The deal grants an exclusive brand licence to a local investor group as foreign brands face rising domestic competition.
Business
Korea-listed firms’ total value surges 86% to US$5 trillion, led by Samsung Electronics and SK Hynix’s US$1 trillion milestone.
Markets are betting the US central bank’s next move will be to raise its benchmark interest rate.

Apad defends enforcement that pushed operator out of KL
Land Public Transport Agency says operators who choose not to use approved locations do so based on commercial considerations rather than a lack of options.
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