Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
Australia’s December Trade Surplus Expands but Falls Short of Expectations 
Anthropic Eyes $350 Billion Valuation as AI Funding and Share Sale Accelerate 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
KH Gangwon Development signed an agreement with Gangwong Province to acquire the Alpensia Resort in PyeongChang, which served as the main location for the 2018 Winter Olympics, for 710 billion won.
The deal is scheduled to be finalized by Aug. 23, after due diligence.
Alpensia Resort's facilities include a ski resort, water park, golf club, and hotel, which were used as outdoor sports venues, media centers, and offices of the International Olympic Committee during the games.
KH Gangwon Development, a special purpose company of KH Group, has prepared to acquire the resort over the last year.
Han Woo-geun, CEO of KH Gangwon Development, said the company would enhance the property to make it the country’s top resort. He noted that it is located in a cleaner region and is 700 meters above sea level, making it excellent for the circadian rhythm.
Among the company's plans is to build another golf course, to bring the resort's total to three.
It would also add an outdoor swimming pool and ice rink, develop some 383,000 square meters of idle land, and purchase an additional 1.3 million square meters for a shopping mall, theme park, and village.
KH Group, the owner of electronics parts maker KH Freelux, has about 2 trillion won in assets. It bought Grand Hyatt Seoul in 2019.
Gangwon Province, which has 772.8 billion won in debt, has tried to sell the resort numerous times to improve its financial soundness.
