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Business deals

Starbucks to exit South Korea venture valued at over $2bn

US company to focus on China

A Starbucks logo is seen at a Starbucks coffee shop in Seoul, South Korea.   © Reuters

SEOUL (Reuters) -- Starbucks is exiting its $2 billion worth joint venture in South Korea by selling stakes to local partner E-Mart and Singapore sovereign wealth fund GIC, as it looks to invest more in fast-growing international markets.

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