Starbucks Korea Changes Corporate Name to 'SCK Company'

[Image source=Yonhap News]

[Asia Economy Reporter Lee Seon-ae] Starbucks Korea has changed its corporate name to 'SCK Company' (SCK Company).

According to SCK Company on the 31st, the corporate name change is a follow-up measure due to recent changes in shareholder composition. The 'Starbucks' brand, store logo, and operating methods will remain unchanged.

Earlier in July, Emart acquired an additional 17.5% stake in Starbucks Coffee Korea from the U.S. Starbucks headquarters.

As a result, Emart now holds a total of 67.5%, including its existing 50% stake, and Starbucks Coffee Korea has become a consolidated subsidiary of Emart.

The remaining 32.5% stake was acquired by the Singapore sovereign wealth fund, the Government of Singapore Investment Corporation (GIC).

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