BUSINESSFRANCE 24
Starbucks in South Korea sees 'very significant drop in sales' amid controversy
Starbucks Korea, owned by Shinsegae Group, experienced a significant sales decline due to backlash over its 'Tank Day' marketing campaign, which referenced the 1980 pro-democracy crackdown. Chairman Chung Yong-jin issued a second apology amid ongoing public outrage. Ferrari also announced its first fully electric supercar, 'Luce'.
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