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South Korean retail operators Lotte and Shinsegae are competing to buy the 21-year-old local subsidiary of Japanese convenience-store operator Ministop. Shinsegae and Lotte respectively own rival chains Emart24 and 7-Eleven and are both reportedly seeking to…
South Korea’ finance ministry said on Thursday it is concerned about further risks to the economy from “domestic issues”, as parliament prepares to hold an impeachment vote on South Korean President Park Geun-hye. The ministry did not explicitly point to the…
Alibaba Group lost about a third of its value in the last year mainly because it is “deemed as a China proxy due to its size and high profile,” according to Nomura Securities in a new China Internet anchor report. But Alibaba is by no means Bank of China.…
