Constellation Brands Invests in Disruptive Rosé Brand Geared Toward Multicultural Consumers in La Fête Du Rosé

Investment marks first as part of Constellation’s Focus on Minority Founders initiative and commitment to invest $100 million in Black/minority-owned businesses by 2030 La Fête du Rosé Founder Donae Burston Created a Brand to Serve Millennial and Gen Z, Focused on Shared Values, Taste, and Experiences VICTOR, N.Y., May 13, 2021 (GLOBE NEWSWIRE) — Constellation […]

Seoul’s intelligence chief meets Japan’s PM and delivers Moon’s message for relations

SEOUL– South Korea’s intelligence chief has met Japanese Prime Minister Yoshihide Suga and delivered President Moon Jae-in’s verbal message expressing hope to improve bilateral relations strained over a string of…

SK hynix looking to double its foundry capacity with possible M&A deals

SEOUL– SK hynix Inc., South Korea’s second-largest chipmaker, said Thursday it is considering doubling its foundry capacity with options, including domestic facility expansion and merger and acquisition deals. Park Jung-ho,…

U.S. intel chief Haines visits DMZ amid policy coordination efforts on N. Korea

SEOUL– U.S. Director of National Intelligence Avril Haines visited the Demilitarized Zone (DMZ) separating the two Koreas on Thursday to take a first-hand look at the heavily fortified border, as…

Budget carrier Eastar picks preliminary preferred investor: sources

SEOUL– Eastar Jet has selected a preliminary preferred investor to acquire the financially troubled budget carrier ahead of an open auction next week, people familiar with the matter said Thursday.…

New women’s pro volleyball team finds home in Gwangju

GWANGJU– A new women’s professional volleyball team has found its home in the southern metropolitan city of Gwangju. Gwangju and the new V-League team, to be run by Pepper Savings…

Seoul stocks down for 3rd day over inflation concerns

SEOUL– South Korean stocks retreated for a third straight session Thursday, as concerns about earlier-than-expected post-pandemic inflation sapped investor sentiment. The Korean won fell against the U.S. dollar. The benchmark…

S. Korea to emerge as No. 1 chip powerhouse with 510 tln-won investment by 2030

SEOUL– South Korea said Thursday it plans to provide massive tax incentives and state subsidies to chipmakers to encourage them to spend a combined 510 trillion won (US$453 billion) by…

Jeju fishermen sue Tokyo for damages over Fukushima water

JEJU, South Korea– Two fisheries associations here sued the Japanese government at a local court on Thursday, demanding compensation for the planned release of contaminated water from the Fukushima nuclear…

Starbucks Korea enjoys 78 pct rise in Q1 earnings despite pandemic

SEOUL– Starbucks Korea on Thursday reported a 78 percent on-year jump in its first-quarter net profit, citing strong demand amid the coronavirus pandemic. The company’s net profit reached 33.6 billion…