Oil Prices Rebound as Strait of Hormuz Tensions Return After Ship Attack Near Oman 
OpenAI IPO Delay Weighs on SoftBank Shares as AI Valuation Concerns Grow 
S&P Affirms Brazil’s BB Credit Rating with Stable Outlook Amid Fiscal Challenges 
Anthropic AI Model Uncovers Vulnerabilities in Classified U.S. Government Systems During Security Test 
Italy Investigates Microsoft Over Microsoft 365 AI Subscription Price Hike 
Pelosi Discloses Major Intel and Uber Call Option Purchases Worth Up to $6 Million 
Samsung, SK Hynix to Unveil Record AI and Semiconductor Investment Plans Worth Over $646 Billion 
Trip.com Shares Tumble After Q1 Profit Drops and Weak Revenue Growth Outlook 
Gold Price Ends Lower for Fourth Week Despite Rebound as Fed Rate Hike Bets Strengthen 
Trump Requests $11 Billion More in Farm Aid as Rising Costs Pressure U.S. Farmers 
Samsung and SK Hynix Shares Jump After Micron Earnings Boost AI Chip Optimism 
Doncasters Raises $919 Million in NYSE IPO as Aerospace Growth Accelerates 
White House Seeks $87.6 Billion Emergency Funding for Iran War, Farmers, and Ebola Response 
Oil Prices Drop as Strait of Hormuz Shipping Recovers 
World Bank Approves $1.1 Billion Emergency Funding for Bangladesh Amid Food and Energy Price Pressures 
South Korea’s KOSPI Plunges as Apple Price Hikes and OpenAI IPO Delay Shake AI Chip Stocks 
OpenAI May Delay IPO to 2027 Amid $1 Trillion Valuation Goal 
Michael Jordan’s Steakhouse is opening its doors to customers in South Korea soon. The restaurant’s launch in the country was made possible via the collaboration of the US-based Cornerstone Restaurant Group and Mohegan Inspire.
The companies extend their partnership via the global expansion of four restaurant concepts as part of Mohefan Inspire’s business in South Korea. They will be introducing four food and beverage brands that include Michael Jordan’s Steakhouse.
The Korea Economic Daily reported that the other restaurant to arrive in the country is the MJ23 Sports Bar and Grill. As the mentioned restaurants’ names imply, they are dining places built in cooperation with the famous National Basketball Association (NBA) star, Michael Jordan. In any case, the two other concepts are new and original - and these are the Hi-Fi Chicken & Beer and Brasserie 1783.
This will be the first time that Michael Jordan’s Steakhouse and MJ23 Sports Bar and Grill are opening stores outside of the United States. All the restaurants are set to be inaugurated inside the Mohegan Inspire resorts. In Korea, this is located in the International Business District (IBC) which sits close to the Terminal 2 of Incheon International Airport.
Currently, the Phase 1A of the Mohegan Inspire resort is expected to be completed within the fourth quarter of 2023. The overall completion rate by this time is said to be about 83% and it will feature three 5-star hotels with a combined 1,275 guestrooms, an indoor water dome, an arena with 15,000 seating capacity, a convention facility, and more.
"Mohegan has enjoyed such a remarkable and productive relationship with Cornerstone Restaurant Group and we're so thrilled about this new venture we're working on for Mohegan INSPIRE," Mohegan’s president and chief executive officer, Ray Pineault, said in a press release. "Michael Jordan's Steak House and the MJ23 Sports Bar & Grill are two of our most popular restaurants at our flagship property, Mohegan Sun, in Connecticut, and to bring these two concepts to South Korea, along with brand-new concepts as well, is very exciting."
Joshua Zadikoff, president of Cornerstone, added, “This is a project a long time in the making and it's something we're so proud to be part of and we have always had plans to make our concepts international.”
Photo by: Mohegan Press Release
