South Korea’s competition authority announced on Monday its intention to initiate a comprehensive examination of the e-commerce industry. The objective is to scrutinise the market landscape and address competition concerns amidst the escalating number of online shoppers, ensuring equitable business practices.

Our investment in Rocco Forte Hotels demonstrates PIF’s confidence in the commercial opportunity and strength of the international hospitality and tourism industries, which have exhibited remarkable resilience in recent years,” stated Turqi Al Nowaiser, deputy governor and head of the International Investments Division at PIF.