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https://m.yna.co.kr/view/AKR20240702094351084
Filipino food company Jollibee Foods announced on the 2nd (local time) that it would acquire a 70% stake in South Korean low-price coffee franchise Compose Coffee for $238 million (about 330 billion won), Reuters reported.
Jollibee Foods is a large food company listed on the Philippine Stock Exchange, and as of that day, its market capitalization was reported to be 252.4 billion Philippine pesos (approximately 5.96 trillion won).
It's not Korean anymore🥲
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