder Hybe, the company behind BTS, from acquiring the agency, whose roster of artists includes Girls’ Generation. Last year, prosecutors indicted Kakao’s chief investment officer and the company itself on stock manipulation charges. The Seoul Southern District Court confirmed that Mr. Kim had been arrested on Tuesday morning.

Persons: Kim Beom, Kakao, Mr, Kim Organizations: SM Entertainment, Prosecutors, Seoul Southern, Court Locations: Korean, Hybe, Seoul

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How Delta SkyMiles worksThe Delta SkyMiles loyalty program helps Delta lovers earn rewards and elite status. How to Earn Delta SkyMilesThere are multiple ways to earn Delta SkyMiles. Flying with Delta and partner airlinesThe most obvious way to earn Delta SkyMiles is to fly on Delta. Delta SkyMiles® Reserve American Express Card Members with an eligible ticket will be added to the Complimentary Upgrade list, after Delta SkyMiles Medallion Members. Delta SkyMiles frequently asked questionsHow do I earn SkyMiles with Delta?

Persons: stow, Miles, Doesn't, MQD Headstart, There's, Read, Cardholders, cardholders, You'll, Delta, Delta SkyMiles, SkyMiles, it's, you've Organizations: Business, Delta, Air France, KLM, Read, Loyalists, SkyMiles, American Express, TSA, Delta SkyMiles, U.S, Card, Global, Delta SkyMiles ®, American, Delta Sky Clubs, ®, SkyMiles ®, Delta Sky Club, Delta Sky, U.S . Shipping, Advertising, Delta Gold American, TSA PreCheck, Delta loyalists, Express, Express Card, American Express Card, American Express Delta Gold, American Express Delta, SkyMiles Reserve, Delta Reserve, Delta American Express, Air, China Eastern, Korean, Delta Gold Card Locations: Delta, Atlanta , New York, Seattle, U.S, Caribbean, American, delta.com, SkyMiles, Air France, China, Air Tahiti Nui, Chevron

Introduction to Chase Ultimate Rewards®The Chase Ultimate Rewards® rewards program is frequently considered one of the top credit card point systems available today — and for good reason. Earning Chase Ultimate Rewards pointsThe only way to earn rewards in the Chase Ultimate Rewards ecosystem is to open and use a Chase card that operates within this program. Redeem points for experiences (point values vary)You can also use Chase Ultimate Rewards points to book special experiences, including one-of-a-kind events hosted by Chase. Chase Ultimate Rewards frequently asked questionsAre Chase Ultimate Rewards worth it? Chase Ultimate Rewards is a versatile and highly regarded rewards program offered by Chase Bank.

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☆ North Korea finally set to open a deserted beach town resort next door to a missile test site
▼ + stars: | 2024-07-21 | by ( Cameron Manley | ) www.businessinsider.com time to read: +1 min

North Korea's Wonsan-Kalma beach resort is set to open in May 2025. Kim Jong Un visited the beach earlier this week to finalize plans for the resort's completion. The resort is situated next to a missile test site. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA long-awaited North Korean beach resort is set to open in May 2025 as part of the country's plans to "boost tourism," North Korean state news agency KCNA reported.

Persons: Kim Jong Un, —, KCNA Organizations: Service, Business Locations: Korea's Wonsan, Korean, Wonsan

☆ Kim Si-woo: Perfection’: South Korean makes historic 238-yard ace on one of the Open’s most menacing holes
▼ + stars: | 2024-07-20 | by ( Jack Bantock | ) edition.cnn.com time to read: +2 min

CNN —It had been a relatively unremarkable Open Championship for Kim Si-woo as he stepped up to Royal Troon’s notorious penultimate tee on Saturday. One perfect thump of his three-iron later, the South Korean made history. That was more than Si-woo had managed before Saturday, having double bogeyed and bogeyed the 17th hole across his opening two rounds. Si-woo followed up his eagle with a closing par to card an even-par 71, keeping him at five-over overall for the week. That goes in and that makes it more special, especially at the major and The Open here.”

Persons: Kim Si, Royal Troon’s, ”, “ I’ve, ” Kim, Jack Gruber, Justin Ray, Frank Lickliter II’s, Nick Faldo cooed, Shane Lowry, teed, “, I’ve Organizations: CNN, Scottish, Royal Troon, USA, Sports, Reuters, Royal Lytham, St, Sky Sports

☆ Inside the world of South Korean convenience stores — the global king of one-stop shops
▼ + stars: | 2024-07-19 | by ( Jessie Yeung | ) edition.cnn.com time to read: +9 min

In large South Korean cities like Seoul, convenience stores are on every corner, sometimes with multiple outlets from competing companies dotting the same street. Heo Ran/ReutersThere are a few things that set South Korean convenience stores apart. A quick search on YouTube, TikTok or Instagram shows an endless supply of videos about Korean convenience stores. Indeed, Korean convenience store companies have grown so successful they are even expanding overseas. But when she next returns to South Korea, she will “definitely” still visit a convenience store and hit record, she said.

Persons: ”, Chang Woo, ” Chang, Heo Ran, Chang, – they’re, Jiny, “, Emart24 –, Maeng Organizations: South Korea CNN, Korea Convenience Store, South, Kwangwoon University, Deloitte Korea, McKinsey, Companies, Deloitte, YouTube Locations: Seoul, South Korea, Japan, Taiwan, “, United States, Korea, London, Australia, “ Korea, Sydney, Southeast Asia, Vietnam, Malaysia

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