Shinsegae to Buy Furniture Company for US$168 mln: Sources

SEOUL, Jan. 24 (Korea Bizwire) — South Korean retail giant Shinsegae will purchase a local furniture company for 180 billion won (US$167.8 million) Wednesday as it attempts to tap into the country’s home furnishing industry, sources said. Shinsegae Department Store will sign a contract with Casamia Co.’s founder and other specially related persons to purchase [...]