News Snapshot:
[Starbucks to exit Korea venture valued at over $2 billion] Starbucks Corp (SBUX.O) is exiting its $2 billion worth joint venture in South Korea by selling stakes to local partner E-Mart Inc (139480.KS) and Singapore sovereign wealth fund GIC, as it looks to invest more in fast-growing international markets. E-Mart, one of the largest retailers in South Korea with over 160 stores and the owner of half of the JV, will buy an additional 17.5 percent stake in Starbucks Coffee Korea for $411 million, it said in a filing on Tuesday. It will continue to operate the Starbucks stores. GIC...
