U.S. Lawmakers Raise Alarm Over Trump Approval of Nvidia AI Chip Sales to China 
Chevron Set to Expand Venezuela Operations as U.S. Signals Shift on Oil Sanctions 
Google Seeks Delay on Data-Sharing Order as It Appeals Landmark Antitrust Ruling 
Toyota Industries Buyout Faces Resistance as Elliott Rejects Higher Offer 
Sanofi Gains China Approval for Myqorzo and Redemplo, Strengthening Rare Disease Portfolio 
China Halts Shipments of Nvidia H200 AI Chips, Forcing Suppliers to Pause Production 
TSMC Shares Hit Record High as AI Chip Demand Fuels Strong Q4 Earnings 
China’s AI Models Narrow the Gap With the West, Says Google DeepMind CEO 
White House Pressures PJM to Act as Data Center Energy Demand Threatens Grid Reliability 
One Percent Rule Checklist For Safer Forex Trading Risk 
California Attorney General Orders xAI to Halt Illegal Grok Deepfake Imagery 
Boeing Reaches Tentative Labor Deal With SPEEA Workers After Spirit AeroSystems Acquisition 
TikTok Expands AI Age-Detection Technology Across Europe Amid Rising Regulatory Pressure 
Boeing Reaches Tentative Settlement With Canadian Victim’s Family in 737 MAX Crash Lawsuits 
Jamie Dimon Signals Possible Five More Years as JPMorgan CEO Amid Ongoing Succession Speculation 
Taiwan Issues Arrest Warrant for OnePlus CEO Over Alleged Illegal Recruitment Activities 
Woowa Brothers reported 2020 sales of 1.1 trillion won, up 94.4 percent from the previous year, driven by a sharp increase in online orders amid the pandemic.
However, Woowa Brothers, the operator of South Korea’s top food delivery app Baedal Minjok or Baemin, posted an operating loss of 11.2 billion won due to higher marketing and promotional costs. The shortfall was narrowed by 69.2 percent from 2019.
Baemin is South Korea’s largest food delivery service firm with a 63.2 percent market share, trailed by Yogiyo at 29 percent and Coupang Eats at 6.3 percent. Industry watchers expect competition among food delivery services to heat up this year.
According to the Korea Fair Trade Commission, the domestic food delivery market reached 23 trillion won in 2020, up 53 percent from 15 trillion won two years earlier.
Woowa recently announced a collaboration with Hyundai Motor Co. to develop delivery robots that could travel through various building structures and be equipped with a payment service.
The company aims to enter the Southeast Asian market this year. It is in the process of selling a controlling stake in Baemin to Germany’s Delivery Hero SE.
Woowa founder and Chief Executive Kim Bong-jin launched the Baemin service in 2010 with 30 million won in capital.
