Companies
Burger chain Lotteria opens first outlet in Singapore
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Burger chain Lotteria, operated by Lotte Group affiliate Lotte GRS Co., has opened its first outlet in Singapore as part of its overseas expansion. The outlet is located at Jewel Changi Airport and is operated under a master franchise agreement with Singapore-based Katrina Group Ltd. It features K-burger products, including the kimchi bulgogi burger.
Dax-listed Deutsche Telekom is growing despite geopolitical tensions and weak economic conditions. CEO Timotheus Höttges plans to propose the company's highest-ever dividend at the April 1 shareholder meeting in Bonn. The US market drives growth, bolstered by a new AI data center in Munich.
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Compañía Sudamericana de Vapores (CSAV), part of Grupo Luksic, reported profits of US$213.1 million for 2025, down 45% from 2024. The decline stems mainly from lower results at its key investment Hapag-Lloyd, due to reduced freight rates and higher operating costs.
Starbucks Korea expects to open at least 100 new outlets this year as part of its steady expansion in Asia's fourth-largest economy. The Seattle-based chain entered South Korea in 1999 and now operates 2,115 stores nationwide as of end-2025, its third-largest market after the United States and China.
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Korea's three major sugar producers, CJ CheilJedang, Samyang, and TS, have been fined a combined 408.2 billion won ($282 million) for colluding to fix sugar prices. The Fair Trade Commission (FTC) stated that the companies conspired on eight occasions from February 2021 to April 2025. This occurred while consumers were suffering from the COVID-19 pandemic's fallout.
Japanese beverage giant Suntory's U.S. unit will pause whiskey production at its Jim Beam distillery in Kentucky for all of 2026 due to slumping demand and oversupply. The move follows U.S. trade tensions from President Donald Trump's tariffs. The company plans to invest in site improvements during the halt, while other operations continue.
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Nomura Holdings President Kentaro Okuda expressed enthusiasm in an interview with The Yomiuri Shimbun to increase individual clients through employee stock purchase associations at other companies. He plans to promote a hybrid service combining smartphone apps with face-to-face consulting, noting the rise in securities accounts opened via these associations, especially among those in their 50s and younger. Alongside expanding services for the wealthy, the firm aims to boost assets under custody by 60% to ¥37 trillion by fiscal 2030.
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