Uber Eats to pull out of South Korea amid tough competition

SOUTH KOREA – Uber Eats will be terminating its restaurant delivery business service in South Korea and exiting the market. The move comes as the food delivery platform continues to face intense competition in the […]

Kenya Partners South Korea on agricultural project to boost productivity

KENYA – The government of Kenya has partnered with South Korea on an agricultural mechanisation project that seeks to increase productivity. The governments will work jointly under the Korea Africa Food and Agricultural Corporation Initiative […]

South Korea injects US$8m into Ghana’s rice sector to improve production

GHANA- The Government of South Korea will be injecting US$8 million in Ghana’s rice sector to improve production and activities along the value chains over the next four years. The two governments have also signed […]

BigBasket secures US$150m funding led by South Korea’s Mirae

INDIA – India’s leading grocery retailer, BigBasket has raised US$150 million in funding led by South Korea’s Mirae Asset Management to expand its online platform. According to ET Retail report, the latest round which was […]

South Korea’s CJ CheilJedang buys U.S. frozen foods firm Schwan for US$1.84b

USA – South Korean food ingredients and pharmaceuticals company CJ Cheil Jedang has bought Minnesota based privately owned food company Schwan Co. for $1.84 billion. CJ CheilJedang has acquired 80% of Schwan’s, representing CJ Group’s […]