Starbucks to exit S Korean venture valued at over $2b

Starbucks to exit S Korean venture valued at over $2b

Photo by Jakub Kapusnak on Unsplash

Starbucks Corp is exiting its joint venture in South Korea, the U.S. coffee giant’s fifth-largest market, selling a part of its stake to local partner E-Mart Inc and the rest to Singapore’s sovereign wealth fund, GIC.