Sources familiar with the matter said a deal could be finalized and announced as early as this week.
Mr. Zheng presently holds 18.56% of the shares of South Korea’s biggest price cut store, ending up being the biggest…
The venture aims to compete with local e-commerce leaders such as Naver Corp. and Coupang Inc.
Shinsegae's logo hangs outside the company's department store in Seoul, South Korea. SeongJoon Cho/Bloomberg SSouth Korean discount chain E-Mart, a…
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