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Fair Trade Commission

South Korean tycoon Chey Tae-won ordered to pay estranged wife US$1 billion after divorce battle

by Walter Watson
South Korean tycoon Chey Tae-won ordered to pay estranged wife US billion after divorce battle

A South Korean court ruled on Thursday that SK Group Chairman Chey Tae-won must pay 1.38 trillion won (US$1 billion) in property division in a divorce case against his estranged …

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Alibaba said to invest in women’s clothing app operator Ably to tap into South Korea’s booming online fashion market

by Anas Siddiqui
Alibaba said to invest in women’s clothing app operator Ably to tap into South Korea’s booming online fashion market

AliExpress, the international online retail platform of Alibaba, has been in talks to invest US$72.4 million to acquire a 5 per cent stake in Ably Corp, operator of South Korea’s …

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