Biren Technology Targets Hong Kong IPO to Raise $300 Million Amid China’s AI Chip Push 
RBA Unlikely to Cut Interest Rates in 2026 as Inflation Pressures Persist, Says Westpac 
Amazon in Talks to Invest $10 Billion in OpenAI as AI Firm Eyes $1 Trillion IPO Valuation 
Yen Near Lows as Markets Await Bank of Japan Rate Decision, Euro Slips After ECB Signals Caution 
OpenAI Explores Massive Funding Round at $750 Billion Valuation 
noyb Files GDPR Complaints Against TikTok, Grindr, and AppsFlyer Over Alleged Illegal Data Tracking. 
Trump Administration Reviews Nvidia H200 Chip Sales to China, Marking Major Shift in U.S. AI Export Policy 
Volaris and Viva Agree to Merge, Creating Mexico’s Largest Low-Cost Airline Group 
Japan Exports to U.S. Rebound in November as Tariff Impact Eases, Boosting BOJ Rate Hike Expectations 
Asian Currencies Slip as Dollar Strengthens; Indian Rupee Rebounds on Intervention Hopes 
Oil Prices Rebound as Trump Orders Blockade of Sanctioned Venezuelan Tankers 
Chinese Robotaxi Stocks Rally as Tesla Boosts Autonomous Driving Optimism 
FDA Says No Black Box Warning Planned for COVID-19 Vaccines Despite Safety Debate 
ANZ New CEO Forgoes Bonus After Shareholders Reject Executive Pay Report 
Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey 
Gold and Silver Surge as Safe Haven Demand Rises on U.S. Economic Uncertainty 
Elliott Management Takes $1 Billion Stake in Lululemon, Pushes for Leadership Change 
Emart24 has arrived in Singapore and opened its first-ever store there on Dec. 23. It was reported that the branch was launched in Jurong Point, which is a major shopping mall in the country.
Emart24 is owned by South Korea’s Shinsegae Group, so it will be selling mostly K-food. The convenience store chain has already opened its second outlet in the country, and it is located in Nex Mall, another major shopping mall in the northeastern part of Singapore.
According to Pulse News, in bringing the brand to this Asian region, it has teamed up with Emart24 Singapore Pte., a business that is backed by the Fei Siong Group, which manufactures food and beverage in the country.
Other investors also provided support in the opening of the two stores. Emart24 Singapore Pte. will be operating these stores through a master franchise deal.
By next year, the local partner is aiming to open eight more stores and then further increase the number in the next five years to reach 300 locations. It was mentioned that in neighboring Malaysia, EMart24’s first store was inaugurated in June 2021 in Kuala Lumpur. Singapore is the second nation to have the brand outside of Korea.
This was a joint venture with Malaysia’s United Frontier Holdings Sdn. Currently, the Korean convenience store chain has more than 20 outlets here.
Meanwhile, Yonhap News Agency reported that Emart24 is the very first Korean store chain to operate in Singapore. This move to open in the region is actually part of the company’s plan to fulfill its goal of wider expansion overseas.
Customers can expect to find a number of popular Korean food in the Emart24 stores. People can buy tteokbokki, instant meals, gimbap, lunch boxes, sandwiches, various rice cakes, and more. The store in SG was modelled as a restaurant or café to offer delicious snacks and instant meals.
Photo by: Kth696586/Flickr (CC BY-SA 4.0)
