SEOUL, May 19 (Korea Bizwire) — Hyundai Glovis Co., the logistics unit of Hyundai Motor Group, said Thursday it has set up a subsidiary in Thailand in a joint venture with Thai companies as part of efforts to expand its foothold in Southeast Asia. The partnership with Charoen Pokphand Group, or CP Group, a major [...]
SEOUL, Sept. 25 (Korea Bizwire) — South Korea’s hypermarket chain E-Mart has reached a deal to sell off five of its six remaining stores in China effectively ending its 20-year presence in the market, industry sources said Sunday. Sources in the retail investment banking sector said E-Mart inked an agreement with Thailand’s CP Group to hand over the stores in Shanghai pending approval from Chinese regulators. They [...]
SEOUL, Sept. 19 (Korea Bizwire) – Lotte Group’s decision to cut its losses on its Lotte Mart business in China is reportedly drawing interest from five to 10 potential buyers, according to sources in the investment banking industry. Speaking on conditions of anonymity, one source said, “The names of the firms involved in negotiations cannot [...]