secures

————————————————

Genesis Scottish Open final round

-17 T Kim (Kor); -15 MW Lee (Aus); -13 R MacIntyre (Sco), M Fitzpatrick (Eng), J Keefer (US), K Nakajima (Jpn); -12 M Thorbjornsen (US), R McIlroy (NI); -11 SW Kim (Kor), V Perez (Fra)

Selected others: -9 T Fleetwood (Eng), V Hovland (Nor); -4 J Rahm (Spa), -2 J Thomas (US)

————————————————

Tom Kim’s drought is over. The South Korean shed tears of joy and relief after excelling on a compelling final day at the Genesis Scottish Open to claim his first title in three years.

Kim has endured a form and confidence crisis since his previous victory – as well as plummeting down the world rankings – but served a reminder of his talents with a faultless 64 to finish 17 under at the Renaissance Club.

The 24-year-old has sought counsel from Tiger Woods during the dark times and revealed the 15-time major winner was among the first to congratulate him on this long-awaited victory.

He triumphed by two shots, with Min Woo Lee the runner-up as crowd favourite Bob MacIntyre faltered in pursuit of a second home title, ending four adrift alongside Matt Fitzpatrick.

MacIntyre, Lee and Fitzpatrick had shared the lead after the fog-disrupted third round, but it was Kim who surged from one back for a brilliant win. He was the only player in the field to avoid a bogey in the fourth round.

“I can’t really wrap my mind over it,” said an emotional Kim of his win. “It’s really special and I’m just at a loss for words.

“Obviously I’ve had a tough couple years. I got to taste a lot of that humble pie and I got to really learn about myself and I’m still trying to grow, still trying to learn.

“I’m definitely appreciating this more now than I did a couple years ago, which is really cool. I thought about my family, all the people around my corner that have suffered with me and also celebrated with me and kind of remembering all those people really brought tears to my eyes.

“Obviously on TGL being on Tiger’s team, I’ve been able to ask him questions on certain things. He’s been really helpful a lot of the time. This was my first win in three years, and the first person that texted me was Tiger Woods. Shows you the person he is and how much he cares.”

As well as a winner’s prize of £1.2m, Kim secures a place in next year’s Masters at Augusta National.

Rory McIlroy’s third-round 73 left the world number two with too big a deficit to overcome despite matching Kim’s closing six-under 64, the lowest score of the day.

Americans Michael Thorbjornsen and Johny Keefer, who tied for seventh and third respectively, will make their Open Championship debuts next week, while the other spot at Royal Birkdale goes to Frenchman Victor Perez.

SEOUL, May 7 (UPI) — South Korean online retailer Kurly has attracted fresh investment, while its bigger rival, Coupang Korea, struggles to grapple with the aftermath of a massive data breach disclosed late last year.

Kurly said in a regulatory filing Wednesday that it would issue some 500,000 new shares worth $23 million, all of which will be acquired by the country’s internet giant, Naver.

Through the deal, which valued Kurly at around $1.9 billion, Naver will increase its stake in the e-commerce platform to 6.2% from 5.1%.

The Seoul-based company, which was founded in 2015, said that it would spend the funds to strengthen its long-term growth potential by expanding logistics infrastructure and pursuing new business initiatives.

“Starting with this investment, both companies plan to deepen their strategic partnership, focusing on generating tangible synergies and driving accelerated growth,” Kurly CEO Sophie Kim said in a statement.

By contrast, U.S.-listed Coupang Inc. has swung to a loss for the first time in seven quarters.

During the first three months of 2026, the e-commerce giant posted sales of $8.5 billion, up 8% from a year ago, but recorded an operating loss of $242 million compared with an operating income of $154 million a year ago.

Coupang Korea, which generates the vast majority of Coupang Inc.’s revenue, has faced criticism after unveiling a data leak last November involving tens of millions of its customers in South Korea.

To compensate customers following the accident, Coupang provided free vouchers worth more than $1 billion in early 2026, which has negatively affected the company’s earnings.

Coupang was trading at $17.25 a share at midday Thursday on the New York Stock Exchange, down about 50% from its 12-month high. The company lost 15 cents a share in the first quarter of 2026.

Kurly is not publicly listed.

May 1 (Asia Today) — Japanese Prime Minister Sanae Takaichi said Japan is expected to secure stable supplies of naphtha-based chemical products beyond the end of the year, easing immediate fears of a petrochemical supply shock.

Takaichi told a ministerial meeting on the Middle East situation Wednesday that Japan has expanded naphtha procurement from non-Middle Eastern sources, including the United States, Algeria and Peru. The government is also using crude oil reserves for domestic refining and drawing on downstream inventories.

Naphtha is a key feedstock for basic petrochemical products such as ethylene and propylene. It is used in plastics, synthetic resins, packaging, auto parts, electronics materials and household goods.

Japan’s response amounts to more than emergency imports. Government data show Japan sourced about 40% of its naphtha from the Middle East in 2024, produced about 40% domestically and imported about 20% from other regions.

Takaichi said supply concentration and distribution bottlenecks remain a concern. Some companies have placed larger-than-usual orders to guard against shortages, creating pressure at certain stages of the supply chain.

The supply strain has already affected Japan’s manufacturing indicators. Industrial output in March fell 0.5% from the previous month, with lower production of petroleum and chemical products contributing to the decline.

Japan has operated a task force since early April to monitor supplies of key materials, including naphtha, petrochemical products, fuel oil and goods tied to healthcare, logistics and agriculture.

The issue also carries implications for South Korea, whose petrochemical industry depends heavily on naphtha and is closely linked to refining, autos, electronics and packaging.

Japan’s move to diversify procurement, manage inventories and control supply information offers a possible model for South Korean policymakers and companies as Middle East tensions continue to pressure energy and industrial supply chains.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260501010000005