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Starbucks Korea Faces Sales Hit after Backlash, Plans Nationwide Staff Training, Says Reuters

Starbucks Corporation (NASDAQ:SBUX) is included among the Dividend Stock Portfolio: Top 10 Stocks to Buy According to Reddit.

On June 15, Reuters reported that Starbucks Corporation (NASDAQ:SBUX) Korea will close all of its stores across the country at 3 p.m. on June 22. This step is taken to conduct staff training focused on historical awareness and social sensitivity. The announcement was made by operator Shinsegae Group on Monday following public backlash over a recent marketing campaign.

The company faced widespread criticism after a campaign launched last month was seen as evoking the 1980 military crackdown on pro-democracy protesters. According to the company, the controversy led to a “very significant” decline in sales.

As part of the training, a history professor from Sungkyunkwan University will deliver a lecture on historical awareness. The session will cover major events in South Korea’s modern and contemporary history since the 1950s and examine how those events should be understood.

The company said this will be the first time Starbucks Korea has implemented a nationwide early closure since opening in the country in 1999. Starbucks Korea also plans to strengthen its marketing review process. Shinsegae said the company will introduce a social-sensitivity checklist that covers areas such as history, commemorative dates, politics, disasters, military issues, gender, violence, and hate expressions.

According to Starbucks Korea’s annual impact report, the company operated more than 2,000 stores in the country at the end of 2024. Data firm WISEAPP identified it as South Korea’s leading coffee chain based on customer payments.

Starbucks Corporation (NASDAQ:SBUX) is a global roaster, marketer, and retailer of specialty coffee. Its North America segment includes operations in the United States and Canada. Its International segment covers China, Japan, Asia Pacific, Europe, the Middle East and Africa, Latin America, and the Caribbean.

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READ NEXT: 12 Stocks From Companies Generating High Cash Flow and 12 Stocks with Highest Dividend to Invest In Now

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The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

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This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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Wall Street calls this $3 stock a “Melting Ice Cube.” They said the same thing about BTI before it returned 90%.

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

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